The VLCC market was hard-pressed to find a means of relief this week from the prevailing lows which have remained since Q3 thanks to lighter activity in the Middle East market.This largely kept downward pressure on rates through most Download  File[PDF]

The recent volatility in crude prices comes as no surprise to the tanker industry.Crude prices fell last week totheir lowest in two months (Brent at $108/bbl), rising again this week to touch $ 116/bbl- a three-week Download File[PDF]

Any owner involved in newbuilding would be extremely foolish not to incorporate at least some fuel-efficiency Download File[PDF]

The pace at which owners are phasing out order tanker units has decelerated in recent weeks and, with the pace of newbuilding deliveries having remained generally stable, fresh questions have been raised as to the extent Download  File[PDF]

The VLCC market closed last week with expectations that the preceding days' gains would be extended during this week given the fact that the prevailing supply/demand ratio in the key Middle East market had improved significantly Download  File[PDF]

Following on from last week's discussion of Aframax demand in Europe, this week we focus on Aframax supply to further debate the future for this versatile sector. Download File[PDF]

Facing rapid fleet growth and limited organic volume from its traditional load regions, Suezmaxes have had to fight for market share from other dirty vessel classes. Continued deliveries of Suezmaxes have driven 9% growth in the Download File[PDF]

Mexico's state oil monopoly, Pemex, announced today that the company produced 2.550 mbpd of crude oil in August, compared with 2.523 mbpd in July, marking its highest level of output so far this year. The company also reported a Download File[PDF]

It comes as no surprise to anyone that North Sea crude productionis in decline.The region's oil output has nearly halved since 2000 to 3.25 million b/d during the first seven months of this year and further losses are anticipated Download File[PDF]