Markets

Malta-flagged Iranian crude oil supertanker "Delvar" is seen anchored off Singapore in this March 1, 2012 file photo. The United States expects countries that buy oil from Iran to further reduce their purchases if they want to avoid U.S. sanctions, a State Department source said on December 5, 2012. REUTERS/Tim Chong (SINGAPORE - Tags: BUSINESS POLITICS ENERGY MARITIME)

July 18, 2018

China’s crude import growth slips into the red; may fall further

The pace of growth in China’s crude imports may slow in H2 as a cocktail of lower runs at independent refiners, potential delays in the...

July 17, 2018

Vale notches record Q2 iron ore, pellet output despite trucker strike

Brazil’s Vale SA achieved record iron ore and pellet production for a second quarter despite a nationwide trucker strike that paralyzed Latin America’s largest economy...

July 16, 2018

Gibson Weekly Tanker Market Report [W28]

When Donald Trump decided to run for the US Presidency, “America First” was the overriding theme of his campaign... (more…)

July 13, 2018

Shanghai rebar hits 10-month top as China’s pollution fight intensifies

China’s rebar steel futures rallied more than 3 percent to their highest in 10 months on Thursday amid potentially tighter supply as the government intensifies...

July 13, 2018

China’s independent refiners to slow crude imports in H2 as tax reforms pinch

The growth in crude oil demand from China’s independent refiners is expected to take a hit in 2018 as tighter tax regulations take hold, forcing...

July 12, 2018

Fearnleys Weekly Report [W28]

As we are moving towards the end of July cancelling, the VLCC market is still in the same state as last week. (more…)

July 10, 2018

BIMCO: A historically bad crude oil tanker market struggles to find solid support

Crude oil tanker earnings have since records began, never been this bad. (more…)

July 9, 2018

Gibson Weekly Tanker Market Report: Scrubbers Again & Again [w27]

One of the most hotly debated subjects in the shipping markets this year has been the approaching IMO global sulphur cap of 0.5% on marine...

July 6, 2018

U.S.- Iran tensions rise over oil route

The U.S. Navy stands ready to ensure free navigation and the flow of commerce, the U.S. military’s Central Command said on Thursday, as Iran’s Revolutionary...

July 4, 2018

Crude imports into USAC seen falling as market struggles to strengthen: sources

The role of the US Atlantic market in clearing crude oil barrels from West Africa and Europe is likely to diminish through August as a...

July 3, 2018

China Will Halt a Disorderly Yuan Slide – Morgan Stanley

China is not using yuan depreciation as a tool in its trade conflict with the U.S., and will likely step in to avert any disorderly...

July 3, 2018

Oil climbs on Libya force majeure, Canada outage

Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted U.S....

July 3, 2018

With China’s economy under threat, iron ore prices seen sliding further

Signs of a slowing Chinese economy and risks from steep tariffs brought in during a festering Sino-U.S. trade row will curb demand for steelmaking material...