Bunker Fuels

Oil prices rose in Asian trade after a US-Iran flare-up, with future talks in Qatar now in focus

Scorpio Tankers has resumed transiting the Strait of Hormuz, with an LR2 vessel chartered to deliver jet fuel to Europe.

VLCC freight rates decreased last week, while LR2 tanker rates rose on Middle East Gulf to Japan and UK-Continent routes.

Wärtsilä states that shipping companies face increased difficulty in adopting low-carbon fuels due to IMO's delayed global decarbonization…

Biofuel bunker prices for B30-VLSFO have fallen in major European and Asian ports, reducing its premium over conventional VLSFO

Saudi Arabia is increasing crude oil shipments after its Persian Gulf ports reopened following the Iran war.

Bunker fuel demand in Houston has eased, Balboa faces tight HSFO supply, and Paranagua sees extended lead times

Crude oil prices fell as shipping transits through the Strait of Hormuz accelerated, following progress on a US-Iran peace deal.

US natural gas storage levels rose by 76 billion cubic feet, exceeding market expectations and potentially impacting prices

Crude oil prices fell sharply as supply concerns eased with increased tanker traffic through the Strait of Hormuz.

Evos Rotterdam begins construction on new methanol and ethanol storage tanks at the Port of Rotterdam, expanding capacity for industrial…

The EU's 21st sanctions package against Russia targets vessels supporting the shadow fleet through bunkering services.

Crude oil prices fell as Middle East supply concerns eased, leading to a drop in China's petrochemical futures.

Veritas Petroleum Services (VPS) has launched a new webshop for its VeriSphere platform, enhancing access to marine fuel testing services.

Saudi Arabia is reactivating crude oil loading at its significant Ras Tanura terminal, signaling a broader resurgence of Middle Eastern…

Indonesia, the world's largest coal exporter, is experiencing widespread power outages due to domestic policy issues.

Bunker fuel availability is very tight in Europe and Africa, with significant lead times needed for various grades.

The Strait of Hormuz reopening has boosted oil supply, leading to weaker markets in Europe and Asia.

A supertanker operator booked a vessel from the Persian Gulf to India at nearly nine times the benchmark rate, reflecting a severe vessel…

ExxonMobil and Wallenius Wilhelmsen completed the first bunkering of a B30 VLSFO marine fuel blend from FAME distillation residue.

UAE oil exports rebounded to 85% of pre-Iran conflict levels in early June, leveraging pipelines and alternate routes.

CHIMBUSCO and Shenergy Group signed China's largest single green methanol procurement deal for 6,000 tons

Pemex and Petrobras signed an MoU to collaborate on decarbonization, alternative fuels, and carbon capture for two years

Iran's oil industry expects a slow recovery in crude output and exports, despite ongoing talks to lift sanctions.

Middle East conflict and Hormuz blockade are pushing marine fuel prices higher, increasing the appeal of alternative fuels

NYK Line has chartered VLGCs to transport low-carbon ammonia from Louisiana to Japan for JERA's power generation.

Monjasa's latest trainee group from its MOST program has graduated, with most joining the company's global offices.

Geopolitical and economic instability, coupled with regulatory uncertainty, are the top risks for the maritime industry.

The Port of Antwerp-Bruges is expanding its alternative fuel infrastructure to help shipping meet 2050 emissions goals

Oil prices fell sharply after the US reportedly eased sanctions on Iran, signaling increased crude supply.