Zombie Refineries
Theeey’re baaack. Atlantic Basin refineries that the market had relegated to the graveyard of unfit plants in an expanding…
Asphalt Weekly Monitor
- East Coast retail asphalt price ranges mostly unchanged – increases in Florida panhandle.
- East Coast wholesale asphalt price assessments steadfast…
Bloomberg: Supertankers Delayed in China as Nation Fills Strategic Reserves
“Delays emptying supertankers at ports in China are spiraling as the world’s biggest energy consumer scours the globe for…
Reuters: LR Clean Tanker Rates Steady, Naphtha Demand Helps
“Tanker rates for refined petroleum products on top export routes were steady on Monday, with firmer Asian naphtha demand…
Bloomberg: Asian Naphtha Demand Boosts Product Tankers, Morgan Stanley Says
“Strengthening naphtha demand from Asian petrochemical plants is boosting charter rates for product tankers hauling the feedstock, Morgan Stanley…
Naphtha Redemption for LR1s?
After languishing below operating costs for almost six months, LR1 earnings on the benchmark Baltic TC5 route, carrying 55,000…
Asphalt Weekly Monitor
- East Coast retail asphalt price ranges steady, except some narrowing in Florida.
- The FOB East Coast wholesale asphalt price assessment…
Bloomberg: Rates Rising as Record Chinese Oil Imports Affect Ships
“Record Chinese oil imports are emptying the Atlantic Ocean of very large crude carriers and their 2 million-barrel cargoes,…
Removing Bottlenecks
The main culprit behind the recent uncharacteristically deep discount of West Texas Intermediate’s (WTI) price compared to Brent is…
Asphalt Weekly Monitor
- East Coast retail asphalt price ranges steady, except some increases in Florida.
- Some East Coast asphalt wholesale price assessments slip…
