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KPI OceanConnect Sees Global Bunker Demand Gain 3-5% This Year
May 28, 2021 ... slipped by 0.9% and Panama's were down by 7%. But this mostly reflects a fall from the elevated buying levels seen during the IMO 2020 transition early last year as shipping companies were ...
Vertex Energy Extends Bunker One Deal to Cover Mobile Refinery
May 27, 2021 ... US Gulf marine fuel supply agreement with Bunker One to cover the Mobile, Alabama refinery after buying the plant from Shell. Shell is selling the 90,000 b/d plant near the US Gulf Coast as part ...
INTERVIEW: Vitol Sets Out Plans for New Global Bunker Business
May 26, 2021 ... in Singapore and Fujairah stand at about 200,000 mt/month each No plan to buy up Grindrod's half of Cockett Marine Oil Commodity trading giant Vitol has made a significant ...
Oil Ekes Out Minimal Gains as Iran Concerns Conflict With Surging Demand
May 25, 2021 ... holding as much as 69 million barrels at sea, and theoretically floating barrels could reach most buyers within a few weeks, but Gibson believes it will likely take longer for the hoard to clear in ...
Oil Prices Rebound On Demand Optimism, Growing Doubt Over Iran Deal
May 24, 2021 ... and Cimarex's oil-heavy acres in West Texas. The deal comes on the heels of EQT Corp's bid to buy Alta Resources and Pioneer Natural Resources's agreement in April to buy privately held ...
Oil Up But Not Enough To Prevent Weekly Loss As Iran Concerns Persist
May 21, 2021 ... the global market with oil, crude prices rose 2 percent on Friday, this time driven by traders buying crude ahead of a storm forming in the Gulf of Mexico, which may interrupt production. After ...
FEATURE: IBIA Members Lament VLSFO's Pricing Basis Problem
May 20, 2021 ... fuel offer quotes to his customers priced against volatile ICE gasoil futures. "You have to buy and sell basis ICE quotations," the supplier said. "Yesterday, for example, the ICE daily ...
Oil Plummets 3% On U.S. Interest Rate Fears, Ongoing Covid Rates In Asia
May 19, 2021 ... in the country have surged, because "this is going to pass." Meanwhile, a wave of strong oil buying by processors in China and Japan has lifted spot premiums in Asia's physical market, ...
Frontline Buys Six Scrubber-Fitted VLCCs
May 19, 2021 ... The first five ships are due for delivery in 2022, starting from the first quarter, and the last one in the first quarter of 2023. ...
Crude Plummets Over 2% As Traders Refocus On India's Covid Battle
May 13, 2021 ... demand hadn't been stalled by the virus, specifically, Indian Oil Corp. issued three tenders to buy crude for loading in the next two months after a one-month hiatus. PVM analysts said in a ...