Wednesday, June 13, 2018 - OPEC, Russia, and other non-OPEC countries will meet on June 22, 2018, to assess current oil market conditions associated with their existing crude oil production reductions. Current reductions are scheduled to continue through the end of 2018. Oil ministers from Saudi Arabia and Russia have announced that they will re-evaluate the production reduction agreement given accelerated output declines from Venezuela and uncertainty surrounding Iran's production levels.
Wednesday, June 13, 2018 - As of the end of May, Houston, Rotterdam and Singapore reported their highest MGO month-end prices in over three years. May's prices were 3.24% to 5.40% higher than April across regions tracked, while ranging higher than one year ago prices by 30.40% to 48.44%
Tuesday, June 12, 2018 - For the 2018 April - September summer driving season, EIA forecasts U.S. regular gasoline retail prices to average $2.87/gal, up from an average of $2.41/gal last summer. The higher forecast gasoline prices are primarily the result of higher forecast crude oil prices.
Thursday, June 7, 2018 - Baker Hughes, a GE company (NYSE:BHGE) announced today that the international offshore rig count for May 2018 was 198, up 4 from the 194 counted in April 2018, and down 4 from the 202 counted in May 2017. The average U.S. offshore rig count for May 2018 was 20, up 4 from the 16 counted in April 2018, and down 2 from the 22 counted in May 2017.
Wednesday, June 06, 2018 - This safety alert raises awareness of a significant emerging problem in the U.S. Gulf Coast region regarding contaminated vessel fuel oil bunkers. This involves blended fuels oil such as Intermediate Fuel Oil (IFO 380) and has caused fouled fuel pump plungers, fuel pump seizures and other fuel system related failures.
Featured Stories contains all of Marcon's news postings from the past 45 days. News older than that can be found in their respective sections: News Articles, Newsletters, Market Reports, Country Briefs and Sales Reports.