Brent oil resumed gains as the market assessed the fallout from the big freeze across Texas.
The Asian middle distillates market is set to enter the week of Feb. 22 amid cautious fundamentals as traders find their way forward.
New York —
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.
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 are going up but whether that continues for an extended period of time — known as a supercycle — depends on China, an economist said Thursday.
The world’s major hedge funds are betting on a jump in oil prices.
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.
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).