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. .


Anglo-Eastern logo. Anglo-Eastern completes 200,000 cbm of LNG bunkering operations  

Ship manager has conducted over 70 LNG bunkering operations across Asia, Europe, and North America.

ABS and Fleetzero partnership signing. ABS and Fleetzero collaborate on innovative battery containers for maritime applications  

The American Bureau of Shipping partners with Fleetzero to advance sustainable maritime technology through cutting-edge battery container solutions.

CIMC Raffles and Van Oord contract signing. CIMC Raffles secures second subsea rock installation vessel order from Van Oord  

Chinese shipbuilder to construct methanol and biofuel-capable vessel with 35,000-tonne rock capacity.

Marvel Swallow vessel. Wärtsilä signs 10-year lifecycle agreement with MOL for 12 LNG carriers  

Deal covers operational support and maintenance for vessels delivered in 2024 and 2025.

Jyouichi Syou and Leo Grayson. Oceanscore opens Tokyo office to support Japanese shipping with EU emissions compliance  

Digital compliance provider expands Asia-Pacific presence with new Japan operation led by Jyouichi Syou.

Panagiotis Bastas, Flex Commodities. Flex Commodities appoints Panagiotis Bastas as sales manager for Greece  

Bastas brings over 15 years of maritime and commercial experience to the Dubai-based commodities firm.

Dorthe Karin Bendtsen, KPI OceanConnect. KPI OceanConnect completes Baseblue integration with Cyprus entity rebrand  

Marine fuel supplier consolidates operations under single brand, targeting East Mediterranean market share growth.

Malik Supply logo. Malik Supply seeks bunker trader for Athens office  

Danish bunker and energy trading company recruiting for Greek operations with international travel requirements.

Sogestran Group and Agora Transport Fluvial logo side by side. French river transport firms STF and AGORA merge to form AGORA Transport Fluvial  

Sogestran subsidiaries combine operations across North-Benelux, Seine, and Rhône-Saône regions from January.

Brave Pioneer vessel. Tsuneishi-Cebu delivers world's first methanol dual-fuelled Kamsarmax bulk carrier  

Philippine President attends naming ceremony for vessel claiming 10% CO₂ reduction versus conventional ships.


↑  Back to Top