During Week 24, the MABUX global bunker indices showed robust growth across all segments. The 380 HSFO index rose by 7.74 USD, moving from 536.75 USD/MT last week to 544.49 USD/MT. The VLSFO index increased by 10.97 USD (633.73 USD/MT

EU allowances are showing some signs that the gas-driven rally may be running out of steam, as a rebound in Norwegian North Sea production relieves energy supply fears. The UK ETS also snapped its weeks-long winning streak as speculative buying

New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector

Growth in the world’s demand for oil is expected to slow in the coming years as

In the latest report from Integr8 Fuels, bunker quality and claims manager Chris Turner advises shipowners and bunker buyers on how they can improve their buying processes and performance. Tapping into the world’s biggest bunker fuel quality sample database,

Turner reveals

Singapore and Malaysia

Bunker demand has been relatively quiet in Singapore this week. Lead times for VLSFO have fluctuated lately, with most suppliers now indicating up to 11 days. However, some suppliers can accommodate stems in as little as two days.

Crude Oil Price Movements

In May, the OPEC Reference Basket (ORB) declined by $5.53, or 6.2%, m-o-m, to average $83.59/b. Oil futures prices declined, with the ICE Brent front-month contract falling by $6.00, or 6.7%, m-o-m, to average $83.00/b, and the

The study is part of a series on greenhouse gas (GHG) emission studies in the maritime sector to reflect ongoing discussions about alternative fuel developments throughout the marine fuels value chain. This “1st Life Cycle GHG Emission Study on the

MW-class marine engine combustion technology that uses ammonia, a future renewable energy source, as fuel will be applied on-site for the first time in Korea. The ship engine fueled by ammonia is expected to accelerate its competitiveness in the global

Our recently released Global gas strategic planning outlook (SPO) identifies three distinct phases of LNG market growth through the coming decade. First, continued market volatility over the next couple of years as limited supply growth amplifies risk. This is followed

Clean

LR2

MEG LR2’s saw freight take another tumble this week. Much of the industry has been in Posidonia enjoying the festivities. The TC1 rate for 75kt MEG/Japan dropped another 10% to WS203.61 and the 90kt MEG/UK-Continent TC20 voyage is went from