Industry Opinions

In this week’s Petroleum Status Report, the US Energy Intelligence Agency (EIA) reported that US commercial crude inventories rose…

Theeey’re baaack. Atlantic Basin refineries that the market had relegated to the graveyard of unfit plants in an expanding…

After languishing below operating costs for almost six months, LR1 earnings on the benchmark Baltic TC5 route, carrying 55,000…

The main culprit behind the recent uncharacteristically deep discount of West Texas Intermediate’s (WTI) price compared to Brent is…

To stop the United States’ gasoline production crashing into the 10% ethanol blending wall, the US Environmental Protection Agency…

Arguments occasionally spawn diversification. Oil pipeline tariff squabbles with Belarus in 2008 prompted Russia to develop alternative routes that…

Over the years, oil refineries along the US Northeast Coast have hit their share of economic potholes. Many of…

The pressure to diversify crude oil sources continues to mount for purchasers of Iranian crude oil. Today, buyers not…

Anyone following the tanker market during the last few years knows that bright spots have been few and far…

In the mid-1970s, the idea of creating a vast reserve of petroleum in the US to buffer the nation…