Cyprus Deems Second Bid Round A Success
Despite saber-rattling from Turkey, a host of bidders responded to the recent offshore licensing round held in Cyprus. Nicosia…
Shifting FSU Export Flows
After providing 2.8 mbpd of incremental liquids supply during 2004-09, production growth in the former Soviet Union (FSU) slowed…
Chinese Data Pressures Outlook
For the past ten years, China has been a reliable source of bullish macroeconomic indicators across many sectors, although…
After the Stock Build
In this week’s Petroleum Status Report, the US Energy Intelligence Agency (EIA) reported that US commercial crude inventories rose…
Zombie Refineries
Theeey’re baaack. Atlantic Basin refineries that the market had relegated to the graveyard of unfit plants in an expanding…
Poten Report: Charter Rates Rise On Tight Availability
An extremely tight LNG shipping market with “zero structural availability” has driven charter rates to record levels over $100,000…
Brazil Hikes LNG Imports On Southern Drought
Brazil is back in the spot market after a relatively quiet 2011, with recent buying activity from state-owned Petrobras…
Naphtha Redemption for LR1s?
After languishing below operating costs for almost six months, LR1 earnings on the benchmark Baltic TC5 route, carrying 55,000…
Removing Bottlenecks
The main culprit behind the recent uncharacteristically deep discount of West Texas Intermediate’s (WTI) price compared to Brent is…
The Buzz to Come
To stop the United States’ gasoline production crashing into the 10% ethanol blending wall, the US Environmental Protection Agency…