30 Apr Crude rebound continues after modest US stock build
Weekly inventory figures from the US Department of Energy have not really allowed the bears back into the market because they showed a smaller-than-expected increase in stocks of crude, although the bulls were kept in check as gasoline inventories surged well beyond expectations.
In Full 28 Apr Crude prices: Bulls still on the defensive
The predominance of bearish feeling was attributed to the large US crude build reported last week, OPEC's decision to cut production but also raise quotas, and expectations that the spread of the deadly disease SARS will undermine economic growth and thus oil demand.
In Full 28 Apr New generation mega-barge to launch in ARA this week
The main advantages of the Maxima, like the Vlissingen, is that these barges will comply with expected double-hull demand for tankers of this size when such legislation comes into force, and that the barge can cater to the growing demand for large bunker stems which previously had to be delivered using 2-3 barges.
In Full 24 Apr Crude falls after surprising OPEC decision
If oil trading was an on-going football match, the result so far this week would be 3-0 to the bears. OPEC provided what was perhaps an own goal from the bulls with today's unexpected quota decision.
In Full 24 Apr Singapore fuel oil stocks at record low
Reports of tight avails for fuel oil in the Singapore bunker market were supported today by weekly data showing that the island state's on-shore inventories fell to their lowest level since records began.
In Full 23 Apr Crude dives as US crude inventories soar
US crude imports surged to an all-time high last week, boosting stocks of oil well beyond market expectations. Even so, US crude inventories remain around 25-35 million barrels below levels seen in mid-April for the past 2 years.
In Full 22 Apr Norway leads the way on places of refuge
Norwegian authorities are better prepared than most to reach a quick and rational decision on whether a vessel in distress should be sent further out to sea or allowed to enter a place of refuge.
In Full 17 Apr MOBCO winds down as brokers join OceanConnect
Bill Wakeling, Managing Director and joint founder of MOBCO in 1984, confirmed today that the company is winding down its business, just as OceanConnect announced that it has hired most of MOBCO's London team.
In Full 17 Apr OceanConnect Hires Four Top Brokers
OceanConnect President Thomas K. Reilly announced today that Bill Wakeling, Robin Sargeant, John Bright and Jackie Gooby have joined OceanConnect effective immediately.
In Full 11 Apr New generation mega-bunker tanker christened in Rotterdam
With the construction of the Vlissingen, Verenigde Tankrederij is keeping pace with developments in shipping. Ever larger ocean ships have to be unloaded, loaded and provided with fuel oil at a faster pace. Larger fuel tanker ships are the answer to this latest demand.
In Full 08 Apr Eyes peeled for US inventory data
The market is anticipating further growth in US oil stocks, continuing the trend of the past two weeks. If those expectations are not met, crude prices should get a boost.
In Full
