A predictable open-ended outcome at the latest technical meeting in Istanbul between Iran and 6 world powers has only reinforced the perception that Iran is trying to buy time. The implementation of the US and EU sanctions has to Download File[PDF]

In its recent Oil Market Report (OMR), the International Energy Agency (IEA) kept its forecast for 2012 global oil demand roughly unchanged, while lowering its estimates for 2013 global oil demand growth from those levels Download File[PDF]

For thousands of years, social networking has played an important role in the shipping industry. This cultural phenomenon can simply be defined as the interaction between a group of people who share a common interest. In the Download File[PDF]

MR tankers had been pegged a year ago as having strong forward prospects relative to their larger crude carrying counterparts.Declining reining capacity in the Caribbean and on the Us' East Coast raised prospects Download  File[PDF]

Over the past month, average spot market earnings in the VLCC sector have declined sharply, losing 70% to ~$11,200/day today-a level very close to where earnings stood a year ago.During 1H12, however average earnings stood at $32,500/day,representing a 46% gain from 1H11 on the back of Download  File[PDF]

Although the Japanese government has approved the start-up of two nuclear reactors in July in order to avoid power shortages during peak summer demand, the removal of virtually all of Japan’s nuclear generating capacity following the Fukushima disaster in 2011 should continue to support LNG, fuel oil and Download File[PDF]

Like mosts industries ,the tanker market is ultimately driven by supply and demand fundamentals.When the supply/demand balance is weak the market is low:we are definately in a weak balance at the moment.However unlike many businesses,the tanker market is also prone to a high dose of market psychology Download File[PDF]

The dominating story in the earlier part of this year was the tightening of sanctions against Iran and its impact, not just on the tanker market, but also oil and bunker prices. Of course Iran was not the only threat to crude oil supply, disruptions in Syria and Sudan all added to Download File[PDF]

Similar to the rest of the world, US oil demand has been under pressure as a weak global economy has reduced
consumption and increased volumes of substitute productsconsumption and increased volumes of substitute products are being harnessed. However, the Energy Information Administration (EIA)Download File[PDF]

Choreographing the intricate meshing of untried equipment during the commissioning of a new refinery sometimes experiences mis-steps. Motiva's troubled start-up of their 325 kdpd Port Arthur refinery expansion underscores this observation. Stung by equipment corrosion incurred during Download File[PDF]