News Headlines: Oil retreats after two-day rally on supply issues (Reuters) Oil prices fell on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico’s production and signs that China, the world’s biggest importer, has curbed a recent coronavirus outbreak. ANZ commodity …
Tag archives: WF
Tanker Morning Report 24/08/21
News Headlines: Shipping Moving Towards Zero-Emission Period, but Pace is Still Quite Slow (Hellenic) More needs to be done, in order for shipping to transition to the zero-carbon era. The industry is estimated to be responsible for approx. 3.0% of global CO2 emissions, but several scientists have projected that the …
Tanker Morning Report 23/8/21
News Headlines: OIL DAYBOOK EUROPE: Asia’s Excess Diesel to Head West; Margins (Bloomberg) When the pandemic spread across Asia last year, oil traders sent an armada of tankers to haul excess diesel supplies out of the region. Now, as the delta variant of the coronavirus rips across the continent, the same thing could happen …
Tanker Morning Report 20/08/21
News Headlines: Shipping Moving Towards Zero-Emission Period, but Pace is Still Quite Slow (Hellenic) More needs to be done, in order for shipping to transition to the zero-carbon era. The industry is estimated to be responsible for approx. 3.0% of global CO2 emissions, but several scientists have projected that the sector could account for …
Tanker Morning Report 19/08/21
News Headlines: Tanker Market in the Doldrums As Owners Lose Liquidity By the Day (Hellenic) In stark contrast to the dry bulk and container segments which have been rallying for much of 2021, the tanker market is more than lackluster. Owners have seen their liquidity drained, as earnings have remained below OPEX levels …
Tanker Morning Report 18/08/21
News Headlines: Oil steadies, Delta outbreaks cloud demand prospects (Reuters) Oil prices steadied on Wednesday, after four days of declines with investors still wary about prospects for stronger fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide. Prices Could Move …
Tanker Morning Report 16/08/21
News Headlines: Oil prices pare earlier gains amid worries over COVID case spike (Reuters) Oil prices were mixed on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were offset by worries over slowing global fuel demand amid a spike in the Delta variant of …
Tanker Morning Report 16/08/21
News Headlines: OIL DAYBOOK EUROPE: U.S. Shale Explorers Rev Up Their Rig Count (Bloomberg) Just when it looked like U.S. shale explorers were settling in for slower growth the rest of this year, the oil-rig count jumped the most in four months. OIL FUTURES: Oil Drops as Delta Takes Toll on China as July Apparent Oil …
Tanker Morning Report 13/08/21
News Headlines: OIL DAYBOOK EUROPE: Cheap U.S. Crude Flows to Asia; Pemex Woes (Bloomberg) Asian buyers are snapping up cheap U.S. crude cargoes despite demand concerns due to the latest coronavirus resurgence, with the flurry of deals likely to be at the expense of Middle Eastern barrels. Chinese, Indian and South Korean companies …
Tanker Morning Report 12/08/21
News Headlines: OIL DAYBOOK EUROPE: Red-Hot Summer Fizzles Out; IEA Report (Bloomberg) The dazzling summer that was promised for global oil markets is coming to a subdued end, as the pandemic once again grips the biggest fuel consumers. Just a few weeks ago, Wall Street predictions that crude would hit pre-virus …