PADD 1 Crude Imports Poised to Rebound
At first glance, crude oil import data for PADD 1 (representing the US East Coast) might suggest that volumes…
Shifting Panamax Supply Boosts Earnings
Panamax spot earnings in the Atlantic basin have been climbing consistently over the past month, especially for Panamaxes trading…
Shifting FSU Export Flows
After providing 2.8 mbpd of incremental liquids supply during 2004-09, production growth in the former Soviet Union (FSU) slowed…
Chinese Data Pressures Outlook
For the past ten years, China has been a reliable source of bullish macroeconomic indicators across many sectors, although…
After the Stock Build
In this week’s Petroleum Status Report, the US Energy Intelligence Agency (EIA) reported that US commercial crude inventories rose…
Zombie Refineries
Theeey’re baaack. Atlantic Basin refineries that the market had relegated to the graveyard of unfit plants in an expanding…
Naphtha Redemption for LR1s?
After languishing below operating costs for almost six months, LR1 earnings on the benchmark Baltic TC5 route, carrying 55,000…
Removing Bottlenecks
The main culprit behind the recent uncharacteristically deep discount of West Texas Intermediate’s (WTI) price compared to Brent is…
The Buzz to Come
To stop the United States’ gasoline production crashing into the 10% ethanol blending wall, the US Environmental Protection Agency…
Diversifying Outlets
Arguments occasionally spawn diversification. Oil pipeline tariff squabbles with Belarus in 2008 prompted Russia to develop alternative routes that…
