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crude oil

BIMCO Denmark
1 day ago
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Crude oil tanker freight rates from the Arabian Gulf to China doubles on the back of ta...

VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between 13 June 2019 and 20 June 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot frei... See More

BIMCO Denmark
2 months ago
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US seaborne crude oil exports hit record high for fifth month in a row

US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Eu... See More

International Chamber of Shipping United Kingdom
3 months ago
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ICS Remains Concerned that New Canadian Legislation will Interfere with International M...

The Canadian Senate is giving consideration to legislation that would have the effect of establishing a moratorium on the shipment of crude oil in the waters of Northern British Columbia (Bill C-48... See More

GlobalData United Kingdom
6 months ago
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Iraq’s policies to support oil and gas development appear stalled, says GlobalData

Iraq’s crude-oil production is gradually increasing thanks to expansion at previously delayed oil projects. However, the existing contracts are still not able to reach their full potential, accordi... See More

BIMCO Denmark
7 months ago
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No US Crude oil exports to China for second month in a row

The determined development that saw no US seaborne exports of crude oil to China in August, has continued into September. This is despite crude oil not being a part of the ‘official trade war’.

GlobalData United Kingdom
7 months ago
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Mexico's crude production is destined to plummet in the long run if the new government’...

Following the news that Mexico’s new government will focus only on Pemex to support crude oil production,

GlobalData United Kingdom
7 months ago
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China dominate global crude oil refinery capex, projecting US$67.3bn by 2022, says Glob...

Asia leads crude oil refinery capital expenditure (capex) with US$194.9bn proposed for planned and announced projects up to 2022, with Africa and the Middle East following with a capex of US$126.6b... See More

GlobalData United Kingdom
1 year ago
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Oil sanctions on Venezuela no longer needed at full scale, says GlobalData

GlobalData: President Donald Trump signed a new executive order aimed at prohibiting certain oil related transactions with Venezuela. This new sanction package is, however, symbolic in comparison t... See More

Head of Research, Affinity Shipping LLP
1 year ago
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OPEC’s nightmare scenario may not be so far away

With the US set to transform into the world’s major oil supplier within the next few years, eventually responsible for most of the world’s rising oil production and exports, it looks li... See More
BIMCO Denmark
1 year ago
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US crude oil exports now more important to shipping than US oil product exports

The United States (US) government lifted their restrictive policy on crude oil exports in December 2015. In September and October 2017, increased demand from Asia and Europe has caused US seaborne ... See More

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