Recovering Chinese Data Supporting Oil Imports
As China’s new fifth generation leaders were announced to their public this week, a wave of encouraging assessments of…
Post-Sandy Focus Shifting to Distillate Markets
With the New York City area facing severe shortages of gasoline following Hurricane Sandy — featuring the unwanted 1970s…
Hurricane Sandy Reverberates throughout Oil Supply Chain
Hurricane Sandy captured headlines during the past week, and her effects will be felt throughout the Northeastern United States…
China’s Teapot Refineries Face Regulatory Challenges
China’s independent petroleum refining industry comprises an estimated one-fifth of the nation’s nameplate capacity – or some 2 mbpd….
California Gasoline Situation Stabilises
Following a 50-cent per gallon spike that sent California retail gasoline prices to record levels and as high as…
A Product Tanker Investment Hypothesis, Overextended
Today’s release of the long-awaited Medium-term Oil Market Report (MTOMR) by the International Energy Agency (IEA) featured a more…
Slowing Fleet Growth Makes a Reappearance
Although the current macroeconomic environment is weighing on both the dirty and clean tanker sectors, the earnings performance of…
Oversupplied Suezmaxes Fight for Market Share
Facing rapid fleet growth and limited organic volume from its traditional load regions, Suezmaxes have had to fight for…
Mexican Oil Production Stabilises
Mexico’s state oil monopoly, Pemex, announced today that the company produced 2.550 mbpd of crude oil in August, compared…
Rising Oil Market Uncertainty Surrounds Tanker Market
The recent Oil Market Report (OMR) from the International Energy Agency (IEA) was unremarkable in its lack of revisions…
