BIMCO’s SNOW: US crude oil production takes 1.1m bpd hit due to snowstorm Texas is by far the largest crude oil producing state in the US, accounting for 43.0% of…
BIMCO: The collapse of the oil and bunker fuel markets in early 2020 The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020…
BIMCO:Â OPEC+ production cuts will end profitable crude oil tanker journeys Members of OPEC and allies (OPEC+), agreed to a historic production cut of 9.7 million barrels of crude oil per…
Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting Callum MacPherson, Investec’s Head of Commodities “Over the last half of this year, the…
OPEC Meeting – views from Callum MacPherson’s, Investec’s Head of Commodities, views on the oil market following Friday’s OPEC meeting. Callum Macpherson comments: On Friday, OPEC reached an agreement to keep the…
Investec’s Head of Commodities, Callum MacPherson, comments on this morning’s OPEC meeting in Vienna: “Brent touched lows just under 73 $/b yesterday, but has recovered towards 74 $/b, seemingly after…
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Awaiting the outcome of the OPEC meeting and ahead of key data releases today, major currency pairs were range-bound in early European trade on…
After October’s improvements to VLCC spot rates and TC rates in other sectors, OPEC strategy and the protectionist threat loom over the market London, November 22, 2016. Maritime Strategies International (MSI),…
The new EIRA Newsletter is out, Volume 4 Issue II – above all it is more than interesting this time to study its editors letter and sent us your comments;…
Tanker market upside constrained by fleet growth and demand side risks Low oil prices present floating storage potential amid OPEC obstinacy on production. London, Â February 16, 2016. The latest Tanker…
Deep down my heart and conscience I am pleased with this outcome of the destruction of the dry and wet markets, as the perpetual euphoria some years ago  (11, 793…