Falling Inventory Levels Keep Downward Pressure on Tanker Market
The weak earnings environment has obstinately continued in the spot market this week, as low cargo counts have persisted….
A Dreary Week for Rates, Could Chinese Macro Situation Spell Relief?
This week saw fresh lows for several tanker routes, and the usual seasonal spike in earnings has largely failed…
OPEC Moving to Tighten Market, as Demand Rebounds
In today’s Oil Market Report (OMR), the International Energy Agency (IEA) provided a revised outlook that suggested a tighter…
North American Production Continues to Alter Cargo Flows
The US Energy Information Agency (EIA) released their first Short-Term Energy Outlook (STEO) of 2013 earlier this week to…
Dirty Spot Fixture Activity Rises, But Top Rankings Shift
Reported spot activity for larger dirty tankers increased by 5% from 2011 to 2012. Suezmaxes saw the greatest gains,…
Tanker Gloom Continues, but Room for Optimism
As the Holiday Season nears its crescendo, the approaching new year has provided its usual litany of annual reviews…
FSU Pipeline Optionality Shifts Export Flows
Export flows out of Former Soviet Union (FSU) states continue to undergo rather dramatic shifts. A recently completed expansion…
Lingering Over-Supply Tempers VLCC Outlook
Much like the broader macroeconomic news of the past two weeks, VLCC indicators have been seemingly incongrous. An ominous…
Naphtha Redemption Redux for LR1s
As we noted in this space in April of this year, a surge in Asian naphtha demand provided a…
A Pause in Ethanol Contribution to US Energy Independence
Almost forgotten amidst the current excitement over rising US tight oil production, a critical US policy instrument towards US…
