Historically, there has been a strong correlation between tanker spot and time charter rates, with period rates tracking (with some

During the first week of July, the well documented arrest of the 300,000 dwt ‘Grace 1’ by the British government

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