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Crude Falls as Rising Production Numbers Put Lie to OPEC's Promise of Doubling Down on Production Cuts
Crude Falls as Rising Production Numbers Put Lie to OPEC's Promise of Doubling Down on Production Cuts
Rising U.S. stockpiles also cause market gloom on Tuesday.
1 Aug 2017
Newbuild to Feature Exhaust Cleaning Systems and LNG Dual-Fuel Engines
Newbuild to Feature Exhaust Cleaning Systems and LNG Dual-Fuel Engines
Wärtsilä is set to supply the exhaust cleaning systems and engines for the first German research vessel operating on LNG bunkers.
1 Aug 2017
BP Sees Sub $55/bbl Oil in 2018's "New Oil Price Environment"
BP Sees Sub $55/bbl Oil in 2018's "New Oil Price Environment"
However, others point to Venezuela as having the potential to catapult oil to $60 in the near term.
1 Aug 2017
LNG Bunker Advocacy Group SEA\LNG Adds Three New Members
LNG Bunker Advocacy Group SEA\LNG Adds Three New Members
"The recent adoption of stricter emission standards for marine transportation by 2020 is consistent with our strategy for entering into new prospective LNG market segments including bunkering," says new member NOVATEK.
1 Aug 2017
Marine Industry Will Ultimately Acknowledge and Use Scrubbers for 2020: Quadrise
Marine Industry Will Ultimately Acknowledge and Use Scrubbers for 2020: Quadrise
The comments came alongside news that company received the Interim Inspection Report provided by Wartsila from Maersk as part of the now cancelled marine trial of its MSAR emulsion bunker fuel.
1 Aug 2017
July Ends With Another Uptick in Oil Prices
July Ends With Another Uptick in Oil Prices
Bunker prices were firmer in the primary ports.
31 Jul 2017
Aegean Announces Date for 2Q 2017 Financials & Earnings Call
Aegean Announces Date for 2Q 2017 Financials & Earnings Call
The results and subsequent earnings call will be the first since a number of high level changes for the supplier, including the appointment of a new President.
31 Jul 2017
ACP Highlights Expanded Panama Canal's Fuel, Emission, and Cost Savings
ACP Highlights Expanded Panama Canal's Fuel, Emission, and Cost Savings
"From June 2016-2017, more than 1,500 Neopanamax vessels transited the Expanded Canal," says the Canal's Environmental Protection Specialist Alexis Rodriguez.
31 Jul 2017
Panama H1 Bunker Sales Rise Over 23%
Panama H1 Bunker Sales Rise Over 23%
Sales for all products during the six months to June totalled 2,416,092 metric tonnes.
31 Jul 2017
FOBAS Alert: Off-Specification Sulphur Results for ECA Fuels at Antwerp
FOBAS Alert: Off-Specification Sulphur Results for ECA Fuels at Antwerp
Any ships receiving fuels that are confirmed noncompliant fuels should immediately issue a letter of protest to the relevant fuel supplier, flag administration and port authority.
31 Jul 2017
Gulf Petrochem Group Inks US$150m Financing Deal
Gulf Petrochem Group Inks US$150m Financing Deal
"In an environment of continued low global oil prices, the financing will be used to support the group's activities around the world," says GP.
31 Jul 2017
Friday Crude Gains Make Oil's Best Week of 2017 - But Market Remains Range Bound
Friday Crude Gains Make Oil's Best Week of 2017 - But Market Remains Range Bound
Analysts say the good news must extend beyond U.S. activity before a true recovery can be declared.
28 Jul 2017
OPEC Meeting to Discuss Oil Cutback Failures Comes As Worries Grow Over Venezuela's Potential Collapse
OPEC Meeting to Discuss Oil Cutback Failures Comes As Worries Grow Over Venezuela's Potential Collapse
However, calamity in the Republic may be good news for the crude market.
28 Jul 2017
d'Amico Set to Sell Three More Vessels Amid Difficult Freight Market
d'Amico Set to Sell Three More Vessels Amid Difficult Freight Market
DIS reports a net result of -$6.2 million for the H1 2017 period, compared to $13.6 million during the same period of 2016.
28 Jul 2017
World Fuel Services Bunker Sales Dip Again on Reduced Asia Activity
World Fuel Services Bunker Sales Dip Again on Reduced Asia Activity
The 6.8 million mt sold in 2Q 2017 matched 1Q sales, but were down around 18% compared to the period last year.
28 Jul 2017
PoLB and Port of L.A. Request Proposals for Zero-Emissions Technology
PoLB and Port of L.A. Request Proposals for Zero-Emissions Technology
PoLB, in partnership with the Port of L.A., is seeking demonstrations of technologies to upgrade harbour craft to cleaner engines.
28 Jul 2017
Gazpromneft–Lubricants Sees 7.5% YoY Increase in Marine Lube Sales During 2017 H1
Gazpromneft–Lubricants Sees 7.5% YoY Increase in Marine Lube Sales During 2017 H1
Gazpromneft–Lubricants says 2017 is seeing a growing demand for lubricants for marine engines operating on low sulfur and "environmentally friendly" fuel.
28 Jul 2017
Oil Prices: Forget Lower for Longer, Shell Says Get Set for "Lower Forever"
Oil Prices: Forget Lower for Longer, Shell Says Get Set for "Lower Forever"
The oil giant believes peak demand for crude will occur by the late 2020s.
28 Jul 2017
More Crude Increases Cause Analysts to Declare that a Rebalance is Nigh
More Crude Increases Cause Analysts to Declare that a Rebalance is Nigh
However, recent events cast doubt on whether healthier demand/supply is truly in the offing.
28 Jul 2017
Weekly Vessel Scrapping Report: 2017 Week 28
Weekly Vessel Scrapping Report: 2017 Week 28
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 20 – July 26, 2017.
27 Jul 2017
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