oil

EU Trading System’s Impact On LNG Dynamics

Oil markets faced a significant setback as Brent crude plummeted 4% to $75.65 per barrel, triggered by Saudi Arabia’s decision to cut oil export prices for February. This decline is compounded by concerns about global oil supplies and economic uncertainties.

Brussels’ Energy Landscape Ahead of Elections

Brussels experiences a subdued discourse on energy security amidst political preparations for upcoming EU elections. The focus is on the EU’s revamped gas supply dynamics, decreased reliance on...

https://mfame.guru/eu-trading-systems-impact-on-lng-dynamics/

EU Trading System’s Impact On LNG Dynamics

Oil markets faced a significant setback as Brent crude plummeted 4% to $75.65 per barrel, triggered by Saudi Arabia’s decision to cut oil export prices for February. This decline is compounded by concerns about global oil supplies and economic uncertainties.

Brussels’ Energy Landscape Ahead of Elections

Brussels experiences a subdued discourse on energy security amidst political preparations for upcoming EU elections. The focus is on the EU’s revamped gas supply dynamics, decreased reliance on...

https://mfame.guru/eu-trading-systems-impact-on-lng-dynamics/

Unprecedented Influx Of Supertankers Signals Booming US Oil Exports

The reported increase in the number of supertankers heading to the US to collect oil reveals several key dynamics within the global oil market, says an article published on yahoo website.

Record Number Of Supertankers 

According to Bloomberg’s data, there’s a surge in the number of supertankers bound for the US within the next three months. This is notably the highest recorded influx in at least six years.

Changing Energy Landscape

The increased flow of vessels reflects the evolving dynamics in the...

https://mfame.guru/unprecedented-influx-of-supertankers-signals-booming-us-oil-exports/

Oil Prices Dip on Profit-Taking Despite Tighter U.S. Supplies

Credit: john-cameron-unsplash

Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter U.S. crude supplies and China’s pledge to reinvigorate its economic growth, reports Yahoo.

Oil price

Brent futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a barrel.

Prices pared gains late in the session after both contracts had risen by over $1 a barrel. Market participants took advantage of the higher...

https://mfame.guru/oil-prices-dip-on-profit-taking-despite-tighter-u-s-supplies/

Oil Price Increases By 3% As Recession Fears Fade

Credit: galen-crout-0ZGLna-unsplash

Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view that crude’s recent price slide was overdone with three straight weekly declines for the first time since November, says an article published on Hellenicshippingnews.

Labour market strength

A healthy U.S. jobs report for April helped oil to climb by about 4% on Friday even though labour market strength could compel the Federal Reserve to keep interest rates higher for...

https://mfame.guru/oil-price-increases-by-3-as-recession-fears-fade/

Global Bunker Demand Set To Grow As Seaborne Trade Recovers

Credits: SP Global

The outlook for 2023 is for higher global bunker fuel consumption on the back of longer expected sailing distances for vessels after sales at the key bunker hubs of Singapore and Fujairah fell in 2022, reports SP Global.

The first oil and gas auction

US Gulf of Mexico Lease Sale 259, held at the end of March, was closely watched as the first oil and gas auction offered in that area since November 2021. And given that expectations weren’t too high, the auction actually turned...

https://mfame.guru/global-bunker-demand-set-to-grow-as-seaborne-trade-recovers/

+ 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.