Tag: Crude Oil
New MARPOL Sampling Rules Heighten Compliance Pressure
IMO increases fuel sample volume from 400ml to 600ml under revised MARPOL and SOLAS guidelines.
Stricter rules now apply to sample handling, labelling,...
The First Expansion Since 2017 May Bring Jetties to Fujairah Port
Record vessel calls in 2023
Trading down from last year
One or two jetties may be added
Fujairah port is considering adding new jetties,...
Chinese Ship Makes History With Full Arctic Round Trip!
Chinese shipping company NewNew Shipping Line has completed the first round-trip voyage of the inaugural regular liner service connecting China to western Russia via...
Bancosta Weekly Market Report – Week 39,2023
North West Europe crude oil exports 2023 so far has been another positive period for crude oil trade,despite the high oil prices and risks...
China’s Oil Inventory Puzzle Amidst Record Imports
Amidst China's record-breaking crude oil imports and bullish demand indicators, a less visible but critical aspect of its energy strategy emerges — vast accumulations...
Poten Weekly Tanker Opinion – Week 33,2023
Saudi Arabia plays a major role in product trades
Saudi Arabia is a powerhouse in the crude oil markets. It is one of the largest...
Q3: Crude Oil’s Catalyst
Higher Q3 oil demand amidst OPEC+ supply cuts
Crude oil prices have been declining this year due to various factors impacting global trade. OPEC+ has...
Saudi’s Red Sea Oil Stash is Driving Up Global Floating Storage
The amount of oil being stored at sea globally climbed to the highest in more than two-and-a-half years, aided by an unusual stash of...
Global Floating Oil Storage Hits Highest Level
The volume of floating oil storage has jumped to the highest level in more than two and a half years.
There were 129...
Saskatchewan Targets 600,000 b/d: Crude Production to Surge
A provincial government official announced that Saskatchewan, Canada, has set a goal to achieve a 31% increase in crude oil production, reaching approximately 600,000...