Oil Price Surge

KPI OceanConnect Warns of Bunker Quality Issues Amid Price Surge

  • Some of the bunker quality problems anticipated before the IMO 2020 transition may now come to pass as oil prices surge this year.
  • The collapse in demand for jet fuel and for road fuels caused by COVID-19 meant that some of these could have made their way into the marine fuel blending pool.

Bunker fuel quality problems may become more common this year as demand recovers for other transport fuels, writes George Collard for Argus Media quoting the trading firm KPI OceanConnect.

Dominant bunker...

https://mfame.guru/kpi-oceanconnect-warns-of-bunker-quality-issues-amid-price-surge/

Oil Price Roller Coaster Month Ends With High Surge on the Last Day!

According to a Reuters report, oil prices jumped last Thursday, after several producers said they would cut output as signs of the U.S. crude glut was not growing as quickly as many had feared brought an upbeat close to one of the most volatile months for oil trading in history.

Key Developments That Lead To This
  • Fuel demand worldwide slumped about 30% in April.
  • Even after major oil producers led by Saudi Arabia agreed to slash production by nearly 10 million barrels per day (bpd), U.S. crude...

https://mfame.guru/oil-price-roller-coaster-month-ends-with-high-surge-on-the-last-day/