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Bullish Growth Prospects Trump Demand Doubts, But Oil Still Requires Fundamental Drivers
Jan 30, 2024 ... Dan Ghali, a commodity strategist at TD Securities, pointed  out that "aggressive algorithmic buying activity" is supporting futures, but fundamental drivers are required to sustain higher oil ...
Rising Freight Rates Take Bite From India-Europe Low-sulphur Diesel Trade
Jan 30, 2024 ... high freight costs would be likely to prompt sellers of India-origin cargoes to look to Asia for buyers soon, which would tighten supplies into Europe further, sources said. Planned maintenance ...
ADP Clear Joins Singapore's List of Approved e-BDN Service Providers
Jan 22, 2024 ... launched by Minerva and developer Rise-X.io in 2021.  Minerva's ADP platform gives bunker buyers a live and transparent view of the delivery process, including taking data from the ...
Oil Up After U.S. Retaliates Against Houthi; But Fundamentals Remain Steady
Jan 12, 2024 ... rise in geopolitical risks," and he added  that if Brent breaks $81 per barrel, it could drive buying and "force algos to start acquiring net long positions." In other oil news on Friday, ...
IMO Decarbonisation Goals Strengthen Case for Global Adoption of MFMs: TFG Marine
Jan 9, 2024 ... MFM delivery by teaming up with accredited conformity assessment bodies. "Shipowners and fuel buyers should aim to continue to buy from these suppliers even if headline prices move higher. ...
Singapore: Shell Refinery Sale Incurs Billion Dollar Writedown
Jan 8, 2024 ... barrels a day refinery is among the assets up for sale following a strategic review. Potential buyers had been narrowed down to four in early December. Market observers say that on the plus ...
Shell Hires Americas Bunker Buyer in Houston
Jan 3, 2024 ... energy producer Shell has hired a new bunker buyer for the Americas in Houston. Sergi Calls has joined Shell as Americas bunker buyer in Houston as of this month, he said in an update to ...
EU-ETS Rules for Shipping Come Into Effect Today
Jan 1, 2024 ... has joined the EU's emissions trading system (EU-ETS) as of Monday, forcing companies to buy allowances to cover a percentage of their voyages to and from Europe's ports. The plan was ...
Fratelli Cosulich Completes First EUA Deal
Dec 22, 2023 ... to deal in the allowances. Shipping enters the EU-ETS as of January 1, requiring companies to buy EUAs to cover the emissions generated during their voyages. The system is being gradually ...
No Change in Plans on Cockett Stake Sale: Grindrod
Dec 22, 2023 ... unchanged. Media reports this week suggested the firm had restated the process of seeking a buyer for its Cockett stake. "Nothing has changed," a Grindrod representative told Ship & ...