Solid economic growth trends have continued in recent months, with particularly positive trends recorded in the US, Brazil and Russia. Additionally, Chinese stimulus measures and sustained growth momentum in India have contributed to supporting global economic growth. With these developments,

Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore production, reached a record 11.3 million barrels per day (b/d) in November 2024, according to our estimate in the latest Short-Term Energy Outlook (STEO) published

In the second edition of the SMF Fest Confidence Index, published yesterday, biodiesel topped the poll, pushing the 2023 winner, LNG-biomethane, into second place, while LNG e-methane retained its third position in the rankings.

Apart from the three frontrunners, confidence levels

2025 oil surplus

Oil prices have come under a fair amount of pressure this year, with the market worried about demand and the surplus outlook for 2025. Even after a handful of OPEC+ members decided to further delay the return of

Clean
LR2
MEG LR2’s dipped a little this week, however there has been enough enquiry to prevent complete crumbling of the market. TC1 75kt MEG/Japan lost 3.06 points to WS106.94. A trip West on TC20 90kt MEG/UK-Continent shed $212,500 to

In the fourth instalment of our six-part series uncovering the FuelEU Maritime Regulation, we examine the steps required to achieve compliance with the regulatory requirements and review how the adjustment mechanisms of borrowing, banking and pooling work.
COMPLIANCE – What

North America

Bunker fuel availability in Houston remains tight across all grades, despite low demand in recent days, according to a source. Suppliers generally require lead times of 7-9 days for VLSFO and LSMGO deliveries, while HSFO could take more than

The world could not function without crude oil and its associated products. For consumers, it delivers gasoline, diesel and a host of other transportation fuels, and enables the development of plastics, pharmaceuticals, medical supplies and much more. For producers, the

India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year, according to our December Short-Term Energy Outlook (STEO). China's oil consumption grew by more than India's in almost every

Over the 51st week, the MABUX global bunker indices experienced moderate growth. The 380 HSFO index increased by USD 5.22: climbing from USD 512.10/MT last week to USD 517.32/MT, remaining above the USD 500 mark. The VLSFO index increased by