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OPEC: Anything Less Than 100 Percent Compliance in Oil Cutback Deal Is Not Satisfactory

ABN Amro Bank says a failure to extend the OPEC oil deal could send crude back into the $30's.

Danish Maritime Conference to Focus on Scrubbers, Tightening Sulfur Regs

Danish Maritime and MARCOD are hosting the conference in Aalborg on April 25.

Saudis Lose South Korea Oil Market Share to Iran as Iraq Accelerates Its Own Export Plans

Preliminary customs data published by the website show that Iran exported around 1.79 million tons of crude oil to South Korea in January

Oil Pollution Spotted After Tanker Runs Aground off Japan

Sagan grounded on an island in Kagoshima Prefecture on Saturday. The Japan Co

Suncor Boosts Output in the Canadian Oil Sands as US Production Heads Towards a 500,000 bpd Increase

OPEC's cutback scheme and other factors are cited as the reasons for the increases on both sides of the border.

Hong Kong Conducts 166 Surprise Vessel Inspections for ECA Reg Compliance

Hong Kong Secretary for Environment, Wong Kam-sing, says 166 OGV inspections had been completed as of January.

China's ECAs Has Had Minimal Impact on Vessel Operators: Market Sources

The 2017 extension of China's ECAs has had minimal impact on vessel operators, say sources.

Crude Falls Again Amid Suggestions That OPEC Cutback Deal Isn't Enough to Revive Market

As West Texas Intermediate on Thursday dropped in price by 34 cents to settle at $53.54, analysts suggest that the Organization of the Petroleum Exporting Countries' (OPEC) cutback agreement – which earlier this week was heralde

Western Australia Trade Routes the "Perfect Place" to Drive Transition to LNG Bunkers, Says Woodside

Woodside says trade routes from northern Western Australia are the "perfect place" to drive the transition to LNG bunkers.

Troubled Rickmers Maritime Sells Vessel

RMT says it has entered into an agreement for the sale of the vessel Kaethe C. Rickmers.

Trump Tax Reforms Could Cause Oil Production Surge: Goldman Sachs

Goldman Sachs believes Trump's proposed tax reforms may result in a 25 percent upward surge of West Texas Intermediate futures

New Large Capacity Tanks to Support China's Uptake of LNG Bunkers

CIMC Enric has designed large-capacity LNG tanks intended to support the uptake of LNG as fuel.

Trump's America Energy First Plan Greeted Politely by OPEC, Russia

Trump is the latest in a long line of U.S. presidents vowing to promise energy independence.

Yang Ming Recapitalisation Plan to Utilise Taiwan Government Funds

Yang Ming Monday announced it has implemented a recapitalisation plan. Yang M

Giuseppe Bottiglieri Shipping Requests Court Protection From Creditors, but Says It Has No Problems Making Payments

Italy's Giuseppe Bottiglieri is seeking protection from creditors while completing the process of restructuring its business.

Hammonia Vessel Ready to Use Alternative Marine Power at Hueneme

Sealand Los Angeles can now use AMP while at the Port of Hueneme. Germany-bas

3 Mins Daily Market Report

Oil prices edged up on Monday, supported by statements from oil producers over the weekend that a output cut was being successfully implemented, but markets were held back by a surge in drilling that suggested U.S. output would rise further. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0016 GMT, up 8 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents at $53.30 a barrel. U.S. energy compan

SENER Takes "Revolutionary" LNG Bunker Vessel Design to Amsterdam

Sener will present its bunkering vessel design at the LNG Bunkering Summit 2017.

3 Mins Daily Market Report

U.S. oil climbed for a second day on Friday underpinned by expectations of tighter supply, but prices remained in a range as they were pressured by rising U.S. inventories. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 20 cents at $51.57 per barrel at 0038 GMT. Brent crude was yet to trade. The International Energy Agency (IEA) said that while it was "far too soon" to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world

3 Mins Daily Market Report

U.S. oil on Thursday moved away from one-week lows touched the session before, with investors turning their attention to upcoming government data on U.S. inventories. Sentiment in oil markets has been torn between expectations of a rebound in U.S. shale production and hopes that oversupply may be curbed by output cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and others. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 38 cents at $51.46
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