Brent Premiums Reflect Shifting US Crude Import Patterns
Brent crude’s premium over both Dubai crude and Louisiana Light Sweet (LLS) crude has risen by more than six…
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Tanker Opinions
Poten & Partners tanker research and consulting group monitors and analyzes tanker market and energy developments around the world and advises companies on strategy development and implementation. Below you will find our team’s Weekly Tanker Opinions. To subscribe, click here.
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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…
IT Admin
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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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…
IT Admin
Caribbean Refinery Closures Offset by Sagging Demand
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During the first quarter of 2012, the dual closure of Valero’s 235 kbpd Aruba refinery and the remaining 350…
IT Admin
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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A Delayed Launch
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Although estimates of how long repair work will last are better left until Motiva completes its inspection assessments, guesses…
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US Crude Stock Build Continues
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Six weeks ago, we observed that a surprise US crude inventory build was consistent with seasonal patterns, risk aversion…
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Chinese Crude Sourcing Offers Continued Support to VLCCs
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The rapid growth of Chinese oil product demand, refining capacity and crude imports has been a supportive feature of…
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PADD 1 Crude Imports Poised to Rebound
IT Admin
At first glance, crude oil import data for PADD 1 (representing the US East Coast) might suggest that volumes…
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Shifting Panamax Supply Boosts Earnings
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Panamax spot earnings in the Atlantic basin have been climbing consistently over the past month, especially for Panamaxes trading…
