Tankers:
The rise of oil price s in the past few weeks will translate into higher bunker costs, but not change the current balance in the market and thus freight rates.
News ID: 78804 Publish Date : 2018/04/23
No-one predicted the scale and depth collapse in the oil price and the impact it then had on offshore marine, so it is also likely that few, if any, will accurately forecast the timing and extent of an upturn in the sector.
News ID: 72749 Publish Date : 2017/03/04
The Iranian deputy oil minister for international affairs and trade, announced that the Islamic Republic will ink new oil contracts worth billions of dollars with renowned foreign companies by the end of the present Iranian calendar year (March 20, 2017), MANA reported.
News ID: 68189 Publish Date : 2016/08/14
Denmark’s shipping conglomerate AP Moller-Maersk saw its first half profit plunged 87% year-on-year to $342m, impacted mainly by lower container freight rates and oil price s.
News ID: 68152 Publish Date : 2016/08/13
Deputy Minister of Petroleum, Ali Kardor, stated that: terms of new export contracts for cooperation with foreign oil companies will be more difficult.
News ID: 67951 Publish Date : 2016/08/02
2016: Upward Trend in Oil Price
It is about two years that the oil producer countries in the world have been placed in an inactive position. They do not have the capability to determine the market’s conditions nor find an appropriate solution and just are seeking someone from heaven to change the oil world market and the equation in favor of them.
News ID: 66031 Publish Date : 2016/08/21