With the one third of the year already over and the Red Sea still off limits to the majority of the tanker market, we examine how crude and product trade flows Source: GIBSON SHIPBROKERS LTD
https://www.hellenicshippingnews.com/gibson-tanker-report-shifting-supply-chains/
Nearly 200 fossil fuel and chemical industry lobbyists plan to join this week’s United Nations negotiations on the first global treaty to curb plastic pollution — a 37% jump from the previous gathering in November, an analysis released on Thursday showed. The jump in registered industry...
Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world’s largest oil consumer slowed, however, a fall in U.S. crude oil inventories put a floor on those losses. Brent crude futures were down 27 cents, or 0.31%, to $88.15 a...
Oil prices sank by about $1 a barrel on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Brent futures for June delivery fell $1.15, or about 1.3%, to $89.30 a barrel by...
https://www.hellenicshippingnews.com/oil-sheds-more-than-1-barrel-after-iran-attack/
Oil rose 2% on Friday and was set for a small weekly gain, as tension in the Middle East raised the risk of supply disruptions and offset the potentially bearish impact of reduced expectations for U.S. interest rate cuts this year. Brent crude futures were up $2.19, or 2.44%, at $91.93 a barrel by...
Oil prices fell by $1 on Thursday following a major U.S. refinery outage and as sticky inflation dampened hopes for near-term U.S. interest rate cuts, but worries that Iran might attack Israeli interests kept crude near six-month highs. Brent crude futures were down 68 cents, or 0.8%, to $89.80 a...
https://www.hellenicshippingnews.com/oil-falls-on-u-s-refinery-outage-persistent-inflation/
Oil prices fell on Wednesday after U.S. government data showed crude oil and fuel inventories swelled by much more than expected on weak demand and lower oil exports. U.S. crude stocks climbed by 5.8 million barrels in the week ended April 5, more than double the about 2.4 million barrel rise...
https://www.hellenicshippingnews.com/oil-prices-fall-on-big-build-in-us-crude-fuel-inventories/
Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel withdrawing more soldiers from Gaza and committing to fresh talks on a potential ceasefire in the Middle East conflict. Brent crude futures were down 16 cents, or 0.2%, at $91.01 a barrel by...
https://www.hellenicshippingnews.com/oil-steadies-after-dip-on-middle-east-ceasefire-talks/
Much of the focus over the past few years has been on the impressive ramp up of oil production in Guyana where production is on track to rise Source: GIBSON SHIPBROKERS LTD
https://www.hellenicshippingnews.com/gibson-tanker-report-new-frontier/
Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and geopolitical tensions. Brent futures for June fell by 43 cents, or 0.5%, to $88.92 a barrel by 12:15 p.m. EDT (1615 GMT). U.S. West Texas Intermediate (WTI) futures for May fell by 57 cents, or 0.7%...
https://www.hellenicshippingnews.com/oil-falls-ahead-of-us-jobs-data-caution-on-interest-rates/