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OPEC Delay Triggers Analytical Concern As Oil Heads Lower
Nov 22, 2023 ... from October's output of 786,000 bpd. According to Forbes, oil traders have been "rushing" to buy Venezuelan crude since Washington temporarily eased sanctions on October ...
VPS: Using Data to Improve Fuel Procurement and Fuel Efficiency
Nov 21, 2023 ... advanced supplier benchmarking feature in PortStats, you have gold in your hands for the bunker buyers and traders." - Director Fuel Procurement Poor fuel management is one of the top three ...
Oil Incurs Fourth Straight Weekly Loss As Analytical Forecasts For Market Ahead Clash
Nov 18, 2023 ... stronger than expected, partly offset by OPEC cuts." Goldman Sachs analysts including Daan Stuyven went on to state that the Organization of the Petroleum Exporting Countries "will ensure ...
IBIA CONVENTION: Insurers Are Wary of Bunker Industry's Lack of Transparency
Nov 17, 2023 ... can look at the data, we can look at the trend of the industry, we can look at how certain buyers are performing based on trading experience and some financials, but what we really cannot ...
Bunker Holding Seeks to Join Methanol Market
Nov 15, 2023 ... challenge at present is in the kind of commitment on pricing and contract length that the buyers are seeking, Torres added. "The customers were looking for 10-year supply contracts, and at ...
Little Change for Oil After Mixed Signals From IEA
Nov 14, 2023 ... on Tuesday, ExxonMobil announced that it had begun production from its Payara project offshore Guyana; Payara will increase Guyana's crude oil production to 620,000 bpd. Exxon's third FPSO, ...
IBIA CONVENTION: Shipping Firms Need Long-Term Supply Deals to Secure Biofuels - Neutral Fuels
Nov 14, 2023 ... today committing to 10- and 20-year deals to the people that are supplying it. "If you want to buy my fuels today, you need to go into a long-term purchase agreement, because there's simply not ...
INTERVIEW: ZeroNorth Bunker Now Covers a Fifth of All Marine Fuel Sales
Nov 14, 2023 ... 35 million mt/year on the buy side and 25 million mt/year on the supply and trading side Aiming for breakeven in 2024 Charging 'cents per tonne' for the transactions it ...
ZeroNorth Consolidates Bunker Services Into Six Core Products
Nov 14, 2023 ... The firm is consolidating all of its marine fuels offerings into six core products under the ZeroNorth Bunker brand after a series of acquisitions in recent years. ...
IBIA CONVENTION: Lack of Willingness for Transparency Seen as Key Barrier to Bunker Industry Digitalisation
Nov 13, 2023 ... key attraction to the transparency brought about by digitising the industry is that it helps both buyers and sellers to improve their performance as with enough pooled data, it becomes possible to ...