International oil traders call off the oil crisis

The weak oil price is regaining strength and the price has bottomed out, note several of the world's leading oil traders in comments to Bloomberg.

Ifølge flere top-traders vil olieprisen stige gevaldigt fra den nuværende pris på 43.27 dollar, det skriver Bloomberg. | Photo: Wintershall

BY MATHIES HVID TOFT

The oil price slid to rock-bottom at below USD 28 per barrel, but is now on the rise again, project several top traders according to Bloomberg. So it is not unlikely that the price per barrel will reach USD 50 over the course of next year.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Russia and Saudi Arabia to freeze oil export
For subscribers
Oil and gas workers top Norwegian wage rankings
For subscribers
SeaIntel: Oil gains can become an expense in 2016
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

CEO Patrick Juhl thinks that the ambition to swap out plastic bottles is hindered by the price tag on the carton alternative. | Foto: Seven Seas

Suppliers

Seven Seas: Customers' green ambitions and actions don't align

Seven Seas’ customers want to reduce plastic onboard ships but do not order the alternative product. The ship supplier’s CEO sees only one logical explanation.

"Innovation is not the experience economy. It's business," says Nicklas Fursund, partner at venture fund Motion Ventures. | Photo: Paul Chinn/AP/Ritzau Scanpix

Carriers

Venture fund in Singapore wants increased business focus from start-ups

For subscribers

Next year, shipping companies with ships larger than 5,000 gross registered tonnes will be required to compensate for their CO2 emissions through the purchase of EU allowances. | Photo: Daniel Reinhardt/AP/Ritzau Scanpix

Suppliers

German bank to broker CO2 allowances to shipping customers

For subscribers

Foto: Christian Charisius/AP/Ritzau Scanpix

Logistics

MSC chosen as strategic partner for ailing Spanish rail freight company

For subscribers

Carriers

Grieg and Peak Group venture orders up to eight new vessels

For subscribers

The Port of Houston, the center of the US crude oil import and export. | Foto: Loren Elliott/Reuters/Ritzau Scanpix

Tanker

First US bunkering terminal for LNG is on its way

For subscribers

Russian oil is trading closer to USD 100 than the G-7 price cap
Russian oil is continuing to rise, defying an increasingly redundant price cap put in place by the Group of Seven and its allies.
For subscribers
Oil supermajor Saudi Aramco enters LNG
Saudi Aramco invests USD 500m in Midocean energy, an energy company focused on liquefied natural gas.
For subscribers
Norway increases support for developing countries' green shipping transition
The country has signed an agreement with the IMO to contribute NOK 30m per year to the green transition of shipping in developing countries.
For subscribers
Oil steady after technical resistance stalled blistering rally
Oil prices settle at a more stable level after taking the biggest slump in eight weeks.
For subscribers
It's time for DHL's new global head of ocean freight to prove he can be number one
PROFILE: People familiar with the new chief executive of DHL Global Forwarding are not surprised by the appointment after a career that has gone in a straight line up.
For subscribers
Kristian Siem predicts boom in offshore following a decade of hurt
After a long period of dark clouds on the horizon, the upturn might last longer than one dares to hope for says the head of Siem Industries.
For subscribers

Media: Sale of DB Schenker enters next phase

After a long period of scrutiny, Deutsche Bahn is ready to pursue a sale of the major freight forwarder DB Schenker, report German media.

For subscribers

Casper Ellerbæk has a professional background at competitor Kuehne + Nagel. | Photo: Dhl / Pr

Logistics

It's time for DHL's new global head of ocean freight to prove he can be number one

PROFILE: People familiar with the new chief executive of DHL Global Forwarding are not surprised by the appointment after a career that has gone in a straight line up.

For subscribers

Suppliers

Seven Seas: Customers' green ambitions and actions don't align

Seven Seas’ customers want to reduce plastic onboard ships but do not order the alternative product. The ship supplier’s CEO sees only one logical explanation.

Logistics

MSC chosen as strategic partner for ailing Spanish rail freight company

The Swiss-Italian container shipping company is set to expand its onshore operations by entering Spanish railroad company Renfe’s freight business.

For subscribers

Carriers

Venture fund in Singapore wants increased business focus from start-ups

Nicklas Fursund is one of the partners in Motion Ventures, which has several well-known investors on board. He believes that entrepreneurs think too little about business.

For subscribers

Carriers

Grieg and Peak Group venture orders up to eight new vessels

Skarv Shipping Solutions, a joint venture between Grieg Edge and Peak Group, orders four new multipurpose vessels with an option for an additional four.

For subscribers

Jobs

See all jobs

International oil traders call off the oil crisis

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Share article

Related articles:

Russia and Saudi Arabia to freeze oil export

Oil and gas workers top Norwegian wage rankings

SeaIntel: Oil gains can become an expense in 2016

Sign up for our newsletter

Front page now

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Kristian Siem predicts boom in offshore following a decade of hurt

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Seven Seas: Customers' green ambitions and actions don't align

MSC chosen as strategic partner for ailing Spanish rail freight company

Venture fund in Singapore wants increased business focus from start-ups

Grieg and Peak Group venture orders up to eight new vessels

Jobs