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OPEC Boosts Oil Output Amid US Hitting Infrastructure Hurdles
Aug 27, 2018 ... of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers found that oil producers participating in a supply-reduction agreement cut output in July by 9 percent more ...
Crude Up as Worries Shift Yet Again From Waning Demand to a Tightening Market
Aug 24, 2018 ... 5 percent this week following three consecutive weekly losses. Stephen Brennock, analyst at PVM Oil Associates, said of Friday's performance, "Both crude markers are on track to end a steady run ...
Crude Flat as China Tariffs Targets US Oil Products
Aug 23, 2018 ... $200 billion worth of Chinese imports that could face duties. Stephen Brennock, analyst at PVM Oil Associates, said of traders' reaction on Thursday to the latest tariffs, "Fears are rife that ...
World Fuel Services Subsidiary Takes Legal Action Against Bomin in Alleged Bad Bunker Incident
Aug 13, 2018 ... World Fuel Services subsidiary has taken legal action against Bomin Bunker Oil Corporation (Bomin) and Singapore's TKK Shipping (PTE) LTD (TKK) in another alleged "bad bunker" claim originating ...
Sixth Straight Weekly Loss for Crude, But IEA Predicts "Very Challenging" Times Ahead
Aug 10, 2018 ... have caused economists to predict lower global economic growth and boosted the U.S. dollar, making oil more expensive for consumers using other currencies. Add to this yet more news on Friday of ...
Crude Falls Again on More Evidence of Slowing Demand and Output Capability
Aug 9, 2018 ... pattern that saw prices fall again on Thursday, based on doubts about the strength of oil demand going forward as well as the notion - contrary to what many analysts insist - that ...
U.S. Crude Plummets 3.2 Percent on Higher Than Expected Stockpiles, Fear of Waning Demand
Aug 8, 2018 ... crude market, with traders who had caused prices on Monday to escalate due to fears of a global oil depletion now causing U.S. crude to drop a massive 3.2 percent, in reaction to the U.S. trade ...
Crude Prices Steady Despite Iranian Sanctions and Inventory Decline
Aug 7, 2018 ... see-saw tendency of crude traders was demonstrated on Tuesday, just 24 hours after oil prices rose on the fear that markets would soon tighten globally: this time, reports of a decline in U.S. ...
Modest Drop in Saudi Crude Production Triggers Mass Fear of Supply Depletion
Aug 6, 2018 ... unexpected 200,000 barrel per day (bpd) drop in oil output in July for Saudi Arabia caused crude futures to rise on Monday – and was accompanied by a wave of renewed fears that prices will ...
Balboa Bad Bunker Claim: Meadway Seeking $2.1M in Damages After Main Engine Injectors Seize
Aug 6, 2018 ... "[t]otal phenol content [that] adds up to 106 ppm (normally less than 100 ppm)" along with tall oil components and 2,4-dittertbutylphenol that are "contaminants are not normally found in bunker ...
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Lukoil to Sell Overseas Assets to Trading Firm Gunvor

Lukoil to Sell Overseas Assets to Trading Firm Gunvor

Lukoil said it has accepted Gunvor's offer and will not engage with other potential buyers.

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Sing Fuels Wins ISCC Certification

Sing Fuels Wins ISCC Certification

The certification enables the firm to supply sustainable and traceable biofuel blends.

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US and China to Pause Maritime Trade Actions for One Year

US and China to Pause Maritime Trade Actions for One Year

Beijing says both countries will suspend maritime measures imposed on each other for one year.

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