Tanker Weekly – August 8, 2011
Baltic Dirty Tanker Index fell 1.0%; Baltic Clean Tanker Index fell 1.2%.
Global Macro Perspectives
Baltic Dirty Tanker Index fell 1.0%; Baltic Clean Tanker Index fell 1.2%.
Technically crude oil (WTI) looks heavily oversold. On the other side crude oil demand is closely following 2008 path…
Global economic growth is clearly slowing down.
Baltic Dirty Tanker Index fell 1.6%; Baltic Clean Tanker Index rose 0.9%.
Demand weakened in recent weeks, crude oil stocks rose, distillates stocks rose.
Crude oil and distillates stocks recorded small declines. Supply/demand balance is tight.
Release of strategic reserve will have, in my view, relatively small effect on supply/demand balance, so the price weakness is probably short-term.
Demand is strengthening, crude oil stocks declined, distillates mostly unchanged. Supply/demand balance is tight.
Release of strategic reserve will have, in my view, relatively small effect on supply/demand balance, so the price weakness is probably short-term.
Baltic Dirty Tanker Index rose 1.9%; Baltic Clean Tanker Index rose 7.6%.
Baltic Dirty Tanker Index fell 4.1%; Baltic Clean Tanker Index fell 6.0%.
Demand is strengthening, crude oil stocks declined, distillates increased. Supply/demand balance is tight.
Baltic Dirty Tanker Index fell 4.1%; Baltic Clean Tanker Index fell 6.0%.
Holidays in the U.S. and in Europe slowed the demand and brought lower rates.
Baltic Dirty Tanker Index rose 0.5%; Baltic Clean Tanker Index fell 6.9%.
No changes from last week. Weak demand, low distillates stocks, high crude stocks. Driving season ahead.
Mixed bag of data. Low refinery utilization rates, low net imports, low product stocks. On the other hand high level of crude oil .
Driving season could begin to lower the crude inventory.