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ANALYSIS: Bunker Price Outlook for 2025
Dec 11, 2024 ... now in play and set to jump for those operating in EU waters, forecasts indicate affected buyers could see the true average cost of fuel in 2025 rise to $795/mt. As always, our analysis ...
Oil Rises On Optimism For China - Despite Demand Possibly Peaking Next Year
Dec 10, 2024 ... Flynn, senior market analyst with Price Futures Group Inc., said, "Hedge funds are starting to buy on tightness of supply in European markets this winter." The whiplash-inducing pivot from ...
Oil Up On Syria Turmoil, China Bracing For Trump Takeover
Dec 9, 2024 ... week was Saudi Arabia deciding to lower the official selling prices for refiners in Asia, which buy about 70 percent of the kingdom's crude. The price for the benchmark Arab Light grade for ...
Varo Energy in Talks to Buy Preem's Two Swedish Refineries: Report
Dec 6, 2024 ... trading firm Varo Energy is reportedly considering buying Preem's two refineries in Sweden. Varo is in talks to acquire the Gothenburg and Lysekil refineries from Preem's parent company, ...
Oil Dips As Analysts Debate Impact Of OPEC Production Delay
Dec 5, 2024 ... and commodities economist at Capital Economics, wrote in a note that although the decision "buys the group some time," weak global demand "means that it could easily find itself back in a ...
Three Trading Firms Now Dominate Russian Oil Exports to India: Report
Dec 5, 2024 ... Trading and Pontus Trading are no longer offering these cargoes. India became the largest buyer of Russia's seaborne crude after the Russian invasion of Ukraine in 2022. India currently buys ...
Sweden's Renewable Fuel Surplus: A Maritime Catch-22
Dec 4, 2024 ... at GAC Sweden. "But cargo owners are unwilling to pay higher freight costs – and without buyers, the environmental benefits remain unrealised, stalling progress towards ...
US Adds 14 Companies and 21 Tankers to Iran Sanctions List
Dec 4, 2024 ... To: TIGHTSHIP SHIPPING MANAGEMENT (OPC) PRIVATE LIMITED). PHONIX (8RCY3) Crude Oil Tanker Guyana flag; Vessel Registration Identification IMO 9198317; MMSI 750308000 (vessel) [IRAN-EO13902] ...
Oil Mixed As Impact Of Middle East Cease-fire Quickly Dissipates
Nov 27, 2024 ... on energy exports from Canada, Goldman Sachs' co-head of global commodities research Daan Struyven agreed they could cause "some pretty significant consequences," but he doubted the tariffs ...
MSC Adds 400 Second-Hand Boxships to Fleet in Four Years
Nov 27, 2024 ... August 2020, shipping intelligence service Alphaliner reported this week. The additions in this buying spree represent a total of 1.66 million TEU with an average age of 20 years. MSC overtook ...