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Decision time for oil and gas companies in 2024


The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain in the spotlight as companies position to build scale and strengthen sustainability through the energy transition. Growth will make a comeback. But companies

Europe’s Ports Welcome Ten-T Agreement: Ten-T Is Putting Energy Ports On The Map


On 18 December, Parliament and Council reached a deal on the review of the TEN-T Regulation, setting the requirements for all transport nodes and modes being part of the TEN-T network. The new Regulation revises the original Regulation of 2013

Americas Fuel Availability Outlook


North America

Houston’s bunker fuel demand has remained good this week. Availability of both VLSFO and LSMGO has been tight, and some suppliers can only deliver them with a lead time of seven days. Prompt HSFO supply is also tight and

MABUX: Global bunker Prices Expected to Stabilize Next Week


The Global bunker market continued its recovery in 2023 with a moderate correction downwards following the peak values of 2022. As of December 25, 2023, the global index 380 HSFO demonstrated a notable increase of 36.14 USD, rising from 484.96

Oil demand to continue to set records in 2024


Global oil demand is due to rise by almost 2 million barrels a day (b/d) in 2024, with China accounting for over 25% of that increase according to a report by Wood Mackenzie.

The report, ‘Oil & Chemicals: Five things to

EIA expects relatively flat crude oil prices in 2024 and 2025


We forecast average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because we expect that global supply and demand for petroleum liquids will be relatively balanced over the next two years. We expect the

ENGINE: Europe & Africa Bunker Fuel Availability Outlook


Northwest Europe

LSMGO availability is good for prompt delivery in the wider ARA hub. Recommended lead times are 2-4 days for the bunker fuel grade, according to a trader.

Lead times of 5-7 days are recommended for HSFO and VLSFO in the

Singapore: Vessel Charging Concepts for Electric Harbour Craft Selected for Trials


The Maritime and Port Authority of Singapore (MPA) has selected the Pyxis Energy Pte Ltd, Pyxis Maritime Pte Ltd and SP Mobility Pte Ltd partnership, Seatrium O&G (International) Pte Ltd, and Yinson Electric Pte Ltd, for their vessel charging concepts

Green ammonia could decarbonize 60% of global shipping when offered at just 10 regional fuel ports


A study published today in IOP Publishing’s journal Environmental Research: Infrastructure and Sustainability has found that green ammonia could be used to fulfil the fuel demands of over 60% of global shipping by targeting just the top 10 regional fuel

ENGINE: East of Suez Bunker Fuel Availability Outlook


Despite average bunker demand in Singapore this week, the availability of VLSFO remains constrained, leading to extended lead times of 9-13 days. Several suppliers are facing challenges in meeting delivery schedules, contributing to longer delivery lead times.

In contrast, HSFO availability

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