Wall Street Journal: Lackluster Oil Demand Calls Into Question IEA Motives
“Traders have been left questioning the International Energy Agency’s motives for its emergency stock release this month as demand…
Uncle Sam Slight of Hand
The move this week by President Obama and his administration to release Strategic Petroleum Reserve (SPR) crude oil should…
Asphalt Weekly Monitor
- East Coast asphalt and flux retail prices mostly flat, with some narrowed or lower ranges.
- Midwest wholesale prices decline—some retail…
Financial Times: Record US Oil Sale Eases Global Supply Picture
“The US on Friday raised billions of dollars by selling the biggest ever amount of oil from its strategic…
Tradewinds: Don’t Fire Order Gun
“A rush of more than 50 suezmax newbuilding orders last spring set back a recovery in the market by…
Bloomberg: LNG Ship Rents May Rise to 8-Year High as Japan Cargoes Expand
“The cost of hiring ships to haul liquefied natural gas may exceed $100,000 a day for the first time…
Yard Trips Sink Ships
Public companies, private equity groups and new entrants to the shipping markets convened at various finance conferences this week…
Lloyd’s List: Asia set to Deliver Tanker Salvation
“The truth about today’s tanker recession is that it is scaring almost no one. Owners are universally looking east…
Lloyd’s List: Tanker Optimism Against the Odds
“An Interesting thing happened on the way to the tanker crisis: tanker owners are not wearing a look of…
Pier Pressure
The proposed project to expand Pier 400 – Berth 408 in the port of Los Angeles has engendered a…
