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…
Tightening European Diesel Market yet to Stimulate MR Demand
A series of refinery outages in the Atlantic Basin and anticipated seasonal maintenance have sharply tightened regional gasoil balances…
Tanker Optimism Must Wait for Macro Improvement
Like tanker company earnings reports, the Poten Weekly Tanker Opinion has made for grim reading in recent weeks, with…
Tanker Earnings and the Value of a Third Special Survey
Miserable dirty tanker earnings and strong marine fuel prices are placing unrelenting pressure on tanker owners. With the dirty…
