Oslo-based energy analyst Rystad Energy estimates that today’s oil supply demand imbalance of more than 26m barrels per day (bpd) should fall to 13.6m bpd in May and about 6m bpd thereafter.

The Singapore authorities have sought to reassure businesses that there is “no serious impact” on the bunkering and oil trading sectors from the bankruptcy filing of major local player Hin Leong Trading.

Seismic survey companies are likely to be hardest hit by low oil prices and the downturn in exploration and production (E&P) investment, according to Oslo-based energy analyst, Rystad Energy.

Hin Leong Trading and Ocean Tankers have filed for bankruptcy protection with the former revealed to have $800m in losses from oil futures trading.

Floating storage has moved to “unprecedented levels” but with oil output cutbacks agreed how long can the market rally last?

The surge in world oil production that has followed the failure of OPEC+ members to reach a consensus on further supply constraints at their 5 March meeting in Vienna is likely to mean that storage capacity for crude oil and products will run out...

You can have a rousing VLCC market, described by Nordic American Tankers chief Herbjorn Hansen as “the strongest we have seen in decades”, and you can have the prospect of reduced vessel supply, and therefore sharply higher capacity utilization ...

With the dual black swan events of the coronavirus (COVID-19) and the surge in oil supply Frontline ceo Robert Macleod believes that skyrocketing rates of $250,000 per day rates for VLCCs are real this time.

Just as major oil producers pump millions of extra barrels of oil on to world markets, Oslo-based Rystad Energy has released updated estimates for global fuel demand as a result of the impact of coronavirus (COVID-19) on world energy markets.

There is an old cliché about “challenges” being just another side of “opportunities” so it goes with tankers.