Crude oil prices experienced heightened volatility during 1H25, largely driven by geopolitical developments in the Middle East and Eastern Europe, as well as uncertainty surrounding US trade policy toward key economic partners. These developments weighed on market sentiment and contributed

Crude oil production from onshore federal lands has increased in recent years as a result of significant growth in drilling activity and operations. According to data collected by the U.S. Department of the Interior's Office of Natural Resources Revenue, onshore

Clean

LR2
LR2 freight in the MEG remained balanced this week with rates stable. The TC1 75kt MEG/Japan index stayed in the high WS120’s to Low WS130’s. A TC20 90kt MEG/UK-Continent trip also hovered around the $3.7mill mark.

West of Suez, Mediterranean/East

Oil demand isn’t going away any time soon. That’s the overwhelming verdict of the many CEOs of international (IOC) and national oil companies (NOC) speaking at this week’s 9th OPEC International Seminar in Vienna. It’s a view we share. But

North America

Bunker fuel demand has remained steady in Houston this week. HSFO availability is firm, and prompt delivery is possible within lead times of 4–5 days.

Both VLSFO and LSMGO are available within the recommended lead times of 5–7 days.

The shortest

It’s become more apparent that the OPEC+ production increases are more moderate than some had feared. Between March and June, the eight OPEC+ member states with additional voluntary production cuts (V8) increased their production quota by 959,000 barrels per day

Following recent reports that energy efficiency technologies are underperforming by up to 40 per cent, Oceanly, a leading provider of digital solutions for the maritime industry, has reported a 60 per cent success rate from its ECOPAC energy optimisation system.

As

At the close of Week 30, the global bunker indices tracked by MABUX displayed mixed dynamics. The 380 HSFO index edged down by 1.04 USD, dropping from 466.85 USD/MT to 465.81 USD/MT, and remained well below the 500.00 USD threshold.

In a groundbreaking development for the global marine fuels industry, leading shipping and bunkering companies have come together to launch a Bunkering Services Initiative focused on solving the widely reported issues of fuel quantity shortages and fuel quality opacity across

Northwest Europe

All bunker fuel grades are now readily available in the ARA hub, a trader told ENGINE. Lead times have reduced to 5-7 days for all grades, remaining stable for VLSFO and down from last week's 9-10 days for HSFO