Bunker Prices

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Category: Energía y Combustibles
Published on Monday, 09 February 2015 14:08
Written by Administrator2
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 27.01.2015  Bunker Prices More

 IFO380MGO
 $/mt+/-$/mt+/-
Singapore
 
 346.00 12.00 544.00 6.00
Rotterdam
 
 293.50 2.50 522.50 14.00
Houston
 
 322.00 0.50 624.00 4.50
Fujairah
 
 332.00 10.00 777.00 5.00
Gibraltar
 
 316.00 0.50 561.50 10.00
Istanbul
 
 337.00 4.50 606.50 15.00
Piraeus
 
 316.00 0.50 554.50 4.00
View Bunker Prices for 150 Ports

Oil price may hit $200— OPEC

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Category: Energía y Combustibles
Published on Sunday, 08 February 2015 03:41
Written by Administrator2
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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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BIS says financial flows partly to blame for oil collapse

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Category: Energía y Combustibles
Published on Sunday, 08 February 2015 03:38
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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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Finland's Meriaura Aims to Cut Fuel Consumption By Almost 50%

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Category: Energía y Combustibles
Published on Friday, 06 February 2015 14:18
Written by Administrator2
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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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