Lloyd’s List: Busy US Gulf Props up MR Product Tanker Market
“Oil products flowed out of the US Gulf on medium range product tankers this week, creating the busiest global…
Lloyd’s List: Rising US Crude Output Cuts Global Tanker Demand
“The tanker market is becoming ever more reliant on Asia to offset the decline in tonne-miles generated from US…
Tradewinds: Gunvor Buys Antwerp Refinery
“Gunvor has bought a refinery in Antwerp from Petroplus, the Swiss refiner that filed for insolvency in January. The…
Bloomberg: April Fuel Oil Cargoes Booked to Singapore at 2.6 Million Ton
“Fuel-oil cargoes currently poised to arrive in Singapore from outside Asia next month are at 2.6 million metric tons,…
Lloyd’s List: VLCCs Still in Demand Even as US Looks to Cut Oil Reliance
“The rise in North American production in recent years has even created a glut of oil stored at Cushing,…
Bloomberg: U.S. Refinery Expansion May Spur Demand for Supertanker Cargoes
“The expansion of Motiva Enterprises LLC’s refinery could spur increased demand for supertankers hauling Persian Gulf crude oil westbound,…
Fairplay: Middle East – The Hormuz Effect
“This could finally be the year when decades of tension between Iran and its nemeses in Israel and America…
Reuters: Iran’s Seaborne Trade Suffers as Sanctions Mount
“Seaborne trade is withering as sanctions are stepped up against the Islamic Republic, freezing bank finance and deterring many…
Lloyd’s List: US Sanctions Leave Room for Manoeuvre
“Washington has been lobbying for international sanctions against Iran for years, and its efforts came to fruition last month….
Bloomberg: Libya Crude Bookings Rise to 1 Million Barrels a Day Next Week
“Nine tankers have been booked so far to load about 1 million barrels a day of crude oil in…