Page 5 - Ben Luckock News Today

Trade amplified a price drop to 15-month lows and now could help fuel a rebound

By Asad Zulfiqar Mar 26, 2023(Bloomberg) –The oil tanker Turba normally should have been melted down by now.  The 26-year-old vessel hasn’t had a full inspection since 2017, according to a...

The biggest oil traders and energy hedge funds speaking at the FT Commodities Global Summit struck a bullish tone despite banking jitters, and see a jump in oil prices by the year end.

Oil prices have effectively erased all their gains following the start of the Ukraine war, and for the last couple of months, crude has been trading in a relatively tight range

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Tanker rates have jumped by 400% following the latest round of EU and G-7 sanctions targeting Russian petroleum exports

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

By Jack Wittels (Bloomberg) –For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest Europe and the Baltic Sea. Typically,...

By Archie Hunter, Alix Steel and Grant Smith (Bloomberg) — The “shadow fleet” of ships that transport Russian oil around the world has expanded to around 600 tankers, according to trading...

The big trading firms say they are well positioned to manage future liquidity problems, as greater margin calls distort energy markets.