30 Sep Fuel catalyst shows great promise on efficiency & emissions
Test runs done with a fuel catalyst called "Green Plus" show great promise in the product's ability to improve fuel efficiency and reduce harmful emissions. The company behind Green Plus, Biofriendly Corporation, is cooperating with a number of shipping companies in assessing the effectiveness of Green Plus.
In Full 25 Sep Multiple supply issues in firm ARA market
Markets in the ARA region seem to be suffering numerous operational problems this week.These problems have helped provide a little support for prices but they are by no means the only bullish factors in the market.
In Full 24 Sep Surprise OPEC cut sidelines US oil inventory gains
Without OPEC's shock news, today's weekly figures from the US Department of Energy (DOE) and the American Petroleum Institute (API) would probably have allowed oil prices to continue to trundle along near the bottom of the baseline set over the past month, with stock builds falling largely into line with market forecasts and reducing year-on-year inventory deficits.
In Full 23 Sep Crude rebounds as market looks near short-term bottom
After a month-long sharp downward movement in crude oil prices, with only the occasional correction higher, oil futures are beginning to look cheap relative to fundamentals. If speculators, once long - now short, resume buying, this could set the scene for a rebound from current levels.
In Full 22 Sep Fujairah: ENOC expands bunker tanker fleet
ENOC Bunkering (Fujairah) LLC's new vessel has boosted its monthly delivery capacity to 300,000 mt per month.
In other relevant news, EPPCO, a subsidiary of ENOC, has completed an expansion project of its Fujairah Terminal, increasing EPPCO's storage capacity at Fujairah by 50%.
In Full 22 Sep Correction: Rotterdam Vopak jetty closure schedules
An official from Royal Vopak (Vopak) informed us today that the jetty closures at their Rotterdam bunkering terminal this week are not quite as extensive as we reported on Friday. The closures are due to upgrading work, which means loading capacity at Vopak should improve in the very near future.
In Full 19 Sep Rotterdam: Vopak jetty closures confirmed, chaos anticipated
Confirmation came through today that the VOPAK loading installation in Rotterdam - the port's main loading station for bunker barges - will close 2 of its 3 loading jetties during the first half of next week and again during the first half of the week thereafter.
In Full 19 Sep Californian bunker industry lobbies Governor's office
Bunker suppliers operating in California as well as various other interest groups - notably labour unions - have been lobbying the Governor's office on behalf of SB 808. "We have sent a petition to the Governor's office, and so have other suppliers," a major player in Los Angeles told Bunkerworld.
In Full 19 Sep Singapore suppliers eye rebound after steady Friday
Mixed sentiment seemed to rule in Singapore today, with some suppliers cautious and anticipating a firming market next week, while others competed at the same price levels as yesterday even as fuel oil cargo values rebounded lightly.
In Full 17 Sep Australia: Bunker supply resuming at Port Kembla
It has been about a year since Manildra Park Pty. Ltd. bought the BHP Transport Bunkering Facility at Port Kembla south of Sydney, Australia, and about 18 months since bunker supply ceased in the port as BHP Transport decided to get out of the bunkering business. Now at last news are emerging that Manildra Park Pty. Ltd., under the trading name Port Kembla Marine Fuels, is getting ready to resume supply of marine fuels at the port.
In Full 17 Sep Upcoming OPEC meeting may halt oil price fall
Oil traders will be weary of triggering a supply cut from OPEC next week by sending oil prices into the lower end of the cartel's $22 to $28 target range. The OPEC crude basket value yesterday was $25.59 per barrel.
In Full 17 Sep Crude falls further after solid US inventory gains
Oil prices fell yesterday in anticipation of weekly US data showing gains for crude and oil product stocks and fell further today after weekly data showed bigger inventory gains than market expectations. US crude imports soared to the highest level on record.
In Full 15 Sep Californian Bunker Tax: Unanimous vote for SB 808
Senate Bill 808 (SB 808), which seeks to reinstate Bunker Sales Tax exemption in California, achieved unanimous support during votes at the end of last week, clearing the way for SB 808 to be presented to the Californian Governor's office very shortly.
In Full 12 Sep Crude falls to 4-month low
Unless crude stages a big recovery later in the day or rebounds in ACCESS trading over the weekend, the scene is set for softening bunker prices as trade resumes in Asia and Europe on Monday morning.
In Full 12 Sep California: Hearings go well for urgency Bunker Tax Bill
The hearing of Senate Bill 808 (SB 808), which seeks to reinstate Bunker Sales tax exemption in California, achieved unanimous support during the two required hearings that took place on September 10th. If SB 808 gets the required majority on the Assembly and Senate floors, it could be on the Californian Governor's desk already on Monday. Due to its urgency status, it will come into force immediately if the Governor signs it.
In Full 11 Sep New supplier active in New York
A spokesman for ConocoPhillips confirmed to Bunkerworld today that the company has begun selling and supplying marine fuels in the port of New York this week.
In Full 11 Sep August OPEC production up as Iraq tops 1 million bpd
OPEC output on the whole is up due to a rise in Iraqi production, but the 10 members producing under quota agreements actually reduced output last month, a Platts survey said. Based on a rise in output from Iraq and a lower projection for demand for OPEC's oil, it seems unlikely that OPEC will raise quotas at its September meeting.
In Full 10 Sep California: Cautious optimism on new Bunker Tax Bill
The Californian bunker industry now entertains well-founded hopes that the damaging bunker sales tax could be abolished shortly as it has the support of several state senators. A new bill, Senate Bill 808, is facing the first of 2 hearings today and later a vote at the Californian Assembly and Senate floors. If it goes through, it would be on the state Governor's desk shortly, where last year's decision to veto the bunker tax exemption seems less likely this time around.
In Full 08 Sep The Baltic in Brief
Many Baltic ports have been experiencing problems with fueloil availability lately. Overall though it seems the situation throughout the area is improving somewhat...Improved availability seems to have nudged prices marginally lower throughout the region despite a slightly firmer to steady trend throughout other major Northern European ports.
In Full 08 Sep TWI: Japan/Korea comes out on top again
With an average fuel in Korea or Japan scoring 62 points on the TWI scale, compared to 47-48 in Singapore, Viswa Lab calculates that "if the fuel cost in Singapore is $166/ton it ought to sell in Korea for $205 to $215.
In Full 05 Sep Singapore: EMMF urges barge fleet upgrade
ExxonMobil Marine Fuels (EMMF) is calling for Singapore's aging barge fleet to be replaced by modern double hull barges, and has suggested that the Singapore government should offer tax benefits to encourage the process
In Full 04 Sep Bearish oil trend underpinned as US inventories rise
What we have seen this week is a bit of a seasonal paradigm shift as we are heading for a typical off-peak quarter with regards to US oil demand. Today's figures from the DOE/API underpinned the bearish attitude this has bestowed on the crude market.
In Full 01 Sep Broker returns to Bunkerworld
It is our great pleasure to announce that Carlos Nunez has returned to the Bunkerworld and Bunkerdesk team after a year working as a broker with the well-renowned London-based bunker brokers Anderson Hughes & Co. Ltd.
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