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Weekly Tanker Time Charter Estimates

Weekly Tanker Time Charter Estimates, July 19 2017

Brent crude is currently trading around $49/bbl as the market was boosted by rumours that Saudi Arabia could cut output by 1 m bbl’s/pd.

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Weekly Tanker Time Charter Estimates, July 12 2017

Opec still pumping too much oil and according to the latest statements of the region Saudi Arabia is expected to cut crude oil shipments to its customers in August by more than 600k bbls/day.

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Weekly Tanker Time Charter Estimates, July 05 2017

The latest developments in oil news show that crude oil snapped again, after a week of constant upward movement, as Russia stated that they will oppose to any proposals to extend the OPEC production cuts.

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Weekly Tanker Time Charter Estimates, June 28 2017

Due to the hit in a major refinery in Salina Cruz refinery (WCMex),  which is not expected to be restarted until the end of July 2017, Pemex (Mexican National Petroleum Company) is looking to import about 3.5M bbls if refined products to meet the outages creates.

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Weekly Tanker Time Charter Estimates, June 21 2017

Oil fell over 2% on Tuesday and traders seem to expect a bigger drop in the market.

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Weekly Tanker Time Charter Estimates, June 14 2017

Just a few weeks after the announcement of OPEC regarding the extension of the oil production cuts, production in Libya, Nigeria and Iraq increased by roughly 336,000 bbl/day.

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Weekly Tanker Time Charter Estimates, June 07 2017

Tensions in the Middle East flared up on Monday, when Saudi Arabia, Egypt, the UAE and Bahrain cut off ties with Qatar, accusing it of supporting terrorism.

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Weekly Tanker Time Charter Estimates, May 31 2017

In the latest medium-term Oil Market Report published by the IEA, there are optimistic forecasts that the oil market will be gradually tightening due to lower upstream investments and growing oil demand.

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Weekly Tanker Time Charter Estimates, May 24 2017

According to ministers and delegates, oil producers group is very likely to extend production cuts for another 9 months,  in order to tackle the global glut of crude.

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Weekly Tanker Time Charter Estimates, May 17 2017

Despite output cuts that Saudis and Russians push to extend, oil prices fell on Wednesday after reports showed an increase in US crude inventories.

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Weekly Tanker Time Charter Estimates, May 10 2017

Earlier this week analysts reported that Saudi Aramco will cut exports to Asia by almost 7 Mbbls in June.

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Weekly Tanker Time Charter Estimates, May 03 2017

Latest reports showed that the decrease of US crude stocks was higher than expected and this assisted in the rebound of the oil prices from 2017 lows.

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Weekly Tanker Time Charter Estimates, April 26 2017

According to the latest reports crude stocks 900K bbl during last week, defying expectations of a decrease of 1.7M bbls,

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Weekly Tanker Time Charter Estimates, April 19 2017

Despite the fact that oil steadied today, analysts are worried that prices can be vulnerable due to the rising US inventories.

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Weekly Tanker Time Charter Estimates, April 12 2017

The Brent oil price is up for 8 weeks in a row, as there are indications of a possible extension to the supply cuts.

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