Crude TC rates remained firm overall this week with interest in suezmax fixtures around the one-year mark.

Capesize period rates remained firm this week and a few period deals have been reported ranging from one to three years.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) slightly decreased on Dec.10: 380 HSFO – USD/MT – 351.71(-0.19) 180 HSFO – USD/MT – 393.48(-1.87) MGO – USD/MT – 669.55 (-0.38) Meantime, world oil indexes increased on Dec.10 as OPEC’s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook. Brent for February settlement increased by $0.09 to $63.34 ...

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

Pacing towards the end of the year there are much to discuss on how the crude markets performed on the last quarter. HFO prices are mostly flat

Allied Shipbroking – Weekly SnP Statistics Report Week 49 2019

Tanker: LR1 values have firmed in older tonnage.

December seems to be an optimistic month for the Sub-Cont market, after the crises the market observed the past year. Bangladesh

Just 10 years ago, Russia, the world’s second-largest oil exporter after Saudi Arabia, was hardly exporting any oil to Asia, with the vast majority of

Oil slips as weak China exports highlight trade war impact Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures were down 15 cents, or 0.25%, at $64.24 per barrel by 12:29 p.m. EDT (1629 GMT), after gaining about 3% last week on news that OPEC and its allies would deepen output cuts. West Texas Intermediate oil futures were down 13 cents, ...

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

With the Christmas mood now firmly in place, it would seem that the focus of most is as to what the expected prospects are for next year.

Anchor Shipbroking Weekly Market Report – Week 49, 2019

Saudi Arabia shocked the oil market on Friday, with its energy minister Prince Abdulaziz bin Salman pledging to voluntarily cut even more oil production than its new quota, according to S&P Global Platts. Under the existing oil production quota, Saudi Arabia had agreed to keep production under 10.311 million bpd—a cut of 322,000 bpd. But on Friday, OPEC divvied out an additional 372,000 bpd of cuts to its members, with Saudi Arabia’s new production cap coming in at 10.145 million bpd—an additional cut of 166,000 bpd. But Saudi Arabia is ...

The final month of the year has provided some much needed respite and emerging positivity to an industry that has witnessed its fair share of