During Week 16, MABUX World Bunker Index continued slight downward movement following general trends on global crude oil market. Forecasts for a more significant increase of SS spread up to 130-150 USD in the first half of 2021 have not yet come true, which slows down the plans for the installation and use of scrubbers […]
economy remains in the early stages of a new expansion, which should provide a tailwind for risk assets. With a healthier consumer, supportive policy and GDP accelerating, the risk of overheating that could lead to inflation also has increased. Even amidst the growing optimism, there are a few negative spots, including a series of economic […]
“China is at a key stage in which it is transitioning from rapid development to high-quality development. …Read the full story
There is little sign of slowing declines in output in the near term due to insufficient investment, Covid-19, and persistent low oil prices relative to required breakeven levels. Assuming production of other local grades does not increase, only JS can offset the falling British and Danish production of traditional North Sea grades to ensure sufficientliquidity […]
The United States has made previous attempts to reemerge as a dominant player in a rare earths supply chain that is responsible for some of the most important materials involved in electric vehicle production, battery making, renewable energy systems and technology manufacturing. It follows Biden signing an executive order in February designed to review gaps […]
In Europe, the ports of Algeciras, Antwerp, Gibraltar and Rotterdam had LPG bunkering facilities. The International Maritime Organization is targeting a 40% reduction in carbon intensity in the global fleet by 2030 compared with 2008 levels, and a 50% reduction in greenhouse gas emissions in the fleet by 2050. Unlike now, when 0.5%S fuel oil […]
The liquid West Australia to China C5, which closed at $11.368, and the Brazil to China C3, which closed at $25.205, were both highly active in volatile trading sessions. Rate levels are now closing in on the highs from last year, albeit the build-up in values this time around appear not to be taking off […]
Meanwhile, 270,000mt from US Gulf to China saw rates firm from $4.175 million at the start of the week with $4.2m agreed and with firmer markets in both West Africa and Middle East Gulf brokers feel there is potential for further increases. In the 135,000mt Black Sea/Med market rates have been under pressure and lost […]
* The U.S. * NOPA members, who handle about 95% of all soybeans processed in the United States, crushed 177.984 million bushels of soybeans last month. * Investment funds were net buyers of CBOT soybean, wheat, soyoil and soymeal futures contracts on Thursday, traders said. …Read the full story
By 2030, offshore wind projects alone could generate as much as 7 million st of new steel demand, according to a recent statement by the US Department of Interior, Energy and Commerce. On his first day in office Biden revoked the permit of Keystone XL, a pipeline owned by TC Energy, that would transport 830,000 […]
To be sure, there will be many more months of these sparky price headlines. …Read the full story
However, how far from reality is the possibility of stumbling back to the average levels noted over the past 2 years? In other words, the current momentum, albeit very bullish, is still fragile”. According to Allied’s Research Analyst, Thomas Chasapis, “for those who seek diversification, a changing market adds many challenges, especially when given the […]
Prices in Panama for marine fuel 0.5%S and marine gasoil increased slightly from April 5 to April 9, mostly pressured by oil markers, as demand in that hub was described as average or moderately firming. In Brazil, the 0.5%S recovered from a midweek fall to end without changes at $479/mt at the port of Santos. […]
Prices in Panama for marine fuel 0.5%S and marine gasoil increased slightly from April 5 to April 9, mostly pressured by oil markers, as demand in that hub was described as average or moderately firming. In Brazil, the 0.5%S recovered from a midweek fall to end without changes at $479/mt at the port of Santos. […]
Bullish sentiment for the European gas prices has eased with weather forecast for the end of April is coming closer to seasonal norms. However, the demand for storage injections keeps prices at high levels. Fuel oil 3.5 has slightly dropped as the inventories showed a considerable draw, 0.4 % reduction week on week and settled […]
Despite bumper trading and investment-banking revenue, lending by both JP Morgan and Wells Fargo fell from a year ago. …Read the full story
“This year, 20 had proved to be a bit of a floor, but what we’ve seen from the start of this month is the VIX broke down through that level and established its trading range at mid-teens, which is notable for the broader risk environment as we enter earnings season,” said Greg Boutle, U.S. …Read […]