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….
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…
Going GovernMental: EIA Closure and Reopening
Collecting oil inventories and trade flow data at a government agency is particularly challenging – especially when your agency…
Bunkers stable in 2013, ECA Changes ahead in 2015
Worldscale released their estimated bunker prices for 2014 this week. Over the past year prices have fallen from $686/t…
RSVP to the Pool Party
Depressed freight rate conditions in the early part of the last decade saw the creation of the first tanker…
Jones Act – Still the king of rates in 2016?
In today’s market Jones Act tankers command a significant premium as few ships are available in the face of…