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Weekly Tanker Time Charter Estimates

Weekly Tanker Time Charter Estimates January 24 2018

There are no momentous market trend shifts to report in this week’s wet time charter estimates.

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Weekly Tanker Time Charter Estimates January 17 2018

The Iranian tanker Sanchi sinks after a second explosion leaving no hope for any survivors from the 32-strong crew.

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Weekly Tanker Time Charter Estimates January 10 2018

OPEC’s oil cut has reduced the number of cargoes at a time when a significant amount of N/B’s are being delivered resulting in further downwards market pressure not seen since 2009.

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Weekly Tanker Time Charter Estimates January 03 2018

Oil reached near its highest level since 2015 today, having risen above $67/bbl near 35% increase over the last two quarters.

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Weekly Tanker Time Charter Estimates December 27 2017

An pipeline explosion in Libya saw domestic output fall  by around 100,000 barrels per day causing a two-year high surge in the oil price.

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Weekly Tanker Time Charter Estimates December 20 2017

The direction of oil prices in 2018 will be decided in Texas.

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Weekly Tanker Time Charter Estimates December 13 2017

North Sea pipeline fracture led on 2% rise in BRENT prices.

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Weekly Tanker Time Charter Estimates December 06 2017

Goldman Sachs on the recently released report expects crude oil prices to be retained and strong.

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Weekly Tanker Time Charter Estimates November 29 2017

Oil prices this week set to go up after market expectations of a 9mos  cuts extension.

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Weekly Tanker Time Charter Estimates November 22 2017

Crude oil extended gains today, with US crude hitting $58/bbl (highest price since Jul 2015) as a major pipeline cut  Canadian crude flows to the USA and therefore the inventories are expected to fall further. 

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Weekly Tanker Time Charter Estimates November 15 2017

This week we saw slightly increased VLCC rates in MEG and WAF due to the relatively steady activity in the region.

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Weekly Tanker Time Charter Estimates November 08 2017

Oil remained steady today as the decrease in Chinese crude imports to a 1 year low was offset by the uncertainty addressed by the escalating political tensions in the Middle East.

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Weekly Tanker Time Charter Estimates November 01 2017

Oil prices continued to climb this week to levels we haven’t seen since mid 2015 boosted by the improved compliance from OPEC and Russia will extend its deal to cut crude output.

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Weekly Tanker Time Charter Estimates October 25 2017

The head of oil giant Saudi Aramco yesterday claimed that the lack of recent investments in the oil sector could lead to a shortage of supplies.

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Weekly Tanker Time Charter Estimates October 18 2017

Ongoing political tensions in the Middle East buoyed oil prices this week.

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