Tag: Crude Oil
U.S. Petroleum Imports Will Be More Than Exports, Forecasts EIA
EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022, says an article published on their website.
Status changed in...
Crude Oil Futures Dip on Stronger Dollar
Crude oil futures inched lower during mid-morning trade in Asia Feb. 17, coming under pressure from a stronger US dollar and a technical correction...
Winter Storm Leads To An Increase In Heating Fuel Demand
Crude oil futures were slightly higher during mid-morning trade in Asia Feb. 16, extending overnight gains, as the ongoing Arctic blast across North America...
Container Volume at Major Chinese Ports Increased 3.3% in Mid-January
Container volume at eight major Chinese ports increased 3.3% year-on-year in mid-January, says an article published in Seatrade Maritime News.
3.3% volume increase
Statistics released by...
Crude Oil Production Cut Down Slows Down Tanker Recover To Second...
According to a Freight Waves article written by their Senior Editor Greg Miller, Analysts have warned that the tanker recovery will be a distant...
Crude Oil at Its Low Point for This Reason
Crude oil rose during mid-morning trade in Asia Dec. 29 as the oil complex was buoyed by bullish sentiment across risk assets emanating from...
Crude Oil Tanker Market To Have A Long & Painful Recovery
The outlook for the global crude oil tanker market remains difficult for the near term, according to a new analysis from maritime research consultancy...
Bunker Demands Back at Pre-pandemic Levels
Very low sulphur fuel oil (VLSFO) production climbed to six-month highs this week as demand for the shipping fuel at most ports are back...
Aframax Tanker Mysterious Voyage & Explosion
Mysterious explosion occurred while an Aframax tanker was loading crude oil at Yemen, Gulf of Aden on Oct 3, reports Maritime Bulletin.
What happened?
Explosion occurred...
Floating Storage Squeezes Supply in the Crude Tanker Market
A sudden plunge in oil demand on account of COVID-19 proved to be a blessing in disguise for the oversupplied crude tanker market...