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Shipping Firms' Guilty Plea to US Court Merits $2m Fine for Dumping Oily Waste
May 22, 2024 ... shipping firms complicit in an oily waste dumping incident in which their ship's oil record book was falsified have pleaded guitly to charges in a US federal court. UAE-based Prive Overseas ...
Oil Extends Losses As Concerns Over U.S. Driving Season Deepen
May 21, 2024 ... that said, we still have summer driving season ahead of us." For the record, RBC forecasts U.S. oil will average $79.50 per barrel and Brent $84 per barrel for the rest of the ...
Oil Up On Renewed Demand Confidence, But Caution Prevails
May 13, 2024 ... and this prompted Alex Hodes, analyst at energy brokerage StoneX, to state, "Canadian oil sands production currently has a 3.3 million barrel daily capacity, which is very likely to be ...
Oil Traders Suddenly Optimistic Over China But Prices Capped By Demand Worries
May 9, 2024 ... which oil traders for the better part of a year have cited as a major reason for bearish sentiment, suddenly on Thursday caused prices to climb, albeit under 1 percent, as it signalled the ...
Why Do Ships Need a Class Notation for Drop in Biofuel Bunkers?
May 9, 2024 ... 'drop in' fuels. That is, they have been designed to work as a direct replacement for traditional oil bunkers. Unlike switching to ammonia, or fitting bukner saving tech such as an 'air ...
Oil Stays Range Bound As Dismal Demand Projections Are Disclosed
May 9, 2024 ... its range bound parameters, oil prices on Wednesday enjoyed a minimal gain on the strength of a drop in U.S. crude inventories and as the summer driving season draws closer. Brent settled ...
Oil Incurs Big Weekly Loss, But Traders Buoyed By Slowing U.S. Economy
May 3, 2024 ... on Friday logged its biggest weekly loss in 3 months, the result largely of a sudden turnaround in sentiment towards the prospect of the U.S. Federal Reserve cutting interest rates. For the ...
VIEWPOINT: The Bunker Industry Needs to Train More Junior Staff
May 2, 2024 ... month Can Ertem of ElbOil set out his personal view for Ship & Bunker on the bunker industry having too many junior traders on its payroll. In response Tracy Palm, group HR director at ...
Oil Ends Week With Modest Gains As Israel Strikes Lebanon
Apr 26, 2024 ... ended a week of largely range bound and rudderless trading by ending slightly higher on Friday, pushed by Middle East hostilities but capped by a strong U.S. dollar. Brent settled up 49 ...
US Congress Seeks to Sanction Ports and Refineries Taking Iranian Oil
Apr 22, 2024 ... US Congress is seeking to target ports and refineries taking Iranian oil for sanctions. US lawmakers included the sanctions plans in its aid package for Ukraine, Israel and the Indo-Pacific ...