Oil price Another bad day particularly for WTI as domestic pressures in the US are at present creating an unpleasant backdrop and the chart looks very wobbly indeed. The dollar strengthened on the b Read full story › Source:: Oil Voice
By hellenicshippingnews The cash differential for FOB Singapore 380 CST high sulfur fuel oil fell to minus $6.75/mt Wednesday, its lowest in over 81 months, due to ample supply and slow demand. The cash differential was last lower on November 4, 2008, when it was at minus $7.25/mt, Platts data showed. The market has seen […]
By hellenicshippingnews Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.4 million barrels per day (b/d) in July, up 120,000 b/d from the June level of 31.28 million b/d, a Platts survey of OPEC and oil industry officials and analysts showed Wednesday. Kingpin producer Saudi Arabia accounted for almost all of […]
The Panama Canal Authority (PCA) implements draught restrictions in the Canal due to the “El Nino” effect. The measures enter into force on 8 September 2015. The PCA issued their Advisory to Shipping No. A-24-2015 outlining the measures, on 7 August 2015 Read full story › Source:http://www.hellenicshippingnews.com/
