Tag: oil prices
OPEC+ Production Cuts May Lead To A Sharp Rise In Tanker...
The extension of the Organisation of the Petroleum Exporting Countries plus (Opec+) output cuts into April may lend strength to oil prices, but will...
Tackling Decarbonization With Scrubbers Amidst Strict Regulations
Scrubbers a valuable stepping stone to carbon neutral future, says wärtsilä exhaust treatment chief, reports Bunker Spot.
Strict parameters
Scrubbers are buying shipping operators valuable time...
Oil Market Strengthens With Lowering Of Floating Storage
The volume of crude oil and condensate in tankers worldwide has fallen to a one-year low as the market's recovery gathers pace, and with...
US LNG Futures Mark Weekly Gain With The Slip Of Qatar-Asian...
Oil prices fell for a second day on Friday, retreating further from recent highs, as Texas energy companies began preparations to restart oil and...
IMF Predicts 21% Rise in Oil Prices in 2021
Oil prices will average just above $50/b in 2021, a more than 21% rise from 2020's depressed level.
This may be attributed to...
The Job Market Remains Surprisingly Buoyant for Bunker Traders
Despite 2020's well-documented drop in global volumes and overall slowing of the global economy, the job market for bunker traders remains surprisingly buoyant, maritime...
Oil Prices Drops 1% Over New Strain COVID Surge Ending Price...
Oil prices fell on Monday, extending losses that last week ended a rally driven by production cuts and strong Chinese demand, with the market’s...
Oil Outlook Hit Amid COVID-related Fuel Demand
Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened...
Oil Falls On Surging Virus Cases and U.S.-China Tensions
Oil prices slipped on Monday as the positive impact from COVID-19 vaccines.
OPEC+ deal on oil production cuts was undermined by surging coronavirus...
Oil Major Chevron Cuts Capital Spending Amid COVID19 Crisis
COVID-19’s seismic effect on the fortunes of tanker owners is beginning to become clearer.
Chevron Corporation is reducing its capital and exploratory budget...