A Product Tanker Investment Hypothesis, Overextended
Today’s release of the long-awaited Medium-term Oil Market Report (MTOMR) by the International Energy Agency (IEA) featured a more…
Asphalt Weekly Monitor
- The US celebrated Columbus Day and Canada celebrated its Thanksgiving Day on Monday.
- Prices eased lower in a few East…
Financial Times: Oil Groups to Export Crude from US
“Some of the world’s biggest oil companies and traders are poised to export substantial amounts of crude from the…
Bloomberg: Iran Oil Sanctions Boosting Returns for Nordic American
“European sanctions on buying oil from Iran are turning into a windfall for owners of Suezmax tankers, shipping the…
The Wall Street Journal: Natural Gas Glut Pushes Exports
“Energy companies are racing to export natural gas from the U.S. as they search for more-profitable markets amid a…
Slowing Fleet Growth Makes a Reappearance
Although the current macroeconomic environment is weighing on both the dirty and clean tanker sectors, the earnings performance of…
Asphalt Weekly Monitor
- Prices move down in some East Coast retail locations.
- East Coast wholesale asphalt and flux prices hold steady.
- Midwest retail prices…
Business Times (Singapore): More Suezmaxes Hit the Water as Their Fleet Grows
“Owners of tankers holding one million barrels of oil are increasing their share of exports from the Middle East,…
Tradewinds: Suezmaxes Fight for Share
“Suezmax numbers have swollen by nearly 10% so far this year compared to just 1.2% for aframaxes and 8%…
Bloomberg: U.S. Beating Russia in Diesel Shipments Boosts Tankers: Freight
“The U.S. is poised to overtake Russia as the world’s biggest exporter of diesel and heating oil for the…
