Bloomberg: Gasoline Barges Advance; ICE Gasoil Gains: Oil Products
“Bookings of fuel oil from Western countries to Asia next month rose 4 percent from a week earlier to…
Lloyd’s List: Baltic Sea Aframax Earnings Rise $11,000 Overnight
“Earnings for aframax crude tankers able to operate in icy Baltic Sea waters rocketed up by more than $11,000…
FSU Pipeline Optionality Shifts Export Flows
Export flows out of Former Soviet Union (FSU) states continue to undergo rather dramatic shifts. A recently completed expansion…
Asphalt Weekly Monitor
- East Coast retail asphalt prices mostly steady – slips lower in some mid-Atlantic areas.
- Wholesale asphalt prices go lower on…
Bloomberg: Scorpio Seen Rising as Tanker Rates Gain Most Since ’08
“Rising Asian demand for naphtha and a shortage of ships hauling the oil product used in everything from Barbie…
Lingering Over-Supply Tempers VLCC Outlook
Much like the broader macroeconomic news of the past two weeks, VLCC indicators have been seemingly incongrous. An ominous…
Asphalt Weekly Monitor
- The Asphalt Institute held its annual winter meeting December 5-7, in Carlsbad, California, with record attendance noted.
- East Coast retail…
Tradewinds: Naptha Fires LR1 Rates
“A surge in Asian demand for naptha is behind a recent rally in long range one (LR1) spot rates,…
Fairplay: LR Rate Surge Explained
“Growing Asian petrochemical production explains why LR2 and LR1 tankers are at 2012 highs, tanker consultancy Poten & Partners…
Naphtha Redemption Redux for LR1s
As we noted in this space in April of this year, a surge in Asian naphtha demand provided a…
