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Oil bottom? Mid-$50s should do it: Ex-Gulf Oil CEO

U.S. crude hit 5 ½-year lows early Monday with signs that oil prices may have just about bottomed, said Joe Petrowski, former CEO of Gulf Oil.

December 17, 2014

US bunker prices hit a 5.5 year low on weak Brent, Demand

High and low sulfur bunker fuel at nearly every US and Canadian port assessed by Platts dropped to more than five-year lows Monday amid declining Brent prices and weak buying interest, trade

December 17, 2014

​Rotterdam LSFO bunker premiums surge on limited prompt availability

Rotterdam-delivered low sulfur fuel oil (LSFO) bunker premiums surged on a lack of prompt availability in the ports of Rotterdam and Antwerp, traders said.

December 17, 2014

OPEC insisted not cutting output, crude price continued slump

OPEC Secretary-General El-Badri announced on December 15th(Monday)that it can bear a slowdown in oil price, and some key officials of OPEC cited that they wouldn’t reduce the output, w

December 16, 2014

Steam coal prices recover slowly in Changzhi

The steam coal market in Changzhi, Shanxi has trended to recover since September.

December 16, 2014

Shanxi writes off nine coal mines

Coal-rich Shanxi province canceled totally nine coal mines from January to November, 2014, including seven ones put to be under construction and two ones being shut down, the Shanxi Administ

December 16, 2014

International crude oil continued slidding amid negative factors from IEA

On December 12th(Friday), IEA predicted that oil prices would soften further and international crude futures continued declining sharply next year, amid expectation of lower demand and overs

December 15, 2014

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