THE QUARTER AHEAD
Prices have risen and are expected to remain high...
Winter is coming. And with US stocks at around 66mn bl at the end of July – around 23mn bl lower than the same time a year earlier – US domestic buyers are concerned about supply...
- Northwest Europe
- Asia-Pacific and Middle East
FREIGHT AND ARBITRAGE
Persistently low freight rates have played a part in helping keep the long-haul arbitrage from the US to east Asia open, as Asia-Pacific importers can make the economics of US-sourced large cargoes just about work – in theory – when taking into account terminal fees, freight rates and bunkering costs...
The joint ministerial monitoring committee (JMMC) met last month to review and discuss the Opec and non-Opec production restraint agreement...
The North Sea Dated FCC margin in northwest Europe crept up by 15￠/bl to $5.08/bl in July, rising to an almost two-year high...