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OPEC Output Reduction Threat Continues To Boost Oil Prices
Aug 23, 2022 ... markets will only strengthen our resolve." On Tuesday a spokesperson at SK Innovation Co. (South Korea's biggest producer) said the Saudi comments are "boosting uncertainty around prices as well ...
Avenir LNG Cements Alliance With Croatian Partner
Aug 23, 2022 ... liquified natural gas (LNG) supplier Avenir LNG and Croatia's Prvo Plinarsko Drustvo are to extend their cooperation on LNG supply and distribution by signing a joint collaboration ...
Oil Traders Provoked By Bold Saudi Warning Of Possible OPEC Cutbacks
Aug 22, 2022 ... to Vandana Hari, founder of Vanda Insights, pointing to data showing that buyers in South Korea, India, and China have picked up more than 20 million barrels of crude from the U.S. this ...
Hapag-Lloyd Launches 'Three-Digit Million Range' Fleet Efficiency Upgrade Programme
Aug 22, 2022 ... the CO2 intensity of our own ships by 30 per cent already by 2030," says Dr. Maximilian Rothkopf, COO of Hapag-Lloyd AG. Hapag-Lloyd is the world's fifth largest box carrier by volume with ...
Singapore: Bunker Surveyor Lands Time in Jail in Shell Fraud Case
Aug 22, 2022 ... local news provider the Straits Times. The marine gasoil was siphoned off from Shell's Pulau Bukom plant in ...
SFL Corporation Takes on Four Scrubber-Equipped Tankers
Aug 18, 2022 ... on its website on Wednesday. The tankers are all on long-term charter to a subsidiary of Koch Industries.  "We are pleased to further expand our presence in the tanker market at what we ...
NewOcean Energy Receives Winding-Up Order in Hong Kong
Aug 16, 2022 ... supplier NewOcean Energy has received a winding-up order in Hong Kong, following a similar order in Bermuda last month. The firm was wound up by an order of the High Court of Hong Kong ...
Scrubber-Equipped, Ammonia- and LNG-Ready VLCC Delivered
Aug 12, 2022 ... company has taken delivery of the VLCC Amore Mio from Hyundai Samho Heavy Industries in South Korea, it said in a statement on its website this week. The ship is the first of a pair of vessels ...
Wind Propulsion Retrofit Planned for Combination Carrier
Aug 10, 2022 ... assessment looking into installing a Norsepower rotor sail system on the combination carrier M/V Koryu, Norsepower said in a statement on its website on Wednesday. The vessel is operated by ...
IBIA Chairman: 'What We See is a Market That is in Flux'
Aug 8, 2022 ... bunker licensing, including through our MFM and Licensing Working Group, chaired by Alexander Prokopakis of ProBunkers.  "Obviously IBIA would not be the organisation instituting a licensing ...
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BUNKER PRICES: G20-VLSFO Index Declines for Fourth Day

BUNKER PRICES: G20-VLSFO Index Declines for Fourth Day

Global VLSFO prices have been dropping all week following the ceasefire in the Middle East.

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Oil Rises Minimally As Iran/Israel Ceasefire Falls Under Scrutiny

Oil Rises Minimally As Iran/Israel Ceasefire Falls Under Scrutiny

Meanwhile, major U.S. stock draws again suggest demand is healthier than thought.

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Shell Denies Making an Offer to Acquire BP

Shell Denies Making an Offer to Acquire BP

The Wall Street Journal had reported on Wednesday that talks between the two firms were at an early, but active, stage.

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