Tanker Optimism Must Wait for Macro Improvement
Like tanker company earnings reports, the Poten Weekly Tanker Opinion has made for grim reading in recent weeks, with…
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Industry Opinions
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Japan’s Anti-Nuclear Drive Gains Momentum
IT Admin
Despite the restart of two units at Kansai Electric’s Ohi facility last month, prospects for Japan’s other 48 nuclear…
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Tanker Earnings and the Value of a Third Special Survey
IT Admin
Miserable dirty tanker earnings and strong marine fuel prices are placing unrelenting pressure on tanker owners. With the dirty…
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Brent Premiums Reflect Shifting US Crude Import Patterns
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Brent crude’s premium over both Dubai crude and Louisiana Light Sweet (LLS) crude has risen by more than six…
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Richmond Refinery Fire Could Decrease Regional Exports
IT Admin
The fire at Chevron’s 257 kbpd Richmond, CA refinery on Monday evening has removed 12% of the state’s distillation…
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US Refiners Finally Reducing Crude Inventories
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According to monthly data and weekly estimates from the Energy Information Administration (EIA), US domestic crude production continues to…
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European Terminal Operators Rethink Strategies
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European terminal operators are looking for new service offerings as utilization rates slide across their import facilities. Service diversification,…
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IEA Trims OPEC Production Capacity Outlook
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In addition to cutting demand estimates in its recent Oil Market Report, the International Energy Agency (IEA) sliced its…
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Caribbean Refinery Closures Offset by Sagging Demand
IT Admin
During the first quarter of 2012, the dual closure of Valero’s 235 kbpd Aruba refinery and the remaining 350…
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Moderating IEA View Limiting Tanker Outlook
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In its recent Oil Market Report (OMR), the International Energy Agency (IEA) kept its forecast for 2012 global oil…
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Japanese Utility Demand Supports Aframaxes
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Although the Japanese government has approved the start-up of two nuclear reactors in July in order to avoid power…
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New Finds Boost Anadarko’s Mozambique Advantage
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As drill bits continue to hit gas in East African waters with exciting regularity, Anadarko Petroleum is fast laying…
