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20-06-2016

3 Mins Daily Market Report

U.S. oil prices rose on Friday for the first time in a week as the dollar fell and investors cautiously bought some riskier assets as anxiety eased about Britain's possible exit from the European Union. But crude futures still posted a weekly loss after daily declines Monday through Thursday. Brent crude futures were up $2.05, or 4.3 percent, at $49.25 a barrel, after slumping 3.6 percent in the previous session. U.S. West Texas Intermediate crude futures settled 3.8 percent higher, or $1.77,
17-06-2016

3 Mins Daily Market Report

U.S. oil prices slumped more than 2 percent to close at a five-week low on Thursday, as the dollar's rally on fears of Britain's exit from the EU hammered commodities priced in the currency. Brent crude fell $1.67, or 3.4 percent, at $47.29. The session low of $47.09 marked its lowest price since May 12, after touching an eight-month high of nearly $53 a barrel a week ago. Front-month U.S. crude futures settled at $46.21 a barrel, down $1.80, or 3.8 percent. The sixth straight day of decli
16-06-2016

3 Mins Daily Market Report

Oil prices fell on Wednesday, chalking up their fifth straight daily decline, as global markets slid on worries that Britain might leave the European Union. U.S. crude ended Wednesday's session down 48 cents, or 1 percent, at $48.01. Brent crude futures fell 96 cents, or 1.9 percent, cents at $48.87 a barrel, after trading as low as $48.67 earlier.  Crude futures pared losses after U.S. government data showed a draw in crude stockpiles. They briefly clawed back back more ground after the F
15-06-2016

3 Mins Daily Market Report

U.S. oil fell for a fourth day on Tuesday, swept lower by concern over next week's vote on Britain's possible European Union exit, which overshadowed signs of a return to health for crude prices. Brent crude oil futures were down 57 cents, or 1.1 percent, to $49.78 a barrel. U.S. crude futures settled 0.8 percent lower, or 39 cents, at $48.49 a barrel. Safe-haven German Bunds yields fell below zero for the first time, while industrial commodities and equity markets, seen as more vulnerable
14-06-2016

Latest FOE Report Bemoans Cruise Industry's Failing Environmental Efforts, CLIA Calls it "Misleading and Inaccurate"

CLIA responded to the newest FOE Cruise Ship Report Card, which was released Thursday, calling the report "misleading and inaccurate."
14-06-2016

3 Mins Daily Market Report

U.S. oil prices closed off session lows on Monday as the dollar rally lost momentum, though gloomy economic prospects in Europe and Asia weighed on crude futures. Brent crude oil futures fell 24 cents at $50.30 per barrel, after striking a session low of $49.61. U.S. crude settled 19 cents lower, or 0.4 percent, at $48.88 a barrel, having earlier fallen to $48.16. The softening comes a week after crude prices hit 2016 highs on the back of a quicker-than-expected rebalancing in physical oil
13-06-2016

3 Mins Daily Market Report

U.S. oil prices fell about 3 percent on Friday as the U.S. rig count rose for the second straight week and as a strong dollar again weighed on demand for crude futures. Brent fell $1.43, or 2.8 percent, to $50.52 per barrel. U.S. crude futures settled 2.9 percent lower, or $1.49, at $49.07. A slide in equity prices on Wall Street also pressured futures of Brent and U.S. crude's West Texas Intermediate (WTI).  The number of rigs operating in U.S. fields rose by 3 to 328 in the previous w
10-06-2016

3 Mins Daily Market Report

U.S. oil prices fell on Thursday, snapping a three-day rally after notching another 2016 high, as a strong dollar sparked profit-taking in crude futures by investors. Brent traded 62 cents, or 1.2 percent, lower at $51.88 a barrel, after setting a 2016 high of $52.86 a barrel earlier in the session. U.S crude settled 67 cents lower, or 1.3 percent, at $50.56 a barrel after also hitting a new 2016 high at $51.67.  Continuous threats by militants against Nigeria's oil industry and fear of mo
09-06-2016

Iran Aims For International Shipping Comeback With $2.4 Billion in New Ship Deals

Islamic Republic of Iran Shipping Lines is looking to add a number of vessels to its fleet
09-06-2016

3 Mins Daily Market Report

U.S. crude futures rose for a third consecutive day on Wednesday, closing at new 2016 highs on supply outages led by the sabotage of oil facilities in Nigeria.  U.S crude settled 87 cents higher, or 1.7 percent at $51.23 a barrel, having hit $51.34, the highest level since July, earlier in the session. Global benchmark Brent rose by $1.07, or 2.1 percent, at $52.50 a barrel, after striking a high going back to Oct. 12.  U.S. crude stocks fell for the third consecutive week to June 3, slidi
08-06-2016

9% Non-Compliance in New Shanghai ECA

Shanghai MSA says 10 out of 108 vessels inspected for ECA compliance in April and May were found to be in violation of the at berth regulations.
08-06-2016

3 Mins Daily Market Report

U.S. oil prices continued their climb on Tuesday, as expectations of U.S. crude draws underpinned a market already worried about potential supply shortages from attacks on Nigeria's oil industry. Brent was up 86 cents at $51.41 a barrel, having hit an intraday peak of $51.30 earlier in the day, their highest since October. U.S crude settled 1.4 percent higher, or 67 cents, at $50.36 a barrel, posting its first close above $50 since late July. Analysts expect U.S. crude stockpiles fell by 3
07-06-2016

GAC to Launch Bunker-Saving HullWiper in Rotterdam

GAC EnvironHull says the HullWiper will be made available at the Port of Rotterdam next month.
07-06-2016

India's First Solar Powered Ferry Expected to Launch in August

The solar ferry is expected to make savings of INR 3 million ($45,000) per year in bunker costs - image courtesy of NalAlt
07-06-2016

3 Mins Daily Market Report

U.S. oil prices rose on Monday as Nigeria's oil industry reeled from crippling attacks and traders cited data pointing to fresh draws in U.S. stockpiles.    Brent was up 75 cents, or 1.5 percent, at $50.39 a barrel by 2:21 p.m. EDT (1645 GMT), after reaching a session peak of $50.83, the highest since November. U.S. crude settled 2.2 percent higher, or $1.07, at $49.69 a barrel, posting its best close since July 21, after an intraday high at $49.90.    Global oil benchmark Brent init
06-06-2016

LR: New HMD Bunkering Vessel Design "Vital Next Step" for LNG Bunkering Capability

LR says HMD's new design for a 6,600 m3 LNG bunker vessel is "vital next step" for the global LNG bunkering network.
06-06-2016

3 Mins Daily Market Report

U.S. oil prices tumbled more than 1 percent on Friday, after weekly data showed U.S. drillers added rigs for only the second time this year.    Brent fell 30 cents to $49.74 per barrel, but were still almost double January lows and on track for an eighth weekly gain in nine weeks. U.S crude settled 55 cents lower, or 1.1 percent, at $48.62 a barrel.   Drillers added nine oil rigs in the week to June 3, Baker Hughes said. The closely followed report rekindled fears that U.S. shale dri
03-06-2016

Pre-Vienna Rumour Mill Cranks Up With Freeze Talks Trumpeted Yet Again

OPEC will consider a new oil output ceiling at its Vienna meeting on Thursday, according to rumour.
03-06-2016

Properly Enforced Environmental Regulations are a Competitive Advantage: WWL

Anna Larsson, Global Head of Sustainability at WWL While there has been some
02-06-2016

Paris MoU Port State Control to Focus on MARPOL Annex VI Compliance

Paris MoU's concentrated air pollution inspection campaign is scheduled to run in 2018
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