Tag: Crude Oil
Unprecedented Rise in Crude Oil Shipping Cost As Ships Go For...
According to a Bloomberg report, the cost of hauling oil from the U.S. to China has skyrocketed to nearly $10 a barrel -- almost half...
Tanker Rates Soar As Crude Oil Shipping Demand Increases!
According to a Reuters report, shipping sources have said that a surge in demand to ship the flood of crude oil unleashed by Saudi...
Crude Demand Fall! Traders Resort To Floating Storage on VLCCs
Crude floating storage on VLCCs rises as China demand falls.
This fall has compelled several trading companies and cargo-holders to resort to floating...
Q4 Market: Winter Demand To Support Asian Middle Distillates
There is a 50% cut in Saudi crude production following last month’s attacks on oil infrastructure.
This is likely to result in a...
IMO 2020: Analysis of the Forties De-escalator and Brent Basket!
The sulfur de-escalator was introduced in July 2007 to bring more stability for pricing for the North Sea’s Forties crude.
Quality of the...
Shipping Upgrades To Cleaner Fuel Source As West African Oil Hits...
African states are shaping up as big winners from new rules to cut sulfur emissions from ships.
West African oil hits the sweet...
Lower Crude Prices Puts a Swell on the US Margins
US margins got a boost from lower crude prices, while distillate cracks stubbornly remained range-bound as the countdown to IMO 2020 marches forward, reports...
Who is Willing To Take the Greater Fall in the Trade...
China's plan to put tariffs on U.S. crude oil shows it is willing to take more economic pain in the trade war than...
Chinese Demand for Angolan Oil Revives Ahead of IMO 2020
Angolan oil sales are bouncing back from a dull summer as Asian refining margins have recovered and demand is rising ahead of IMO 2020...
Oil Spikes After API Reports Largest Crude Inventory Draw of the...
Crude oil inventory draw 10.961 million barrels for the week ending July 18, compared to expectations of smaller but significant 4.011-million barrel draw.
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