Petroleum Economist: Oil-Indexed LNG Coming Under Pressure in Asia
“Big Asian LNG customers are investigating alternative formulas to existing oil-linked contracts. But a switch to LNG prices based…
Bloomberg: Shell Says Japan Nuclear Accident to Support Long-Term Global Gas Demand
“Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, said Japan’s nuclear accident will support world natural gas demand…
Reuters: US Clean Oil Product Exports Jumped Thirty Percent
“U.S. exports of clean refined oil products in 2010 were 30 percent higher compared with 2009, U.S. shipbroker Poten…
Tradewinds: Glencore Profits jump 40%
“The world’s largest commodity trader reported revenues of almost $145bn compared with the $106bn seen last year, a rise…
Lloyd’s List: China Crude Imports to Hit 350m Tonnes
“China’s crude imports are forecast to reach 350m tonnes, equivalent to 6m barrels per day, by 2015 — benefiting…
Lloyd’s List: New Ships to Depress Time Charter Rates to Eight-Year Low
“One-year and three-year time charter rates for dirty tankers will fall to eight-year lows in 2011, as high numbers…
Tradewinds: Vitol Sees Volumes Jump
“Vitol, the world’s largest oil trader, has seen trading volumes rise 25% in 2010 compared with the previous year…
Reuters: Freight Rates Seen Rebounding 80% in H1
“Freight rates for the largest oil tankers are expected to rebound nearly 80 per cent in the first half…
Financial Times: Pitfalls of the US Cheap Gas Habit
“It could well be that among America’s current ‘false friends’ is the depressed domestic natural gas price. Prices are not…
Bloomberg: Profit Gain in Singapore Bunkers May Jump 24%
“The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24…
