This is a legacy page. Please click here to view the latest version.
Tue 9 Jan 2018, 09:22 GMT

Oil prices around three-year highs


By A/S Global Risk Management.



Brent oil price headed back into the $68 area this morning. The most likely potential market mover will be tonight's weekly oil inventory data.

Allegedly, current geopolitical tensions in OPEC member countries Iran and Venezuela are monitored by OPEC, but no measures are on the way to counter potential production disruptions from OPEC's side yet unless there are significant and sustained disruptions. In Libya, a large pipeline is restarting after suffering damage last week.

Tonight, the weekly oil stocks data from the American Petroleum Institute (API) is published. The last 5 weeks have shown huge draws in crude oil stocks and consensus is another drop this week. Interesting to see if the cold weather has affected the distillates and gasoline inventories in the huge country.

Tomorrow, the oil inventory report from the EIA will be published and followed just as closely.

Turning to economic data, today sees German trade activities along with Eurozone unemployment and U.S. JOLTs job openings. .


210,000-tonne tri-fuel ore vessel render. CSSC units sign contract for four tri-fuel ore carriers  

Ships feature a tri-fuel propulsion system combining ethanol, methanol and fuel oil.

Houston skyline. Bunker One seeks oil derivatives trader for Houston desk  

New hire to work alongside trading and sales, providing hedging solutions for physical exposure.

Lyla Pathfinder vessel. Kawasaki delivers 13th LPG-fuelled LPG/ammonia carrier  

86,700-cbm vessel is shipbuilder's 20th delivery featuring LPG-fuel propulsion.

Mein Schiff Relax ship-to-ship (STS) bunkering operation. TUI Cruises puts both InTUItion-class ships on bio-LNG as fleet targets 50,000-tonne CO₂e saving in 2026  

German cruise operator says bio-LNG use across two newbuilds has already cut 26,000 tonnes of CO₂e.

MCE Marine Surveyors logo. MCE Marine Surveyors seeks bunker surveyor in Rotterdam amid growing demand  

Liquid bulk surveyor certificate listed as a preference, as is prior experience in a bunker surveyor role.

Athinagoras vessel. LNG dual-fuel tanker delivered to Capital Ship Management  

Vessel one of two handed over to Greek operators on the same day.

Auramarine quality specialist hiring announcement. Auramarine seeks quality specialist to unify European and Asian management systems  

Finnish fuel supply system maker is recruiting a quality specialist to harmonise its global operations.

Nave Orbit vessel. Navios Maritime Partners takes delivery of LNG- and methanol-ready Aframax tanker  

117,012-dwt Nave Orbit features alternative-fuel readiness and energy-efficiency technology.

PetroChina Petroineos Trading logo. PetroChina International seeks bunker sales manager to drive European growth  

Chinese state-owned energy trader targets ARA expansion with new commercial hire.

CF Anja vessel. Damen delivers HVO-ready CF 3850 to Lithuania’s Juru Agentura Forsa  

CF Anja marks the first newbuild vessel in Forsa’s dry cargo fleet.


↑  Back to Top


 Recommended