Wet

Canada has the third largest oil reserve behind Venezuela and Saudi Arabia. (more…)

In early June the US Treasury department added several tankers to its Venezuela sanctions lists for allegedly lifting oil from the country between mid-February and...

As we near the halfway point of 2020, it seems like an impossible task to summarize everything that has transpired over the past 6 months....

Libya’s National Oil Corporation (NOC) announced earlier this week that production at the Al-Feel oilfield has restarted, with an initial output of 12k b/d, increasing...

Setting aside the exceptional volatility in tanker rates, Covid-19 outbreak and the dramatic changes in world oil markets, one of the features of the tanker...

In recent weeks, much of the focus in the oil markets has been on the supply side, be it through OPEC+ production cuts, rapidly falling...

In recent weeks, several publicly listed tanker companies announced their decisions to postpone scrubber installations. (more…)

In recent weeks reports about floating storage have featured in the international press... (more…)

In April both crude and product tanker rates surged to record levels, despite the agreement reached between OPEC+ members to cut crude production by 9.7...

Globally the products tanker market is seeing record freight levels in most trading regions. (more…)