Back in June, Venezuelan president Hugo Chavez stated that his government planned to more than double the country’s oil production capacity to 6 million b/d by 2019 if re-elected this October. The plan included further Download File[PDF]

Reports circulating his week that Frontline 2012 has ordered 4 newbuilding ECO-designs VLCCs for a rather attractive price of $87.5m are understood to be baseless, but it could Download  File[PDF]

Miserable dirty tanker earnings and strong marine fuel prices are placing unrelenting pressure on tanker owners. With the dirty tanker market clearly out of supply/demand equilibrium -- from both weak demand fundamentals Download File[PDF]

Brent crude’s premium over both Dubai crude and Louisiana Light Sweet (LLS) crude has risen by more than six dollars per barrel in the last six weeks. At the same time low production and upcoming field maintenance push Brent Download File[PDF]

Spot tanker freight rates are well known for its volatility.This year is no exception and the tanker industry has seen several major "turnarounds" in a number of sectors. Perhaps, one of the clearest examples Download File[PDF]

A wider trans-Atlantic gasoline arbitrage this week saw a significant rise in fixture activity on the trans-Atlantic MR routes. Rates on the CONT-USAC route gained 17.5 points to ws130, boosting TCE returns by 90% Download  File[PDF]

At the start of August, McQuilling Services published our 2012 Tanker Market Outlook Mid-Year Update. This report gauges tanker market activity during the first half of 2012 and provides an outlook for the second half of the Download File[PDF]

Before the Fukishima meltdown in March 2011, Japan relied heavily on nuclear power to generate its energy; 50 nuclear reactors supplied the nation with 30% of its electrricity needs.Today only two reactors are Download File[PDF]

The fire at Chevron’s 257 kbpd Richmond, CA refinery on Monday evening has removed 12% of the state’s distillation capacity, boosting clean product prices and prompting market speculation that increased product imports could bolster Download File[PDF]

The VLCC market has come off considerably from the highs observed during much of 1H12.Despite a return to stronger activity on the long-haul routes to deliver crude to economies in the East from production points in the Download  File[PDF]