Tuesday, December 29, 2020
Shipping

Losing Bet on Covid Is Changing Oil-Trading Industry Forever

By Alfred Cang (Bloomberg) — In January, as a mysterious illness ripped through the Chinese city of Wuhan, global oil prices plunged. Two thousand miles away in the island state of Singapore,...

December 29, 2020
Total Views: 2538

Monday, April 20, 2020
Maritime News

Singapore Oil Trader Hin Leong Failed to Declare $800 Million Losses

Fabled Singapore oil trader Hin Leong hid about $800 million in losses racked up in futures trading on the orders of its founder Lim Oon Kuin, suggesting a much bigger...

April 20, 2020
Total Views: 37

Friday, November 15, 2019
bunkering
Maritime News

Shell Traders Post $1 Billion Profit in Fuel Oil Market Ahead of IMO 2020

By Javier Blas and Alaric Nightingale (Bloomberg) –Royal Dutch Shell Plc has made $1 billion from trading fuel oil this year, making it one of the standout winners from rules...

November 15, 2019
Total Views: 33

Friday, March 2, 2018
nave Pyxis
Maritime News

Oil Traders Make Sea Odyssey as Gasoline Criss-Crosses Globe

By Ann Koh, Serene Cheong and Laura Blewitt (Bloomberg) — Over the course of March, the oil tanker Nave Pyxis will slice through the Pacific Ocean as it makes an...

March 2, 2018
Total Views: 4

Friday, January 8, 2016
News

Traders Eye Alaskan Crude Exports to Asia with Ban Lifted

By Jacob Gronholt-Pedersen and Liz Hampton SINGAPORE/HOUSTON, Jan 8 (Reuters) – Oil traders in Asia are running the numbers on importing Alaskan crude, after the end of a four-decade ban...

January 8, 2016
Total Views: 0

Monday, September 21, 2015
News

Singapore’s Record High Fuel Oil Stockpiles Driving Storage at Sea

  By Jessica Jaganathan SINGAPORE, Sept 21 (Reuters) – Record high stocks of fuel oil in Singapore are pushing traders to store the shipping and feedstock fuel into tankers temporarily...

September 21, 2015
Total Views: 0

Tuesday, September 1, 2015
Maritime News

World’s Top Oil Trader Sees $40-$60 a Barrel in 2016

  By Javier Blas and Will Kennedy (Bloomberg) — Oil prices will remain at $40 to $60 a barrel into 2016 as rising crude supplies overwhelm demand, according to the...

September 1, 2015
Total Views: 0

Friday, May 22, 2015
chevron south america ulcc jurong shipyard drydock
Maritime News

Looking Back at a Real Supertanker, the ULCC Chevron South America

The largest Ultra Large Crude Carrier (ULCC) ever to visit Singapore, the Chevron South America, sits in Jurong Shipyard in Singapore in this July 23, 1996 file photo via Reuters....

May 22, 2015
Total Views: 15

Wednesday, May 13, 2015
Maritime News

Transpacific Jet Fuel Shipments Set to Increase – Traders

Asian jet fuel shipments to the United States West Coast region could pick up this month as a prolonged cut in throughput at a California refinery is drawing down inventories, traders said on Wednesday.

May 13, 2015
Total Views: 1

Tuesday, April 28, 2015
fso asia
Maritime News

Oman to Operate Floating Crude Oil Storage Vessel

Oman Tank Terminal Company (OTTCO) plans to start operating a floating storage unit later this year to ease trade of crude oil futures on the Dubai Mercantile Exchange (DME), trade sources said on Tuesday.

April 28, 2015
Total Views: 5

Tuesday, March 17, 2015
primorsk port
Maritime News

Gunvor a Major Winner in Rosneft Oil Tender

Swiss-based trading house Gunvor, which had been trying to cut asset exposure to the Russian market, is among the winners of a large Rosneft tender, traders said on Tuesday.

March 17, 2015
Total Views: 3

Wednesday, January 21, 2015
fso asia
News

Traders Book Oil Tankers to Store 40 Million Barrels at Sea

Oil traders have booked up to 20 tankers to store an estimated 40 million barrels of crude at sea, rising from 25 million barrels last week

January 21, 2015
Total Views: 4

Thursday, January 15, 2015
almi galaxy
Maritime News

Oil Traders to Store West African Crude in U.S. Until Prices Recover

Traders are shipping West African crude to the United States to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on price with U.S. crude.

January 15, 2015
Total Views: 0

Thursday, January 8, 2015
News

Oil Traders Stockpiling Oil at Sea Amid Glut

Some of the world's largest oil traders have this week hired supertankers to store crude at sea, marking a milestone in the build-up of the global glut.

January 8, 2015
Total Views: 2

Wednesday, October 15, 2014
Uncategorized

Floating Storage Stalls Despite Falling Oil Prices

Despite falling oil prices, traders in recent weeks have booked just a few tankers to store cargoes at sea as higher freight costs outweigh any profit play for now.

October 15, 2014
Total Views: 2

Friday, May 24, 2013
oil barrels bbls
Maritime News

Lacklustre Demand Weighs On Spot Prices for West African Crude

GENEVA, May 24 (Reuters) – Angolan and Nigerian differentials were under pressure on Friday as some Asian refiners snubbed west African grades in favour of light, sweet crude from other...

May 24, 2013
Total Views: 0

Thursday, February 28, 2013
vitol
News

Vitol Records Over $300 Billion in 2012 Revenues, “Solid” Says CEO Ian Taylor [UPDATE]

By Emma Farge and Dmitry Zhdannikov GENEVA, Feb 28 (Reuters) – Vitol, the world’s biggest oil trader, reported revenues that topped $300 billion for the first time in 2012, while...

February 28, 2013
Total Views: 0

Wednesday, February 13, 2013
u.s. flagged tanker
Maritime News

EU-Singapore Free Trade Agreement Unlikely to Affect Crude Oil Shipments

By Claire Milhench LONDON (Reuters) – A trade deal between the European Union and Singapore is unlikely to affect North Sea crude oil shipments to Asia, given that EU crude...

February 13, 2013
Total Views: 0