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Sudden Optimism Over Israel/Hamas Conflict Causes Modest Decline In Oil Prices
Oct 20, 2023 ... and gas transactions and removed the ban on secondary trading. Also, the U.S. announced it will buy another 6 million barrels of crude oil for its Strategic Petroleum Reserves—but at a price ...
Integr8 Reports Increase in LNG Bunker Spot Trading Activity
Oct 19, 2023 ... Brent or fuel oil price linkage options for LNG, but they will typically come at a premium for buyers. "By locking in the delta on a linked price of a certain percentage, LNG prices will have a ...
Procurement Firm Shipergy Launches Bunker 'Virtual Certificate of Quality'
Oct 17, 2023 ... firm Shipergy has launched a new 'Virtual Certificate of Quality' (VCOQ) tool for marine fuel buyers. The VCOQ service will be available for purchases through Shipergy of all bunker fuel ...
S&B MARKET SURVEY: Global Bunker Hub Demand Gained 4.9% on Year in Q2
Oct 11, 2023 ... becoming the chief outlet for cheap HSFO and Rotterdam has equally become the cheapest place to buy VLSFO – continuing trends and fall out from the post-Ukrainian invasion sanctions ...
GeoServe Signs Up Aries Bulk for Voyage Management Services
Oct 9, 2023 ... company to be added this year. Founded in 2019 when the Scorpio Group moved to bring its bunker buying activity in house, GeoServe is now billing itself as a 'voyage management solutions ...
Frontline to Buy 24 VLCCs From Euronav
Oct 9, 2023 ... firm Frontline is set to buy 24 VLCCs from Euronav as part of a deal seeking to end a shareholder dispute over Euronav's strategy. As part of the deal, CMB will acquire Frontline's 26.12% ...
Oil Suffers Huge Weekly Loss As Demand Fears Mount
Oct 6, 2023 ... duties on fuel resellers to discourage companies that don't produce the fuel themselves but buy it on the domestic market from exporting the fuels once the ban is lifted. As for crude ...
Biofuels Excluded from Rotterdam's New Incentive Scheme for Bunkering Sustainable Shipping Fuels
Oct 5, 2023 ... that the scheme has been introduced to support the recently announced Zero Emissions Maritime Buyers Alliance (ZEMBA) founded earlier this year by brands including Amazon and Patagonia to ...
Demand Worries Prevail as Oil Incurs More Steep Losses
Oct 5, 2023 ... driven by the length in the market that had built up over the last month: many of the new longs buying into the $100 crude trade were low-conviction momentum traders who are easily spooked out of ...
Oil Ekes Out Gains Amid Higher Dollar And Concern Over OPEC Policy
Oct 3, 2023 ... a strong U.S. dollar that usually discourages investors from buying crude, oil trading on Tuesday was volatile and wound up ending higher, as market tightness was weighed against economic ...