“Brent Blend” sounds like something Loretta Lynn’s forebears might have distilled in West Virginia.
Here’s how omicron variant could impact tanker, container and dry bulk shipping rates.
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.
Stephen Jones of Argus Media is one of the company’s leading analysts. He shares the Argus view of the market at the FreightWaves Fuel Buyers Summit.
An expected increase in output has been put on hold over failure to reach consensus on a dispute involving the UAE.
After a February decision not to increase output, which was unexpected, the group does the unexpected this time again and decides to put more oil on to the market.
Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.
Prices continued to rise into Friday on the news that threw conventional wisdom aside.
Short of a conflict in the Middle East and its adjacent shipping lanes, it is hard to see a spike in tanker spot rates in the near term.
