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Weekly Tanker Time Charter Estimates

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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Weekly Tanker Time Charter Estimates October 11 2017

Oil prices rose about 2% yesterday, supported by Saudi Arabian export cuts in November and comments from the OPEC meeting in Moscow that the market is rebalancing after years of oversupply.

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Weekly Tanker Time Charter Estimates October 4 2017

Earlier today in the meeting in Moscow, the world’s biggest oil producers, Russia and Saudi Arabia, have announced a $1BN fund to invest in energy projects that is expected boost the economic and political partnership between the two countries.

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Weekly Tanker Time Charter Estimates September 27 2017

According to the CEO of Royal Dutch Shell, it is not unreasonable to expect oil prices at $60/bbl by 2020.

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Weekly Tanker Time Charter Estimates September 20 2017

After Iraqi oil minister’s reported that OPEC members are considering extending the output cuts, oil prices rose for the largest gain in 13 years, with WTI reaching 50.08 USD/bbl and Brent 55.68 USD/bbl.

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Weekly Tanker Time Charter Estimates September 13 2017

Crude inventories rose by 6.2 Mbbls by the end of last week to 468.8 Mbbls, beating for one more time analysts’ expectations.

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Weekly Tanker Time Charter Estimates, September 6 2017

Oil prices were up again today due to the strong global refining margins and the successful reopening of USG refineries.

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