The International Energy Agency predicts Asia will buy growing volumes of U.S. crude through 2028. That’s good news for supertanker demand.
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Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.
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Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.
U.S. crude oil production
“Brent Blend” sounds like something Loretta Lynn’s forebears might have distilled in West Virginia.
Container, crude oil and petroleum shipments rose as ports in Houston and Corpus Christi recorded strong freight volumes in June.
Adjusted for inflation 1978 – 2022
energy trade between the U.S. and Mexico reached a nine-year high
The United States has imported a relatively small share of crude oil from Russia, but U.S. imports of petroleum products from Russia — namely, unfinished oils and fuel oil.
After declining in 2020, the combined production of U.S. fossil fuels increased by 2% in 2021
EIA forecasts global crude oil demand will exceed global supply through the end of the year.
Crude-tanker owners continue to pile up huge losses, but hopes are high for next year.
Cost of fuel consumed by container ships, bulkers and tankers is effectively at a seven-year high.
Hurricane Ida made landfall near Port Fourchon, Louisiana, as a Category 4 hurricane on Aug. 29
Establishment of Petroleum Administration for Defense Districts (PADDs)
