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oil trading in us gulf dries up as tank er rates

5 Biggest Oil Tanker Companies - Investopedia

Sep 09, 2020 · Oil tanker companies offering storage profited from that demand and their stocks received a healthy boost. These are the 5 biggest oil tanker companies by Contango With Me - Tanker Breakeven Analysis Seeking AlphaApr 17, 2020 · The second chart is of Suezmax Carriers. These vessels have a capacity of around 1MM barrels of crude oil. Routes reported include Persian Gulf to U.S. Gulf, West African Coast to U.S. Gulf Contango With Me - Tanker Breakeven Analysis Seeking AlphaApr 17, 2020 · The second chart is of Suezmax Carriers. These vessels have a capacity of around 1MM barrels of crude oil. Routes reported include Persian Gulf to U.S. Gulf, West African Coast to U.S. Gulf

Crude tankers need sizeable correction to supply for rates

Jul 24, 2020 · According to the US Energy Information Administration (EIA), US crude oil production will decline from 12.2m barrels per day (bpd) in 2019 to 11.7m bpd in 2020 and 11m bpd in 2021. Crude tankers need sizeable correction to supply for rates Jul 24, 2020 · According to the US Energy Information Administration (EIA), US crude oil production will decline from 12.2m barrels per day (bpd) in 2019 to 11.7m bpd in 2020 and 11m bpd in 2021. Equinor evacuates oil platform in U.S. Gulf of Mexico The company also shut-in oil production at the facility, which is about 65 miles (105 km) off the coast of Louisiana, as Tropical Storm Marco moved up the U.S. Gulf of Mexico and a second storm Oil Market:Middle East tanker attacks, US-Iran tensions Surging U.S. supply, as well as gains from Brazil, Canada and Norway, would contribute to an increase in non-OPEC supply of 1.9 million bpd this year and 2.3 million bpd in 2020.

Oil Trading in U.S. Gulf Dries Up as Tanker Rates

Benchmark rates surged to about $300,000 a day last week for shipments from the Persian Gulf to the Far East, while one supertanker was booked to carry oil from the U.S. Gulf to Asia for more than Oil tanker rates double as demand for storage and Mar 30, 2020 · Freight rates for very large crude-oil carriers (VLCC) along the Middle East Gulf to China route were assessed at about $180,000 a day on Monday, up from some $125,000 on Oil tanker rates surge after Saudi Arabia turns on the Rates to hire large oil tankers have surged in the wake of Saudi Arabias decision to flood the market with heavily discounted barrels of crude as it escalates a price war with rival producers Oil trading in US Gulf dries up as tanker rates skyrocket Oct 16, 2019 · Oil trading in US Gulf dries up as tanker rates skyrocket By:Sheela Tobben Oct 16 2019 at 07:00 AM Maritime News Ports & Terminals Soaring oil-tanker costs are drying up activity in the U.S. export market as sellers are slow to lower offers and

Saudi Arabia may re-route tankers if U.S. imposes crude

U.S. REFINERS PULL BACK. Refiners have been largely absent from oil markets in the United States in recent days as they slash processing rates and as demand dries up, physical oil market sources said. Saudi Arabia may re-route tankers if U.S. imposes crude U.S. REFINERS PULL BACK. Refiners have been largely absent from oil markets in the United States in recent days as they slash processing rates and as demand dries up, physical oil market sources said. Simpson Spence Young Tanker Worldscale RatesDirty VLCC MEG/Jap - 260,000. Dirty Suezmax Wafr/UKC - 130,000 6 months Tanker rates surge as traders hunt for ships to store Tanker rates to ship oil in very large crude carriers (VLCCs) are surging as oil traders hunt for ships to store cheap oil in as they take advantage of a 25% plunge in prices on Monday amid a

Tanker stocks surge as global oil market collapses

Apr 20, 2020 · He calculated that as of Mondays oil-price close, the break-even storage calculation for a three-month period now equates to a tanker time-charter equivalent rate of $111,500 per day. Thats up from $101,000 per day as of April 15, $78,000 per day on April 13 and just $35,000 per day on April 5. Tankers - Latest shipping and maritime news TradeWindsVisit TradeWinds for the best news, insight and opinion covering the global shipping business. Tankers - Latest shipping and maritime news TradeWindsVisit TradeWinds for the best news, insight and opinion covering the global shipping business. Oil Trading in U.S. Gulf Dries Up as Tanker Rates SkyrocketOct 16, 2019 · Gulf Coast crude stockpiles were 221.4 million barrels as of Oct. 9, about 61% of the 365.4 million total working capacity at refineries and tank farms, according to the U.S. Energy Information

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