Moderating IEA View Limiting Tanker Outlook
In its recent Oil Market Report (OMR), the International Energy Agency (IEA) kept its forecast for 2012 global oil…
Japanese Utility Demand Supports Aframaxes
Although the Japanese government has approved the start-up of two nuclear reactors in July in order to avoid power…
New Finds Boost Anadarko’s Mozambique Advantage
As drill bits continue to hit gas in East African waters with exciting regularity, Anadarko Petroleum is fast laying…
A Delayed Launch
Although estimates of how long repair work will last are better left until Motiva completes its inspection assessments, guesses…
US Crude Stock Build Continues
Six weeks ago, we observed that a surprise US crude inventory build was consistent with seasonal patterns, risk aversion…
Chinese Crude Sourcing Offers Continued Support to VLCCs
The rapid growth of Chinese oil product demand, refining capacity and crude imports has been a supportive feature of…
PADD 1 Crude Imports Poised to Rebound
At first glance, crude oil import data for PADD 1 (representing the US East Coast) might suggest that volumes…
Shifting Panamax Supply Boosts Earnings
Panamax spot earnings in the Atlantic basin have been climbing consistently over the past month, especially for Panamaxes trading…
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…