Over the past few weeks, the West – East High Sulphur Fuel Oil (HSFO) arbitrage has firmed substantially from a
It is official. After weeks of speculation and some minor reshuffling in terms of meeting dates, in early July OPEC+
The recent explosion at Philadelphia Energy Solutions’ (PES) 335,000 b/d Philly refinery has come at an opportune time for product
2019 so far has proved to be a year dominated by geopolitical events. The US Administration has placed sanctions on
As we noted in our report dated 7th June, the slowing global economy, partly driven by the ongoing US-China trade
With US sanctions on Iranian crude exports now in full flow, Iran’s oil revenues are in quick decline, with sources
China officially increased tariffs up to 25% on $60 billion of US products from 1st June, following the US decision
Many industries, including shipping, are facing an increasing environmental pressure to act upon the Paris Agreement. In April last
Many tanker market participants have placed significant faith that both fundamental developments and short term disruptive factors will push
Not in a long time has the geopolitical situation in many of the worlds largest crude providers been so precarious.