Can bunkering outside hubs yield better pricing?
The short answer is yes, but not always. Continuous price monitoring is key to identifying price dislocations between different ports.
Read MoreThe short answer is yes, but not always. Continuous price monitoring is key to identifying price dislocations between different ports.
Read MoreIntegr8 Fuels would like to bring you our Market Intelligence podcast, where we will be discussing the main news in the Bunker industry this week.
Integr8 Fuels would like to bring you our Market Intelligence podcast, where we will be discussing the main news in the Bunker industry this week.
In this podcast, we also sit down with Chris Turner, who is Global Manager of Bunker Quality and Claims at Integr8 Fuels to discuss distillate fuels.
There is a little more clarity in oil market pricing, but still huge uncertainty on where things are going.
Join the Integr8 experts in this webinar to help you understand better the main outstanding challenges in the energy markets and how these will affect the marine fuels space.
Integr8 Fuels would like to bring you our Market Intelligence podcast, where we will be discussing the main news in the Bunker industry this week.
In this podcast, we discuss with Ong Choon Yam at ENGINE Technologies where we discuss the nature and process of bunker procurement.
In the run-up to IMO2020 doubts existed whether there would be enough VLSFO available to meet demand, while HSFO was thought to remain in abundance. The reality however is very different, with the corona virus putting a cap on bunker demand, the growing oversupply of VLSFO and a relative HSFO tightness and availability concerns have become the new reality.
Read MoreIntegr8 Fuels would like to bring you our Market Intelligence podcast, where we will be discussing the main news in the Bunker industry this week.
In this podcast, we discuss with Director of Strategic Communications, Steve Christy about the oil market and what this could mean for bunkers.
There is a little more clarity in oil market pricing, but still huge uncertainty on where things are going. It was just a few weeks ago when news of the coronavirus started to hit and OPEC put forward a proposal to cut production by around 1.5 million b/d, but only if there was the support of the OPEC+ group (principally Russia). The agreement didn’t happen, Saudi opened the taps and oil prices collapsed. With hindsight the proposed 1.5 million b/d cut was ‘a drop in the ocean’, with analysts now indicating that global oil demand could be an unprecedented 20 million b/d lower in April 2020 than in April 2019, and also some 4-6 million b/d down for this year as a whole. So, near-term oil supply is up by around 2-3 million b/d and demand down by around 15-20 million b/d. Markets tend to tell you almost everything and we have seen a near 70% collapse in crude prices since the start of the year to hit 18-year lows. At the same time the crude market has switched from backwardation to steep contango, bringing storage into play.
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