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Oil Gains on Strong Demand Rebound Sentiment, OPEC Initiatives
Apr 27, 2021 ... on Tuesday swerved back to optimism for a robust demand recovery later this year, and as a result oil climbed by the most in nearly two weeks. After sources such as BP, Russia, and the ...
India Inspires Another Round Of Crude Losses, Buffered By OPEC
Apr 26, 2021 ... is causing in the market, John Kemp, commodities analyst for Reuters, noted on Monday that "Crude oil prices are already at or slightly above their long-term average in real terms, which is ...
Covid Concerns Dampen Oil Trading, But Demand Recovery Robust In Many Countries
Apr 20, 2021 ... Yawger, director of energy futures at Mizuho, said, "Given India's position as a major crude oil importer in the world, new restrictions would be very bad for the energy complex." Narendra ...
Oil Prices Down, But Saudis Insist Output Increases Are Justified By Demand Growth
Apr 9, 2021 ... two weeks ago. Jim Ritterbusch, president of Ritterbusch and Associates, remarked, "Favourable oil demand prospects are being largely offset by the expected increase in OPEC + production that ...
Oil Mixed On Good Economic News And Enduring Covid Fears
Apr 7, 2021 ... prices on Wednesday were mixed, with one benchmark achieving modest gains based on improving global economic forecasts and U.S. crude declining due to fears that new Covid outbreaks will impact ...
Oil Jumps 3% On OPEC Easements As Analysts Reiterate Demand Recovery Optimism
Apr 1, 2021 ... the meeting, Alexander Novak, deputy prime minister of Russia, said he expected global oil demand to grow by 5-5.5 million bpd this year; this nod to demand recovery seemed to be ...
Oil Declines On OPEC Demand Recovery Forecast, But Bullish Sentiment Still Prevails
Mar 31, 2021 ... losses were triggered by OPEC's 300,000 barrels per day (bpd) downward revision of its oil demand growth forecast for this year, for an overall growth of 5.6 million barrels; prior, ...
Welcome to the 229 Million Metric Ton Global Bunker Market!
Mar 25, 2021 ... fanfare at the end of last week IMO published, in preparation for MEPC 76, the "Report of fuel oil consumption data submitted to the IMO Ship Fuel Oil Consumption Database in GISIS (Reporting ...
Oil Plummets On European Vaccine Debacle, But Analysts Still Keen On 2021 Demand Recovery
Mar 18, 2021 ... resume full out production yet because "the recovery this year will return less than two-thirds of oil demand lost in 2020." Lee added, "Demand is set to show strong year-on-year growth in the ...
VLSFO: Fact Versus Fiction
Mar 18, 2021 ... there was a lot of speculation about the nature of the IMO 2020-compliant very low sulphur fuel oil (VLSFO) blends, and how they would compare to the high sulphur fuel oil (HSFO) blends that were ...
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Chimbusco Pan Nation Sees Hong Kong Biofuel Bunker Demand Potentially Doubling by 2031

Chimbusco Pan Nation Sees Hong Kong Biofuel Bunker Demand Potentially Doubling by 2031

The firm expects Hong Kong's demand for biofuel bunker blends to grow by 1.5-2 times over the next five years, its director tells Ship & Bunker.

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Maersk 2025 Bunker Demand Heads for 3.4% Drop

Maersk 2025 Bunker Demand Heads for 3.4% Drop

Maersk has spent close to $4.7 billion in bunker costs in the first nine months of this year, down from $5.4 billion a year ago.

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Suspected Pirates Board Tanker Off Somalia

Suspected Pirates Board Tanker Off Somalia

Military authorities have reported the first successful hijack of a commercial ship off Somalia since May 2024.

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