Export flows out of Former Soviet Union (FSU) states continue to undergo rather dramatic shifts. A recently completed expansion of the Eastern Siberia-Pacific Ocean (ESPO-2) pipeline will give producers in the FSU further Download File[PDF]

The final VLCC actively engaged in trading exited from the fleet this wee.Market sources reported that CPC's VLCC ''Dr Yun'' (262,618 DWT; Built 1994)has been sold to Chinese ship breakers. It is believed that the tanker was Download File[PDF]

The Atlantic Basin , particularly Europe, has witnessed the closure of many refineries this year , leading to a reduction in refinery capacity in excess of 1.1 million b/d. There are expected to be further closures next year
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Much like the broader macroeconomic news of the past two weeks, VLCC indicators have been seemingly incongrous. An ominous milestone was reached last week when the Baltic Exchange marked five-year double-hull Download File[PDF]

Throughout the year, headlines related to the energy market have been saturated with stories regarding the US oil boom. Oil production in the US was almost 6.5 million b/d at the end of September, the highest level since the Download File[PDF]

As we noted in this space in April of this year, a surge in Asian naphtha demand provided a brief respite for LR1 tanker owners operating along the benchmark Baltic TC5 route. We likewise noted that the rate spike was
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Fresh activity materialized a markedly slower pace this week across all VLCC markets, souring sentiment and causing rates to pare some of the recent weeks' gains. Though the prevailing supply/demand ratio does not Download File[PDF]

Almost forgotten amidst the current excitement over rising US tight oil production, a critical US policy instrument towards US energy independence has been the promotion of ethanol blended gasoline. In late 2007, the Energy Download File[PDF]

At last we have some excitement in a crude tanker segment. VLCCs have burst into life in the last 10 days, offering some much needed respite for their owners. Download File[PDF]