Oil Advances as Markets Assess Texas Return Before OPEC+ Meet
Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas.
Asia middle distillates: Key market indicators this week
The Asian middle distillates market is set to enter the week of Feb. 22 amid cautious fundamentals as traders find their way forward.
Asia petrochemicals outlook, w/c Feb 22
New York —
Korea Shipbuilding wins 540 bln won in orders from Asia, Europe, Africa
Korea Shipbuilding & Offshore Engineering Co. said Monday that it has bagged orders worth a combined 540 billion won (US$489 million) from Asia, Europe and Africa.
Global Hedge Funds Predict Jump In Oil Prices, As Brent Crude Picks Up
The world’s major hedge funds are betting on a jump in oil prices.
ANALYSIS: Global crude supplies set for quality shift as OPEC+ unwinds pandemic cuts
Oil supplies from OPEC and its key producer allies are set to begin flooding back to the market this year, triggering a shift in global crude quality which could bring welcome relief to swathes of embattled refiners struggling to turn a profit in the wake of the pandemic-trigged demand collapse.
MABUX: Bunker market this morning, Feb.22, 2021
Correlation between the Market Bunker Price Index (MBP) vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Feb.19 remained undercharging of 380 HSFO bunker grades in all selected ports ranging from minus 4USD (Houston) to minus 28USD (Rotterdam).
Biden interior pick Haaland’s fossil fuel stance draws GOP opposition
Interior Secretary-designate Deb Haaland’s opposition to fracking, early endorsement of the Green New Deal and participation in protests against an oil pipeline in South Dakota have made her one of President Joe Biden’s most controversial cabinet nominees.
Commodity prices have been trending higher — but how long the rally lasts depends on China
Commodity prices are going up but whether that continues for an extended period of time — known as a supercycle — depends on China, an economist said Thursday.