Summer Dreams for Suezmaxes
The languishing West African Suezmax trade saw a much needed boost in activity last month. The upswing can likely…
Mexico’s Production: Taking a Hit Below the Border
The steady decline of Mexico’s crude oil production not only poses threats to the nation’s GDP, but also to…
US Crude Production Helping Drive Dynamic Clean Market
With United States crude oil production rising to levels unseen in 22 years, the US must find consumers with…
Canadian Crude Oil Prices Back from the Brink
From 4Q2012 to 1Q2013, the Western Canadian Select (WCS) crude oil benchmark experienced historically low prices during a period…
WTI-Brent Spread Reflects Dynamic Refinery and Infrastructure Pictures in US
There is increasing optimism that the economic recovery in the United States is on firm footing and strengthening. Indeed,…
VLCC Spot Rates: A Rare Bright Spot
Dirty tanker rates are in a well-documented and, for owners, tiring slump that leaves earnings levels well below their…
Policy Changes Could Affect South Korean Tanker Demand
Effective July 1st, South Korea, the fifth largest buyer of crude cargoes in the world, confirmed the elimination of…
Commodity Traders Boost Role As Banking Model Fades
The departure this month of Morgan Stanley’s LNG trading desk to Swiss commodities giant Glencore Xtrata does not signal…
A Crack in the Wall
Over the last decade, China’s consumption of oil has grown more rapidly than any other nation. Its lead has…
Will Turbulence in Financial Markets Impact Tankers?
Marine Money Week made its annual appearance in New York this week, and everyone from owners to brokers to…
