Romance of the high seas strong in shipping industry hearts
“There is nothing more enticing, disenchanting, and enslaving than the life at sea”. So said renowned Polish-British writer Joseph Conrad in his controversial 1900 novel, Lord Jim. Sailors from decades...
View Article2016: Not really a golden year, more a light plating
2016 was marked by two distinct halves for gold. The year started off on a rip, for the price anyway. It rocketed higher, fueled by flights to safety, havens for cash. Ultra-low US interest rates. Cash...
View ArticleUS border policy could curb travel amid already weak jet fuel demand
Uncertainty surrounding the Trump administration’s efforts to harden the US border could cut into business travel demand this year at a time when jet fuel demand is already quite weak, at least...
View ArticleUSGC sour crude margins ease as imports resume following Harvey: In the LOOP
US Gulf Coast refining margins for medium and heavy sour crude oil grades have fallen back to levels more closely resembling pre-Harvey values in the month since the storm’s departure. After Hurricane...
View ArticleCrude storage costs fall as WTI curve flattens: In the LOOP
The price of front-month sour crude oil storage at the Louisiana Offshore Oil Port fell 5 cents/b month on month even as imports to the US Gulf Coast increased over the same period to pre-Harvey...
View ArticleBasrah Light continues to comprise bulk of imports from Middle East: In the LOOP
The Louisiana Offshore Oil Port’s blended crude LOOP Sour has tended to become heavier but also sweeter recently as Iraqi Basrah Light continues to comprise the bulk of Middle East crudes that can be...
View ArticleCrude imports fall amid wider Dubai, Brent premiums over WTI: In the LOOP
The Louisiana Offshore Oil Port has seen a month-on-month decline in crude imports, impacted by persistently wide Brent/WTI and Dubai/WTI spreads that have pushed up the price of foreign grades. For...
View ArticleUSGC sour crude exports see strong demand in Asia, India on wide Dubai/LOOP...
The arbitrage for US Gulf Coast medium sour crudes to make the 30- to 45-day journey to Asia and India remains strong, with the LOOP Sour-Dubai spread at its widest level since October 12. Dubai M2...
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Making the case for carbon pricing in New York
New York’s State Energy Plan, self-proclaimed to include some of the nation’s most ambitious 2030 clean energy targets, has perhaps by necessity intensified the discussion of carbon prices in the...
View ArticleMiddle Eastern barrels headed to LOOP as Dubai premium drops: In the LOOP
Four tankers are on their way to the Louisiana Offshore Oil Port, three likely carrying Iraqi crude and a fourth partly laden with unknown barrels, according to cFlow, Platts’ trade-flow software. The...
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