Industry Opinions

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…

The refined product imbalance between the United States and Europe is a structural blessing for trading companies and ship…

Between the protracted inaccessibility of credit and mixed optimism on recovery in the freight markets, tanker asset prices have…

For the past year, discussions of the Arabian Gulf to United States VLCC market have been largely focused on…

Acute bleeding in the refining complex around Philadelphia has started to erode a stalwart tanker trade. The West Africa…