(Bloomberg) — Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as early as this week. But don’t expect the president…
https://gcaptain.com/oil-market-sees-iran-sanctions-having-muted-export-impact/
(Bloomberg) — Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as early as this week. But don’t expect the president…
https://gcaptain.com/oil-market-sees-iran-sanctions-having-muted-export-impact/
(Bloomberg) — A surge in freight rates is prompting crude buyers in Asia to shift more purchases to Middle Eastern oil, aiding spot market prices. The jump in shipping costs,…
https://gcaptain.com/surge-in-freight-reverberates-through-the-global-oil-market/
To Get to Zero by 2050, Regulatory Details May Matter More Than Targets, states a Maritime Executive news source.
Action at the International Maritime Organization (IMO)Action at the International Maritime Organization (IMO) to regulate emissions from fuel production, and to consider all types of greenhouse gases (GHGs) — not just CO2 — is moving slowly and not receiving much attention. But these regulatory details are probably more important than the headline-grabbing...
https://mfame.guru/targets-may-not-be-enough-to-reach-net-zero-by-2050/
A recent Platts news source states that Germany broadens crude import horizons as Russian flows dry up.
Europe’s biggest oil consumerGermany, Europe’s biggest oil consumer, has more than doubled its sources of imported crude in recent months, according to shipping data, as its refiners increasingly hunt for...
https://mfame.guru/germany-expands-crude-import-options-for-this-reason/
A recent news article published in the Oil Price states that $100 oil is in vogue.
Oil market bullishSpeaking to CNBC’s...
According to an article published in Oil Price, after having a year to forget in 2020, the energy sector has this year emerged as the best-performing of all 11 U.S. market sectors.
Broadening the MarketEnergy Select Sector SPDR ETF(NYSEARCA:XLE) is up 41% in the year-to-date, making the broader market S&P 500’s 11% gain appear downright anemic. Oil...
https://mfame.guru/effects-of-shale-recovery-in-oil-markets/
A recent news article published in the Reuters by Alex Lawler reveals that oil gains after...
https://mfame.guru/oil-market-revive-after-cyberattack-in-u-s/
A recent news article published in the Yahoo Finance reveals that U.S. Shale may trigger another oil...
https://mfame.guru/u-s-shale-production-its-impact-on-oil-prices/
Spot retail bunkers pricing trended lower the week of March 15-19 throughout the Americas, tracking a sharp decline in US energy futures amid demand concerns tied to the ongoing global coronavirus pandemic, reports Platts.
Latin AmericaPanama
Latin American declines were led by Panama, which saw spot 0.5%S Marine Fuel bunkers pricing shed $35 (6.6%) from March...
https://mfame.guru/americas-bunkers-march-22-26-key-market-indicators/
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 a strongly backwardated structure in the Brent crude market discouraging storage, says an article published in S&P Global.
Floating storageFloating storage had risen around the turn of the year due to port congestion off China and southeast Asia, but that situation has eased considerably in the past few weeks, boosted by the oil market’s recent strength,...
https://mfame.guru/oil-market-strengthens-with-lowering-of-floating-storage/