Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of crude oil. These cuts are increasing prices for these grades compared with sweet crude oils, reversing typical price relationships.

Crude oil

Clean
The BCTI finished the week at 869, up from 849 the previous week.

Rates for MRs in the US have flattened out slightly following the steady falls experienced since September. TC14: 38k US Gulf / UK-Continent finished the week unchanged at

What Russia announced
Russia announced that it would be temporarily banning the export of diesel and gasoline in order to try to take some pressure off domestic fuel prices. The ban comes into effect from 21 September with no end date

We’re back with the latest Xeneta and Marine Benchmark Carbon Emission Index (CEI) edition. In this analysis, we’re examining the trade route between the Mediterranean and the US East Coast. For Q2, Hamburg Süd topped the list of carriers with

North America

Houston has experienced a drop in bunker demand this week after robust demand last week. Availability of VLSFO and LSMGO has been good, and some suppliers can deliver both grades within 3-5 days. Prompt HSFO supply is also possible

The third week of September began on a positive note for VLCC crude oil freight rates, moving well off the August lows and setting a more energetic tone in the transition from the summer season. It remains uncertain whether this

Crude oil storage levels affect global market trends. During the Covid pandemic, for example, inventories were an important influence on crude oil prices, as falling demand resulted in high levels of floating storage. China’s example is particularly notable; as the

Northwest Europe

HSFO availability has improved a bit in Rotterdam and in the wider ARA hub. Some suppliers can offer the grade for prompt delivery dates, unlike last month when supply was limited, a source says. Lead times of 5-7 days

As part of the implementation process of the EU emission trading system (ETS) directive for the maritime sector, the Commission held a public consultation on the list of non-EU neighbouring ports that would fall under the “transhipment clause” that has

This week, Torben Carlsen, CEO of DFDS and chairman of Danish Shipping participates in the European Shipping Summit 2023 to bring Danish Shipping’s priorities forward to decision-makers in the EU institutions. Ambitious regulation and investments in the green transition of