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Weekly Tanker Time Charter Estimates

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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Weekly Tanker Time Charter Estimates, November 09 2016

The previously damaged Colonial pipeline following an explosion in the US restarted this week dropping Transatlantic rates again to the normal lows.

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Weekly Tanker Time Charter Estimates, November 02 2016

After the fatal explosion of the Colonial Pipeline in Alabama, Transatlantic market has sky rocketed especially for tonnage up to MR tankers.

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Weekly Tanker Time Charter Estimates, October 26 2016

Oil prices fell below $50 once again against expectation that prices would firm between the $50-$60 range after OPECS production cut commitments.

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Weekly Tanker Time Charter Estimates, October 19 2016

Crude markets are expected to firm between $50-$60 in the wake of

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Weekly Tanker Time Charter Estimates, October 12 2016

Crude markets continue to trade above the $50 threshold fuelled by speculation that Russia will join OPEC members in an effort to limit oil production.

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Weekly Tanker Time Charter Estimates, October 05 2016

After the short rally two weeks ago, Suezmax activity has weakened due to over tonnage and limited stems.

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Weekly Tanker Time Charter Estimates, September 28 2016

Oil markets have reacted to signals from Iran and Saudi Arabia that oil production from OPEC is unlikely to be restricted

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Weekly Tanker Time Charter Estimates, September 21 2016

In the wet sector, analysts claim that the recovery of the market will eventually come, but this is not expected to happen before 2017.

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Weekly Tanker Time Charter Estimates, September 14 2016

Earlier this week IEA released the Oil Market report for September and after indications for faster decline in the global demand,

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