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Weekly Tanker Time Charter Estimates

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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Weekly Tanker Time Charter Estimates, January 04 2017

Oil markets have fallen in the wake of a strengthening US Dollar leading to reduced investor demand for commodities linked to the currency.

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Weekly Tanker Time Charter Estimates, December 28 2016

After bringing off the biggest oil-market deal in a decade, OPEC now is trying to increase oil prices without igniting shale.

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Weekly Tanker Time Charter Estimates, December 21 2016

EIA announced a crude stock draw earlier this week and 11 non-OPEC member countries agreed to a 558,000 b/d production cut in order to go against the oversupplied market.

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Weekly Tanker Time Charter Estimates, December 14 2016

Oil prices fell on Wednesday, following the rise in US crude inventories and estimates that OPEC may have produced more crude than expected in November.

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Weekly Tanker Time Charter Estimates, December 07 2016

In the spot market Suezmax activity has slowed this week, with charterers biding their time, placing pressure on rates.

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Weekly Tanker Time Charter Estimates, November 30 2016

As the OPEC meeting on Oil Cuts begins today, OPEC Ministers are optimistic for a deal close.

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Weekly Tanker Time Charter Estimates, November 23 2016

In light of next week OPEC’s meeting and the hope that they will seal an output deal, the oil price rally continues to hit the highest price in three weeks.

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Weekly Tanker Time Charter Estimates, November 16 2016

    This week oil prices rebounded almost 5% due to OPEC’s efforts to cut the output.

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