News Headlines: U.S. Sees Record Permian Oil Production in December (Bloomberg) Oil output in the Permian Basin is projected to hit a record as the largest U.S. shale patch leads the recovery in domestic production from its Covid-19 induced slump. Supplies from the prolific oil field of West Texas and New Mexico are set …
Tag archives: WF
Evening Tanker FFA Report 15/11/21
Tanker Report 15/11/21 Trades Recap: A quiet start to the week in the Tanker FFA market. TC2 Dec continued to trade down, with 158 trading on Friday down to 156 today. TC2 Q1 also came off slightly, with 19.80 trading outright and the Q1/Q2 spread trading at .95 (19.80/18.85). TC5 Dec improved from yesterday …
Morning Tanker FFA Report 15/11/21
News Headlines: ASIA-AMERICAS FUEL: November Shipments Jump On Jet Fuel Pick-Up (Bloomberg) November-loading shipments of clean fuels from Asia to the Americas rose to 295k tons as of Monday, from 105k tons a week earlier, according to data compiled by Bloomberg. * Five cargoes were booked on the route last week, including two alkylate and …
Morning Tanker FFA Report 12/11/21
News Headlines: Oil prices on track for weekly dip as dollar firms (Reuters) Oil prices fell on Friday, wiping out gains from the previous session, as the dollar continued to gain on bets the U.S. central bank will bring forward plans to raise rates to tame inflation. U.S. West Texas Intermediate (WTI) crude futures fell …
Tanker FFA Morning Report 11/11/21
News Headlines: Oil prices steady after falling on signs U.S. may release more reserves (Reuters) Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States, spurred by climbing energy costs, may prompt the government to release more strategic crude stockpiles to drive down prices. …
Morning Tanker FFA Report 10/11/21
News Headlines: Oil rises on surprise U.S. crude stockpile decline (Reuters) Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell last week just as near-term travel demand picked up with COVID-19 pandemic curbs easing. Brent crude futures were at $85.22 a barrel …
Tanker FFA Morning Report 9/11/21
News Headlines: Oil steady amid rosier outlook for global economy, fuel demand (Reuters) Oil prices were steady on Tuesday after two straight sessions of gains as the passage of a U.S. infrastructure bill, strong Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand. Brent crude was down 2 cents at …
Morning Tanker FFA Report 8/11/21
News Headlines: Oil gains after U.S. infrastructure bill passes, Chinese exports rise (Reuters) Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude. Brent crude was up by 86 cents or …
Morning Tanker FFA Report 5/11/21
News Headlines: Oil gains after OPEC+ holds firm on supply (Reuters) Oil prices rose on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the coronavirus pandemic. Brent crude rose 53 cents or 0.7% to $81.07 a …
Morning Tanker FFA Report 4/11/21
News Headlines: Sinopec signs China’s largest long-term LNG contract with U.S. firm (Reuters) China’s Sinopec (600028.SS) has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest LNG long-term contract signed between Chinese and U.S. companies, Venture Global said …