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Wed 2 Dec 2015, 09:33 GMT

Market Briefing


Surprise build in U.S. crude stock, volatility ahead of today's data (Brent: $44.2).

Surprise build in U.S. crude stock, volatility ahead of today's data (Brent: $44.2)

Yesterday's weekly API oil stocks data showed a surprise build of 1.6 mio. barrels where a decline of 1.2 mio. was expected. Now the official EIA report this afternoon will be followed closely - should we see another build today, this could cause some volatility and weigh on oil prices.

Ahead of Friday's summit, November OPEC output data shows an increase to 31.77 mio. barrels per day (from 31.64 in October). Iraq and Saudi Arabia were main contributors to the increase in the fight for market share, Iraq with output at 3.66 mio. bpd. and Saudi Arabia at 10.25 mio. bpd. Angola, Nigeria and Libya output declined.

Hopes of OPEC curbing oil production at the meeting on Friday seem fading as Russia has decided to skip pre-meeting consultations in Vienna between OPEC and non-OPEC oil producing countries. Among other countries, Saudi Arabia has advocated closer cooperation between OPEC and non-OPEC countries to curb recent oil price drop.

Apart from the oil inventory report this afternoon, today sees EU inflation, U.S. employment report and Fed's Yellen speech in Washington.

BP  
Osprey Energy logo. Osprey Energy seeks junior bunker trader to support Cebu trading activities from Netherlands  

Dutch marine fuel supplier targets Cebu region expansion through new training programme for Filipino candidates.
EUA prices dropping graphic. KPI OceanConnect highlights falling EUA prices as opportunity for shipowners to lock in compliance costs  

Marine fuel supplier says timing carbon allowance purchases can reduce costs as EU emissions scope expands.
RINA employee in control room. RINA partners with Hanwha Group on battery-hybrid propulsion for ro-ro ferries  

Classification society to provide regulatory compliance verification for hybrid battery systems on newbuilds and retrofits.
Amadeus Titanium vessel. HGK Shipping’s Amadeus Titanium fitted with wind assistance system  

Coastal vessel equipped with VentoFoils at Dutch port to reduce fuel consumption on Covestro routes.
Sebastian Weder, Bunker One. Bunker One expands physical supply operations to Tallinn and Finland  

Marine fuel supplier extends Baltic Sea coverage with new operational presence in Estonia and Finland.
LNG shore-to-ship bunkering operation. Sawgrass LNG & Power completes first shore-to-ship LNG bunkering at Port Everglades  

Operation fuelled Ritz-Carlton Yacht Collection vessel Ilma on March 26, marking expansion of marine LNG infrastructure.
Avenir Ascension alongside Peter Pan vessel. Avenir LNG completes first ship-to-ship LNG bunkering of ferry in Klaipeda  

Operation marks Lithuania’s first STS LNG bunkering of a ferry, expanding Avenir’s Baltic operations.
Aura Marine webinar on ammonia as marine fuel. Auramarine to host webinar on ammonia fuel supply systems and safety considerations  

Finnish marine equipment provider schedules 16 April session on ammonia as an alternative fuel for shipping.
Green maritime fuel training programme. Hong Kong launches world’s first government-led green maritime fuel trainer programme  

Three-day course aims to certify trainers in alternative fuels, including ammonia, methanol and hydrogen.
VPS logo. The emergence of B100 FAME in a volatile distillate market | Paul Hoather, VPS  

VPS UK Sales Manager provides recommendations following increased B100 usage due to price dynamics.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind power



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