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oil trading in us gulf dries up as tank er rates

Contango With Me - Tanker Breakeven Analysis Seeking Alpha

Apr 17, 2020 · The second chart is of Suezmax Carriers. These vessels have a capacity of around 1MM barrels of crude oil. Routes reported include Persian Gulf to U.S. Gulf, West African Coast to U.S. Gulf Crude tankers need sizeable correction to supply for rates According to the US Energy Information Administration (EIA), US crude oil production will decline from 12.2m barrels per day (bpd) in 2019 to 11.7m bpd in 2020 and 11m bpd in 2021. Differentials Explained:Why Alberta - Oil Sands MagazineTanker charter rates are a function of capacity and distance travelled. Day rates for VLCC tankers have fallen dramatically from as much as US$150,000 per day in 2007 to less than US$10,000 in 2012, below the cost of operation. Prices recovered in 2015 after China began leasing tankers to store crude offshore.

Equinor evacuates oil platform in U.S. Gulf of Mexico

Aug 24, 2020 · The company also shut-in oil production at the facility, which is about 65 miles (105 km) off the coast of Louisiana, as Tropical Storm Marco moved up the U.S. Gulf Factbox:US Gulf energy industry braces for impact from Aug 24, 2020 · Oil and gas offshore producers have been shutting in output ahead of the storms. By Aug. 24, upstream operators had shut about 1.523 million b/d of oil, or 82.4% of offshore production, and 1.542 Bcf/d of natural gas, 56.9% of offshore production, according to the US Bureau of Safety and Environmental Enforcement. Incoming 50 Million Barrel Saudi Oil Bomb Could Send Apr 22, 2020 · Some 50 million barrels of Saudi oil are on their way to the United States and due to arrive in the coming weeks, threatening to send historically low oil prices even lower Daily tanker rates Middle East leads steep fall in global crude tonne-mile Aug 18, 2020 · Spot rates were between 4.9% and 7% of the record levels achieved for tankers over April, when an oil price war between Saudi Arabia and Russia saw exports rise sharply, boosting tanker demand and pushing earnings to new highs. (If viewing on a

Oil Tanker Rates Plunge More Than 50% As OPEC+ Cuts

May 01, 2020 · The daily rate for chartering an oil tanker from Saudi Arabia to China has plunged by over 50 percent in one week to $100,000 as OPEC+ begins Oil Trading in U.S. Gulf Dries Up as Tanker Rates Benchmark rates surged to about $300,000 a day last week for shipments from the Persian Gulf to the Far East, while one supertanker was booked to carry oil from the U.S. Gulf to Asia for more than Oil trading in U.S. Gulf dries up as tanker rates Oil trading in U.S. Gulf dries up as tanker rates skyrocket in Closing Bell Story / Crude Oil Exports from U.S. / Crude Oil News / Energy News / International by Oil & Gas 360 October 16 Saudi Arabia may re-route tankers if U.S. imposes crude Daily tanker rates soared to nearly $300,000 in the past month, and though they have retreated to $150,000 a day this week, they are still significant and would be in addition to other costs

Supertanker Rates Explode As Traders Race To Store Oil

Mar 30, 2020 · The other reason for sky-high tanker rates was that traders and the trading arms of oil majors are looking to charter tankers for floating storage as the oil Tankers - Latest shipping and maritime news TradeWindsVisit TradeWinds for the best news, insight and opinion covering the global shipping business. Tankers - Latest shipping and maritime news TradeWindsVisit TradeWinds for the best news, insight and opinion covering the global shipping business. U.S. crude exports drying up as tanker rates skyrocketOct 16, 2019 · Benchmark rates surged to about $300,000 a day last week for shipments from the Persian Gulf to the Far East, while one supertanker was booked to carry oil from the U.S. Gulf

U.S. crude exports drying up as tanker rates skyrocket

Oct 16, 2019 · Benchmark rates surged to about $300,000 a day last week for shipments from the Persian Gulf to the Far East, while one supertanker was booked to carry oil from the U.S. Gulf VLCC fixtures are slow as Middle East Gulf cargoes dry up Aug 21, 2020 · VLCC fixtures are slow as Middle East Gulf cargoes dry up Rates have largely stagnated in recent weeks, shipbroker Howe Robinson said 21 August 2020 18:43 GMT Updated 24 Why the US hides 700 million barrels of oil underground Sep 21, 2015 · Something important, and valuable, has been quietly hidden along Americas Gulf Coast. Across four secure sites in unassuming locations lies nearly 700 million barrels of oil Oil Trading in U.S. Gulf Dries Up as Tanker Rates SkyrocketOct 16, 2019 · Oil Trading in U.S. Gulf Dries Up as Tanker Rates Skyrocket October 16, 2019 by Bloomberg Zacarias Pereira da Mata / Shutterstock By Sheela Tobben (Bloomberg) Soaring oil-tanker costs are drying

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