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…
A Delayed Launch
Although estimates of how long repair work will last are better left until Motiva completes its inspection assessments, guesses…
US Crude Stock Build Continues
Six weeks ago, we observed that a surprise US crude inventory build was consistent with seasonal patterns, risk aversion…
Chinese Crude Sourcing Offers Continued Support to VLCCs
The rapid growth of Chinese oil product demand, refining capacity and crude imports has been a supportive feature of…
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…
