BunkerEx

A new world for Marine Fuels 🛳️

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🇺🇸 US west coast port disruption stretches into fourth day...

https://t.co/2xXxXhvfHN
@Splash_247 #OOTT

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🌊Huge sandstorm sweeps across Suez Canal in Egypt

https://t.co/bvJ30wGnij

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🔁 Welcome back to the #BunkerEx weekly round-up! Here are 5 highlights from this week (a thread)

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🛢️US bans new oil and gas leasing around New Mexico cultural site

https://t.co/q0V12eLM1t

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📉 Oil prices experienced a decline of 2.37%, reaching $71.96 per barrel due to a stronger U.S. dollar and concerns about demand after weak data from China.

#oott

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Today's Market News:
📉Oil prices drop on demand concerns in US and China, overshadowing OPEC+ cuts.🌎G7 plans to tighten Russia sanctions at the summit. 🇹🇷 Turkey's election heads for a run-off. 🇺🇦 Zelenskiy seeks military aid in surprise UK talks. #OOTT

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📉 Brent crude futures were down 1.1%, as the U.S. dollar strengthened and as investors mulled over a possible May interest rate hike by the U.S. Federal Reserve, which could dampen economic recovery hopes.

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📈MARKET IMPACT: 'The Biden administration plans to refill the U.S. Strategic Petroleum Reserve soon, and hopes to refill it at lower oil prices if it's advantageous to taxpayers during the rest of the year'
https://t.co/Xm5cRJ5azm

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MARKET IMPACT: 📉Oil prices steadied despite weak Chinese demand, as a softer dollar and hopes of eased policy tightening by the Federal Reserve provided support ahead of a key U.S. inflation report.
- https://t.co/bWxPp1iqud #OOTT

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5/ Oil dips, set for monthly drop, ahead of key U.S. inflation data.

https://t.co/RL14wXIveA

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As we wrap up the week, it's time to take a moment to reflect on the news stories that have made headlines. Here's a weekly round-up of the 5 things you need to know! Happy Friday! 👋

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4/ Tanker Market Firming Up.

https://t.co/y1SBJn4Mvp

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⚠️MARKET IMPACT: Kurdistan’s oil exports could be suspended for several more days as officials from Kurdistan are set to return to Baghdad next week for a new round of talks.

https://t.co/g4BOPoK40d

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📈Oil prices continue to climb for a third consecutive day as concerns over Kurdish oil supply ease and banking fears subside. #OOTT