Back In Black
It is well documented that 2013 has been a far cry from a banner year as far as tanker…
European Clean Product Exports
Refinery utilization rates in Europe have been steadily trending lower as crack spreads have declined, challenging owners to turn…
Venezuelan Clean Product Taper
Following the death of Hugo Chavez in March of 2013, Nicolas Maduro took over as interim president of Venezuela….
Australian LNG Projects Brace For Further Delays
18 Nov 2014: Timing schedules for the startup of several greenfield LNG projects in Australia continue to shift, with…
An Unsanctioned Iran?
United States and European Union-led sanctions against Iran have significantly reduced Iranian crude oil exports since they were first…
VLCC Rates Climb to Highest Levels in 2013
VLCC rates rose to $47,200/d (Worldscale 59) on November 8th for the benchmark Arabian Gulf to Far East voyage,…
Removal of Brazilian Subsidies to Back Out Clean Product Imports?
Brazilian transportation fuels subsidies have reduced costs for consumers, who have enjoyed longstanding market discount for gasoline and diesel….
Caribbean Aframax Seasonal Hike Ahead?
Earnings for TD9 have been the highest average year to date, $12,700, since 2010 and compare very favorably to…
China Inches Closer To Russian Pipeline Deal
23 Oct 2014: Accompanied by Chinese president Xi Jinping, officials from China National Petroleum Corp made a whirlwind tour…
Going GovernMental: EIA Closure and Reopening
Collecting oil inventories and trade flow data at a government agency is particularly challenging – especially when your agency…
