Bunker Fuels

KR and Hanwha Ocean are partnering to develop two 18,000 cbm LNG bunkering vessel designs with varied containment solutions

Global conflicts are increasing crude oil market volatility, leading Asia and Europe to boost US crude imports

Bunker Holding is restructuring leadership at KPI OceanConnect and Glander International Bunkering to boost commercial capabilities.

US crude oil inventories unexpectedly rose by 7.140 million barrels, defying forecasts for a decline

Hanwha Power obtained AiP from ABS for a 22,000 cbm LNG and ammonia multi-cargo bunker vessel concept.

Bunker fuel availability is tightening in Singapore and Malaysia, with VLSFO lead times extending to 13-16 days.

Road haulage for small oil and gasoline cargoes has surged in the Persian Gulf due to Hormuz Strait risks and time savings.

The UK could supply half its oil and gas needs domestically with government support, according to a new industry report.

Hedge funds and money managers increased their net-long positions in ICE Brent crude futures, signaling expectations of higher oil prices

China used its crude oil reserves in August as refinery processing outpaced imports, marking the third drawdown recently

Monjasa has welcomed nine new trainees to its two-year global bunker trading program, expanding its international office rotations.

A GCMD study reveals that current documentation may not prevent under-blending of marine biofuels, affecting regulatory compliance.

Marine biofuels offer a near-term decarbonization path for shipping, but feedstock scarcity is hindering their expansion.

China is expected to keep its current oil product pricing mechanism despite rising crude freight and insurance costs.

A tanker shipping ETF has seen significant gains, driven by geopolitical tensions and increased crude oil transport demand.

Kenya's Dangote-backed Lamu refinery is advancing rapidly, with groundbreaking expected by late September for a 2030 commissioning.

Singapore's total bunker sales in August fell by 3.9% year-on-year, primarily due to reduced VLSFO demand

Singapore's residual fuel oil stocks increased by 7% in September, reaching 20.36 million barrels, despite lower net imports

Russia imported a record 172,000 tonnes of oil products in August, including gasoline, from India.

MOL Group's SeaLoading secured a long-term contract with Petrobras for offshore crude oil transfer services in Brazil

A major Saudi pipeline outage could stop oil exports within days, threatening 4% of global supply.

Africa, long dependent on imported refined oil products, shows emerging potential to become a significant exporter.

Aframax tanker rates from Vancouver to China surged to an all-time high due to strong global demand and tight vessel supply.

Africa's refining sector struggles with a history of unfulfilled projects, leading to heavy reliance on imported refined products.

China's reduced oil imports are stabilizing global energy prices despite Middle East tensions and Strait of Hormuz disruptions.

Oil tanker freight rates have reached record levels due to a recent wave of attacks on shipping during the US-Iran conflict

US-facilitated transits through the Strait of Hormuz have enabled Persian Gulf crude exports to exceed 10 million barrels per day

Adria Ferries reported a 2-3% fuel consumption reduction on its AF MIA ferry after applying Propspeed's foul-release coating.

India's crude oil imports saw a 13% year-on-year increase in July, averaging 5.1 million barrels daily.

Goldwind Green Energy's new Inner Mongolia plant completed its first green methanol trial, with 500 tonnes bound for South Korea