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Trafigura Grows Trading Volumes Amid Crude Oil Oversupply, Volatility
Dec 15, 2015Switzerland-based commodity trading house Trafigura said Monday that falling oil prices, significant volatility, structural oversupply and the emergence of contango price structures have created significant opportunities in the crude and ...
Tags: Trafigura, oil prices, crude oil
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Tankers: Rush of North Sea VLCC Fixtures Could Spell Trouble for Aframaxes
Nov 25, 2015Three VLCC fixtures to lift Forties crude from Hound Point, Scotland, in recent days could hit Aframax freight rates in the North Sea in coming weeks, shipbrokers said Friday. The Al Kout, the Front Page, and the Voyager I were all ...
Tags: Tankers, VLCC Fixtures, crude, Aframaxes
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China's Crude Stocks Continued to Grow in October
Nov 14, 2015China's crude stocks continued to grow for the fifth straight month in October, despite a month-on-month drop in net imports, output and slight rise in throughput, Platts calculations based on recently released official data showed. Crude ...
Tags: crude stock, crude oil
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Dated Brent at Nine-Week Low Amid Weak Refining Margins and Cheap Urals
Nov 4, 2015Dated Brent has fallen to a nine-week low, with uncommitted November Brent and Forties cargoes weighing on values amid weak local refinery uptake of the grade, sources said. Dated Brent fell to Forward Dated Brent minus 51 cents/b Monday, ...
Tags: Dated Brent, refiners, crudes
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China's Crude Oil Imports in September Rose 7.4%
Oct 13, 2014China's crude oil imports in September rose 7.4% year on year to 27.58 million mt or an average 6.74 million b/d, the second highest on record, preliminary data released Monday by the General Administration of Customs showed. Crude ...
Tags: Crude Oil, Oil Products
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CMES Has Decided to Upgrade The Antifouling Solution on Their VLCCs New Builds
Sep 23, 2014China Merchant Energy Shipping Co., Ltd (CMES) has decided to upgrade the antifouling solution on their VLCCs New Builds at Dalian Shipbuilding Industry Co., Ltd. (DSIC) and new subsequent contracts to Jotun Hull Performance Solution (HPS) ...
Tags: CMES, VLCCs New Builds, Decoration
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Nigeria Is Set to Load 4.95 Million Barrels of Bonny Light in June
Apr 24, 2014Nigeria is set to load 4.95 million barrels of Bonny Light in June, compared to 4.9 million barrels in May, according to a copy of the grade's loading schedule seen by Platts on Tuesday. There are currently five cargoes scheduled to load ...
Tags: Crude Oil, Light terminal
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The Mediterranean High Sulfur Fuel Oil Market Has Moved to Its Widest Discount
Apr 15, 2014The Mediterranean high sulfur fuel oil market has moved to its widest discount to Northwest Europe in four months amid ample supply, traders said. Mediterranean FOB HSFO cargoes were assessed by Platts on Thursday at a $12/mt discount to ...
Tags: Fuel Oil, High Sulfur Oil
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The Deals Would Mark The First Time Buyers in China Had Secured LPG From Iran
Nov 12, 2013At least three Chinese companies are in the final stages of negotiations with three LPG producers in Iran for term supply deals for 2014, industry sources said Thursday. The deals would mark the first time buyers in China had secured LPG ...
Tags: LPG Industry, Energy
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Mexico's PMI Is Set to Export 1.4 Million Barrels of Fuel Oil in July
Jul 3, 2013China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Metallurgy, Mineral, Energy
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China Has Taken Delivery of Around 88,000 Mt of Iranian LPG in June
Jun 28, 2013China has taken delivery of around 88,000 mt of Iranian LPG in June after a break of four months, as the Islamic republic extends exports to North Asia in its attempts to circumvent sanctions aimed at preventing it from exporting oil ...
Tags: Iranian LPG, Chemicals
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Lloyd's Register Has Issued The First Guide to New Construction in South Asia
Jun 27, 2013Lloyd's Register issues guide to new construction in South Asia Wednesday, Jun 26, 2013 Lloyd's Register has issued the first Guide to New Construction in South Asia. The Guide provides an overview of the shipbuilding and ship design ...
Tags: Transportation, Service
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Pakistani Market Are to Acquire Preferred Units Whilst Largely Ignoring Those Vessels
Dec 28, 2012Much like the Pakistani market at present Bangladeshi buyers are there to acquire preferred units whilst largely ignoring those vessels that actually are firm candidates. A dearth of VLCCs, suezmax tankers, and capesize bulkers oil late ...
Tags: Pakistani market, vessels, oil, oil industry
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The Cape Size Bulkers and Suezmax tankers/VLCCs vessels with 20,000 LDT and Over
Dec 20, 2012As select buyers emerged for specific tonnage largelv the cape size bulkers and suezmax tankers/VLCCs vessels with 20,000 LDT and over, a whole raft of candidates either discharging in the area or coming from the East were mostly ignored, ...
Tags: specific tonnage, vessels, tankers, bulker
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Suezmax Tankers and Capesize Bulkers Beached
Dec 14, 2012After a decent run that has seen several VLCCs, suezmax tankers and capesize bulkers beached, Pakistan endured an overall quieter week with no market sales to speak of. Despite the 100 plus vessels that have beached recentlv in India, ...
Tags: ship breaking industry, VLCCs, tankers, vessels