Japan's Bonded Bunker Sales Fell Almost 11% in May
Data released Monday shows Japan sold 1.418 million barrels of bonded bunker fuel in May.
Japan sold 1.418 million barrels of bonded bunker fuel in May, which is down 10.7 percent from the previous month.
Japan's Ministry of Economy, Trade and Industry\u00a0Monday released data showing that the country sold 1.418 million barrels of bonded bunker fuel in May, a reduction of 10.7 percent from the previous month, and down 23.2 percent year on year.\u00a0Platts reports.
April bonded marine diesel oil sales reportedly dropped 0.6 percent from April, but rose to 51,572 barrels, or 80.5 percent year on year.
Japan is said to have imported 31,373 barrels of the tax exempt\u00a0bunker fuel for May, which is down 61.2 percent year on year.
Skangas duel fuel LNG carrier Coral Energy (image credit/Skangas)
Liquified natural gas (LNG) bunker tanker Coralius has made its first trip loading and delivering LNG to and from Norwegian ports, according to trade press reports.
The 5,800 cubic meter capacity tanker, which is owned by Norwegian gas company Skangas, was delivered to the company in June. Skangas also operates LNG carrier Coral Energy.
OPEC Cutback Extension to be Discussed in November, But Developments Could Render Any Deal Meaningless
Analysts say everything from Saudi exploration to rising tensions with North Korea could radically alter the dynamics of the international market. File Image / Pixabay
Ever since the Organization of the Petroleum Exporting Countries (OPEC) extended the duration of its production cuts earlier this year to March of 2018, speculation has been rampant that the meager cutback volume coupled with the large number of members