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Weekly Tanker Time Charter Estimates

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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Weekly Tanker Time Charter Estimates, April 05 2017

Oil prices rally after bullish U.S. supply data which showed US crude oil inventories fell by 1.8 M bbls last week.

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Weekly Tanker Time Charter Estimates, March 29 2017

Oil is ticking up again after the pipeline halt in Libya and the concerns that US surplus is diminishing.

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Weekly Tanker Time Charter Estimates, March 22 2017

Oil prices slipped to 3-months lows today, as data showed US inventories rising faster than the expectations, putting pressure on OPEC to extend output cuts.

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Weekly Tanker Time Charter Estimates, March 15 2017

The price of oil fell to the 4-month low after the report from OPEC which revealed that the North American oil exports changed cartel’s plan to drain the global market glut.

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Weekly Tanker Time Charter Estimates, March 08 2017

The American Petroleum Institute reported a build-up of 11.6Mbbl in US crude inventories, which was 10 times more than the analysts had predicted.

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Weekly Tanker Time Charter Estimates, March 01 2017

Oil majors reported poor earnings for the 4Q 2016, although many oil executives feel optimistic about the forthcoming period.

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Weekly Tanker Time Charter Estimates, February 22 2017

On Tuesday oil prices rose to over $1/ bbl after OPEC claimed it will stay firm to its oil cut production agreement and there are hopes for increased compliance from the members – participating countries.

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Weekly Tanker Time Charter Estimates, February 15 2017

Most analysts await oil prices to gradually start increasing now that OPEC managed to implement 90% of the cuts.

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Weekly Tanker Time Charter Estimates, February 08 2017

Changing government policies put even more pressure in the refining capacity in Asia while the refining margins in Europe are getting weaker.

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Weekly Tanker Time Charter Estimates, February 01 2017

Seasonality has been in favour of crude oil tanker owners during the last quarter of 2016, while the products market touched the bottom in October due to regular annual maintenance.

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Weekly Tanker Time Charter Estimates, January 25 2017

Libya’s oil production is at the highest levels since 2014 and is on track to keep rising this year as the country tries to restore the barrels lost due to the political chaos.

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Weekly Tanker Time Charter Estimates, January 18 2017

Shale oil production in the US could change the plans of the major producers to balance global supply and demand for crude.

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Weekly Tanker Time Charter Estimates, January 11 2017

Looking back, this time last year things across the oil and chemical tanker industry appeared too good to be true.

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