SINGAPORE, Jan 24 Oil prices were steady on
Friday, but on track for a fall of up to 5% for the week on
growing concern that fuel demand will weaken as the spread of a
respiratory virus from China that has killed 25 so far dents
travel and darkens the economic outlook.
SINGAPORE The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, according to IHS Markit.
* State refiners apply for export quotas to bonded market
SINGAPORE Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise in piracy incidents last year, maritime watchdog ReCAAP said on Wednesday.
SINGAPORE Chinese marine fuel suppliers have signed up short-term deals to buy very low-sulphur fuel oil from companies like oil major Shell , Germany's Uniper and U.S. commodities trader Freepoint ahead of a new standard on emissions for the global shipping industry that kicks in on Jan. 1.
SINGAPORE, Dec 13 Oil prices extended gains on
Friday, scaling three-month highs as the United States and China
moved closer to a resolution to the 18-month trade war between
the world's two biggest economies that has raised big questions
about global demand for crude.
KUALA LUMPUR/SINGAPORE A Vietnamese oil tanker which Reuters reported visited North Korea in February has been seized by Malaysia after it was found adrift off the Malaysian coast, maritime agency officials said.
KUALA LUMPUR/SINGAPORE, Dec 12 A Vietnamese oil
tanker which Reuters reported visited North Korea in February
has been seized by Malaysia after it was found adrift off the
Malaysian coast, maritime agency officials said.
KUALA LUMPUR/SINGAPORE An oil tanker, which shipping data showed was managed by a Chinese company under U.S. sanctions, refused to allow an inspection by maritime authorities while anchored in Malaysian waters, Malaysia's maritime agency said.
* Gazprom Neft's CEO predicts oil prices at $55-$65 in Q1
(Update prices, adds WSJ report)