Commodities News

The oil price rebounded on March 1, 2021, before retreating slightly, after the US House of Representatives authorized a $1.9trn (£1.36trn) stimulus package over the weekend. Brent...

Global demand for oil-based marine fuels is set to fall in the next three decades as stricter carbon emissions rules for the shipping industry kick in and alternative fuel use...

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) changed insignificant and irregular on Feb.26: 380 HSFO – USD/MT –...

Trading in 0.5% Marine Fuel Oil (MFO) and Wet Freight contracts hit record levels this month, a year after the introduction of cleaner global shipping rules, the Intercontinental...

Oil prices rose more than $1 on Monday, supported by optimism over COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite restrictions...

Major oil producers will put their negotiation skills to the test when they meet to discuss production levels in early March. The gathering comes as Saudi Arabia and Russia, two of...

The chance of OPEC and its allies agreeing to increase crude output by 1.5 million b/d for April will hinge on a successful rollout of the COVID-19 vaccines and its impact on...

China’s Zhejiang province in the eastern coast aims to have 90 million mt/year refining capacity by 2025 from 51 million mt/year in 2019, suggesting that Zhejiang Petroleum &...

The price of gold early Friday morning this past week touched $1720. At that level it was down $350 per ounce from its high point of $2070 last August.

The black viscous hydrocarbon gained more than a dollar at the first trading session of the month of March. Oil traders are going bullish thanks to growing positivity that the...

The world’s largest oil companies are set for a cash flow bonanza this year, probably at record levels, as massive cost cuts in the wake of the 2020 oil price and oil demand...

Total inventories will start March down to 1.8 Tcf, but warmer temperatures are expected to weigh on demand so storage draws could be weak.

The tanker market could find support from the potential return to the market of Iran, Venezuela and of course shale oil in the US. In its latest weekly report, shipbroker Gibson...