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…
Cyprus Deems Second Bid Round A Success
Despite saber-rattling from Turkey, a host of bidders responded to the recent offshore licensing round held in Cyprus. Nicosia…
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…
Poten Report: Charter Rates Rise On Tight Availability
An extremely tight LNG shipping market with “zero structural availability” has driven charter rates to record levels over $100,000…
