April 3, 2020
Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a...
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Markets
April 3, 2020
Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war,...
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April 2, 2020
Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being sought as land storage sites...
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April 2, 2020
The VLCC market continues to full speed ahead. MEG/China now done a couple times at W210, one by a Shell relet named "Advantage Value, which...
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April 1, 2020
There is an old, allegedly Chinese, saying suggesting that living in “interesting” times usually refers to times of trouble. (more…)
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April 1, 2020
Oil traders across the globe are offering cargoes far in advance as rapidly vanishing demand drives key physical crude prices to multi-decade lows, with some...
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March 31, 2020
Iron ore futures in China and Singapore fell on Monday on renewed doubts over whether massive worldwide stimulus measures will be enough to buttress a...
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March 30, 2020
In one of the most uncertain peacetime periods ever witnessed, trying to make a call on the future direction of the market is a near...
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March 30, 2020
Traders have chartered at least five supertankers in the past day with options to store oil at sea as global stocks mount after the United...
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March 27, 2020
China bought 6 million mt of soy from the US in the first two months of 2020, up 500% year on year as it ramped...
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March 26, 2020
Norwegian oil firm Equinor plans to cut investments, exploration drilling and operating costs by around $3 billion to help weather the coronavirus crisis and low...
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March 26, 2020
China’s soybean imports from the United States in the first two months of the year rose sixfold from the same period last year, customs data...
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March 26, 2020
From withering heights, VLCC rates have seen a slow but steady decline in the week gone by. (more…)
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March 25, 2020
There is no doubt that the Covid-19 pandemic crisis is a world-shattering event that will change the world as we know it. (more…)
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March 24, 2020
Brazilian miner Vale SA said on Monday that it would suspend operations at its Teluk Rubiah distribution terminal in Malaysia, which is expected to reduce...
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