Market Reports

Spot VLCC earnings were in the negative territory for most of last year, with TD3C averaging minus $250/day on a slow steaming, non-scrubber, non-eco basis......

In recent weeks, headline refining margins have surged to record levels, whilst clean tanker rates have also tested or exceeded previous records depending on the...

Tanker investments these days are not a straightforward decision... (more…)

As the sanctions effort ramps up against Russia, governments around the world are seeking ways to wean themselves off Russian oil, whilst also managing the...

The combination of high oil prices and the need to find alternatives to Russian crude has led to renewed interest in North Sea oil from...

While the sanctions’ list against Russia is growing longer as the days go by, the International Energy Agency (IEA) is warning that Russian exports of...

Each week, Gibson monitors developments in refined product and crude oil inventories. (more…)

Surging global oil prices and Russian sanctions are forcing Western governments to approach those countries they previously sanctioned in response to alleged human rights and...

Yesterday’s sudden invasion of Ukraine will have major ramifications, not just for the energy markets, but also for the security of Europe... (more…)