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Earlier this month the IEA released its monthly oil report, offering for the first time their analysis of how oil markets could shape up in 2025. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
The Panama Canal stands as one of the world’s most vital intercontinental waterways, playing an important role in facilitating global trade, particularly along the routes connecting the Americas and Asia. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
As we edge closer to 2024, oil markets have increasingly begun to question what OPEC’s strategy for next year might look like. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
With international oil prices climbing above the $80/bbl mark recently, so have the prices for Russian oil, with many indicators suggesting that levels are now above the price cap. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Disruption to crude exports is nothing new, however recent geopolitical events have highlighted the precariousness of crude exports in some parts of the world, particularly where exports involve transiting another nation. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
In recent years, Australia’s refining sector has undergone a profound structural shift. Refinery rationalisation and Covid-19 related demand pressure led to the closure of several struggling refineries, following a prolonged downward trend. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
In recent months all clean tanker segments have enjoyed very healthy rates and earnings, which have been essentially driven by evolving trade flows due to sanctions on Russia. Yet, the star performer has undoubtedly been the Handy sector, with non-eco, non-scrubber earnings averaging so far this year at $47,000/day on a TC6 voyage. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
In response to Western sanctions, President Putin announced a move to pursue deeper economic and political ties within the BRICS group of economies, of which it is a member. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
Spot VLCC earnings were in the negative territory for most of last year, with TD3C averaging minus $250/day on a slowsteaming, non-scrubber, non eco basis. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
In recent weeks, several publically listed tanker companies announced thier decisions to postpone scrubber installations. The weekly tanker market report by Gibson Shipbrokers.
