Tag: oil demand
Key Factors Expected to Weigh on Asian Middle Distillates This Week
Sluggish regional demand, unviable East-West arbitrage economics and concerns over ballooning supply were the key factors expected to weigh on the Asian middle distillates...
Growing Optimism in Tanker Market
With oil prices taking a turn upwards and demand expected to pick in the second half of the year, shipbrokers are examining whether this...
Fujairah Bunker Fuel Weak, Stocks Climb Up
The pandemic's impact on oil demand took a chunk out of Fujairah's bunker demand last year.
Cockett Marine Oil chief executive Cem Saral said that with fewer...
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...
The World May Run Out of Oil Supplies in The Next...
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to...
Tanker Scrapping ‘On the Rise’ Amid Dampening Oil Demand
The fall in crude oil demand has hit the tanker market hard.
The oil price dip led to the surge in Chinese imports...
Freight Rates Slump To 12 Month Low As Oil Production Cuts...
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand...
Fresh Demand Worries Keep the Oil Indexes in Turmoil
According to a MABUX press release, MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in...
Freight Rates Decline by 61% Due To Supply Drop and Low...
A drop in cargo supply has pushed clean tanker freight down to 61%.
Refineries have slowed throughput and oil product demand is low.
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