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Oil's Winning Streak Supported By Inventory Drops But Capped By Economic Concerns
May 21, 2020 ... session: data revealing that crude inventories dropped again, which caused modest gains for oil prices, and lingering fears over the economic fallout caused by the government-imposed virus ...
Brightoil Reaches Settlement With Petrolimex Over $30 Million Debt
May 20, 2020 ... Kong-based Brightoil Petroleum (Holdings) Limited says its Singapore unit has reached a settlement with Petrolimex over its $30 million debt to them. Brightoil's founder Sit Kwong Lam was ...
Lockdown Easements Boost Crude Prices, But Analysts Wary Of What Politicians Will Do Next
May 19, 2020 ... Arabia's state-owned Saudi Aramco on Tuesday earned headlines for being the first major global oil producer to see its stock recover to the level it traded at before the kingdom's price war with ...
Huge Gains For Crude Over Demand Resurgence And Virus Vaccine News
May 18, 2020 ... resulting from the global economic shutdowns. For the record, Kpler, a company that tracks oil flows, said OPEC+ seaborne oil exports have declined by 6.3 million barrels per day (bpd) over ...
Expectation of Higher Oil Prices Holds Back Scrubber Cancellations: Gibson
May 18, 2020 ... possibility of a sharp rebound in oil prices and price spreads between high- and low-sulfur fuels is stopping the cancellation of planned scrubber retrofits from being more widespread in the ...
VPS Identifies 40 Vessels With Engine Damage Using Combination of VLSFO and 40BN Lubricants
May 14, 2020 ... with the IMO2020 0.5% sulphur cap has driven the introduction of Very Low Sulphur Fuel Oils (VLSFOs). The combustion of VLSFO produces much lower acid concentrations due to reduced ...
Oil Drops Slightly on Sentiment That Economy Will Take "Many Months" To Recover
May 13, 2020 ... imposed coronavirus lockdowns - nonetheless resulted in traders ignoring good news and causing oil prices on Wednesday to fall, although minimally. Jerome Powell, Federal Reserve chair also ...
Crude Down But Demand Continues To Grow As Lockdowns Ease
May 11, 2020 ... have been minimized by a Saudi Arabia energy ministry official saying heĀ  has directed national oil company Saudi Aramco to reduce its crude oil production for June by an extra 1 million barrels ...
FEATURE: Large Bunker Sellers Relaxed About Credit Environment
May 11, 2020 ... larger sellers appear to be relatively relaxed about the current credit environment, despite the oil-price collapse and the crisis hitting one of Singapore's largest suppliers. The sudden drop ...
Huge Surge In Crude Prices As Vehicular Traffic And Back To Work Movement Builds
May 5, 2020 ... along with other positive disclosures on Tuesday galvanized crude traders, who once again caused oil prices to soar - this time by a massive 20.5 percent. Brent shot up $3.77, or 13.9 percent, ...
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Norwegian Green Hydrogen Projects Move to Construction Phase

Norwegian Green Hydrogen Projects Move to Construction Phase

The two green hydrogen projects target future demand from the shipping sector.

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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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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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