Bunker Prices

 27.01.2015  Bunker Prices More

 IFO380MGO
 $/mt+/-$/mt+/-
346.00 12.00 544.00 6.00
293.50 2.50 522.50 14.00
322.00 0.50 624.00 4.50
332.00 10.00 777.00 5.00
316.00 0.50 561.50 10.00
337.00 4.50 606.50 15.00
316.00 0.50 554.50 4.00

Oil price may hit $200— OPEC

 

 

04.Feb.2015

 
 DESPITE reaching the low of $45 per barrel, oil prices may yet rise to $200.

This indication was giving on Monday by the Secretary-General, Abdulla al-Badri, when he was in London, the oil market doesn’t need to look for oil prices to bottom as the market has already bottomed. Instead, he offered quite bullish comments by saying, “Now the prices are around $45-$55, and I think maybe they [have] reached the bottom and we (will) see some rebound very soon.”

Abdulla al-Badri, however did not say OPEC would come in and rescue the oil market by reversing its previous decision to hold steady on production. Instead, he saw the signs that the oil market is self-correcting as oil companies

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Finland's Meriaura Aims to Cut Fuel Consumption By Almost 50%

 

 

 

 

Friday February 6, 2015

Royal Bowedes will build the ships for Meriaura

Finnish logistics company Meriaura Group has announced it aims to reduce bunker consumption by almost half with two newbuild coastal dry cargo vessels.

The ships will feature advanced hull design and optimised machinery to achieve the bunker savings.

Dutch shipbuilder Royal Bowedes will construct the 4,700 deadweight tonne vessels, with the first scheduled for delivery in July 2016.

The Ice Class 1A vessels will steam at 10.5 knots in open water, driven by a dual-fuel engine capable of running on biofuel as well as marine gasoil (MGO).

Our goal is that in five years' time at least 50% of our fleet consists

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BIS says financial flows partly to blame for oil collapse

 

 

 

 

Neil Hume, Commodities Editor

 

©Reuters

The near 50 per cent fall in oil prices since mid-June cannot be solely explained by changes in consumption and production, according to the Bank for International Settlements, which says heavy trading on commodity futures markets has also played a part.

In a preliminary analysis of the oil market rout, BIS, known as the central bankers’ bank, says financial flows have contributed to the rout along with changes in supply and demand balances.

The comments will add to the debate about the “financialisation” of commodity markets and the extent to which investors, big banks and hedge funds are driving prices of raw materials.

BIS says the last two comparable oil price declines in 1996 and 2008 were

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ANALYSIS-Eastern Canadian LNG export plans face supply quandary

 

 

 

 

 

 

 
By Dave Sherwood

PORTLAND, Maine Wed Feb 4, 2015 6:00am GMT

Quotes

 
E.ON SE
EONGn.DE
€13.38
----
02/03/2015
 
Liquefied Natural Gas Ltd
LNG.AX
$3.05
+0.06+2.01%
02/04/2015
 
Repsol SA
REP.MC
€16.74
----
02/03/2015
 
 

PORTLAND, Maine Feb 4 (Reuters) - Eastern Canada has joined a race to export North America's vast natural gas riches to energy-hungry markets overseas, with four projects betting the far-flung Atlantic provinces will be the easiest route to Europe and India.

But firms behind those proposals, such as Spanish oil giant Repsol and Australia's Liquefied Natural Gas Ltd have one major hurdle to clear: huge investments are needed to expand regional pipeline capacity to feed them, and it is unclear who will pay.

"They

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