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…
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…
