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…
Brent Premiums Reflect Shifting US Crude Import Patterns
Brent crude’s premium over both Dubai crude and Louisiana Light Sweet (LLS) crude has risen by more than six…
Richmond Refinery Fire Could Decrease Regional Exports
The fire at Chevron’s 257 kbpd Richmond, CA refinery on Monday evening has removed 12% of the state’s distillation…
US Refiners Finally Reducing Crude Inventories
According to monthly data and weekly estimates from the Energy Information Administration (EIA), US domestic crude production continues to…
IEA Trims OPEC Production Capacity Outlook
In addition to cutting demand estimates in its recent Oil Market Report, the International Energy Agency (IEA) sliced its…
Caribbean Refinery Closures Offset by Sagging Demand
During the first quarter of 2012, the dual closure of Valero’s 235 kbpd Aruba refinery and the remaining 350…
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…
