Tag: crude
Tanker Freight Rates Tumble Due To Unwinding Floating Storage
Diamond S currently owns 66 ships across both the crude and product tanker segments.
It comprises of 15 Suezmaxes, one Aframax, and 50...
Rebound Hopes for Shipping Industry A Distant Dream
Orders for new oceangoing ships are at record lows as carriers sit on the sidelines.
COVID-19 pandemic has left cargo carriers’ demand forecasts...
Container Volume at Major Chinese Ports Declined UpTo 15% in Early...
Cargo throughput at major Chinese ports declined 5.6% and Yangtze river hub ports dropped 11.8% during the first ten-day period of May.
The...
Why Petrol & Diesel Prices Remain The Same Despite Crude...
Crude oil trends and prices experience bouts of volatility as storage fills across the world.
The historic rout in oil markets sent the...
Tanker Rates Double As More & More Crude Goes for Storage!
According to a Reuters report, supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble...
How OPEC’s COVID-19 Measures Cripple Shipping?
1 million-barrel-per-day (b/d) production cut from OPEC+ jumped to 1.5 million b/d.
Crude prices fell by 2% despite the OPEC news and depend...
What Will Happen To Shipping If Crude Prices Collapse?
Crude prices are facing a bleak future with coronavirus and collapse of OPEC+.
Saudi Arabia ramping up from production from 9.7 million barrels...
European LSFO Competing With Singapore Crude Amidst LSSR Price Rise
Algeria's LSFO finds increased demand as part of the 0.5% marine fuel blending pool.
Crude factors have gone from $7.40/b premium on January...
Crude Cargoes Sell As New IMO Rules Loom
Angolan crude cargoes flew off the shelf this week as refiners mopped up heavy, sweet oil that produces high yields of fuel that will...
Equinor To Ship First Sverdrup Oil Worth $60 Million To China
Equinor to ship the first cargo of crude produced at Norway's Johan Sverdrup oilfield to China, reports Reuters.
The first cargo of crude
The first cargo...