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Supply/Demand News Search News Archives
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11 hrs agoSri Lankan bunker operations unlikely to be impacted by monsoon in JulyBunker operations in Sri Lanka were expected to be normal in July, with moderate demand as the monsoon season continues, sources said, adding that sales have been lower of late than seen during a busy June.
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11 hrs agoOIL FUTURES: Crude drops over 7% as recession fears mountCrude oil futures plunged more than 7% during midmorning New York trading July 5 with NYMEX WTI falling below $100/b as recession fears flooded the market amid the return of US traders following a long holiday weekend.
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11 hrs agoOIL FUTURES: Prices drop sharply as recession fears eclipse global supply concernsCrude prices moved sharply lower July 5, with ICE Brent dropping 9.5%, as recession fears fueled demand growth concerns, overshadowing continued global supply tightness.
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11 hrs agoGlobal airline capacity breaks 100 million seats mark: OAGScheduled global airline capacity rose about 1.5 million seats, or 1.5%, to 101.4 million seats for the week started July 4, with many regions registering small increases, aviation data company OAG said, indicating rising jet fuel demand.
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19 hrs agoFront month open interest for Singapore ICE HSFO contracts falls 16% in JuneMarket sources said Asia could also be one of the major destinations for Russian HSFO cargoes after the West placed sanctions on Russian oil imports.
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19 hrs agoTight marine fuel 0.5%S supply in June, refiners focus on gasoline, distillates outputThe Asian marine fuel 0.5%S market is unlikely to weaken in July despite a drop in Singapore 10 ppm gasoil crack spread, traders said.
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19 hrs agoREFINERY NEWS ROUNDUP: Incidents, strikes at plants in EuropeItaly's Sarroch refinery was operating normally after a fire late June 25 on equipment taking solid sulfur to silos at the complex, the company said June 27.
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20 hrs agoZhoushan-Singapore delivered bunker spread narrows to seven-month lowThe bunker supplier also added that the tight LSFO supply situation in China is recovering at a quicker pace compared to Singapore, thus the firmer bunker prices at the world's largest bunker hub.