Oil Market

Targets May Not Be Enough to Reach Net-zero by 2050

Credit: Methanex

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/

Germany Expands Crude Import Options For This Reason

  • Diversification to grow as EU sanctions, Rosneft takeover looms
  • Germany laps up Canadian, Libyan, Saudi crudes in recent months
  • Rosneft plant buyout to throw focus on Polish import route

A recent Platts news source states that Germany broadens crude import horizons as Russian flows dry up.

Europe’s biggest oil consumer

Germany, 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/

$100 Per Barrel, Booming Oil Price Market

  • Traders are eyeing a bullish summer for oil, and all predictive caution has been thrown to the wind.
  • With analysts in many ways catching the crypto bug and brushing those tried-and-true fundamentals under the rug.
  • Fuals are boring. Sentiment is exciting, and spreads like wildfire on social media and among a new class of amateur traders.
  • In other words, $100 oil is in vogue.

A recent news article published in the Oil Price states that $100 oil is in vogue.

Oil market bullish

Speaking to CNBC’s...

https://mfame.guru/100-per-barrel-booming-oil-price-market/

Effects Of Shale Recovery In Oil Markets

  • The energy sector has this year emerged as the best-performing of all 11 U.S. market sectors.
  • Oil prices appear to have stabilized in the upper 60s.

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 Market

Energy 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/

Oil Market Revive After Cyberattack in U.S

  • Oil rose on Monday after a cyberattack forced the shutdown of major fuel pipelines in the United States.
  • It also raised concerns about supply disruption, outweighing rising coronavirus cases in Asia.
  • Colonial Pipeline said on Sunday its main fuel lines remained offline after the attack that shut the system on Friday.
  • But some smaller lines between terminals and delivery points were now operational.

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/

U.S. Shale Production, Its Impact on Oil Prices

  • U.S. oil production may never return to the weekly peaks of 13 million barrels per day (bpd) just before last year’s market crash.
  • Drilling activity has been on the rise since the fall of 2020, and considering the lag between rising oil prices.
  • Large listed producers promise restraint, and the market, and even OPEC+, believe restraint will indeed be the case for the U.S. oil industry this year.

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/

Americas Bunkers March 22-26 Key Market Indicators

  • West Coast ports track Asia lower
  • Weaker US crude segments pressure Latin America
  • Tight supply props up New Orleans premium over Houston

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 America

Panama

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/

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 a strongly backwardated structure in the Brent crude market discouraging storage, says an article published in S&P Global.

Floating storage

Floating 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/

Oil Market Review, 26th October 2020

  • Oil fell about 2% on Libyan output, COVID-19 demand concerns.
  • Oil fell nearly 2% on Friday, finishing lower for the week, in anticipation of a surge in Libyan crude supply and demand concerns caused by surging coronavirus cases in the United States and Europe. 
  • A surge in new COVD-19 cases in the US and Europe leads to a fall in oil prices.

Crude prices sank after Libya’s National Oil Corp (NOC) said it lifted force majeure on exports from key ports and output would reach 1 million barrels per...

https://mfame.guru/oil-market-review-26th-october-2020/

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.