Feb. 8, 2019 

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SHIPPING RATES & BUNKERS

SHIPPING RATES & BUNKERS ( 9:30am ET )
       
DIRTY TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
VLCC, 270   AG-FE 15,900 29,900
Suezmax, 130  WAF-UKC 14,900 22,100
Aframax, 70 CAR-USG 16,700 32,900
Panamax, 50  CAR-USG 27,000 29,600
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 10,900 11,400
MR, 38  USG-UKC 1,500 6,400
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 32,000 93.0 65.0
Suezmax, 130-200 25,000 61.0 44.5
Aframax, 80-130 19,000 50.0 33.0
LR2, 80-130 18,500 52.0 34.0
LR1, 60-80 16,000 43.0 26.0
MR, 42-60 15,500 36.0 26.5
Handymax. 30-42 13,500 33.0 24.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 62,998 65,592
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 74,000 82,500 82,250
138-150M3 Steam turbine (West) 61,000 68,500 68,500
160M3 Tri-fuel diesel electric (East) 72,000 80,750 80,750
138-150M3 Steam turbine (East) 60,000 67,250 67,250
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day) 1yr TIME CHARTER RATE ($/day)                    
VLGC, 44 (AG-Japan) 24.44 21,382 21,382
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 402.5 611.5  
Rotterdam 386.0 537.5  
Singapore 419.5 578.5  

ENERGY NEWS

Us Crude Oil Heads for 5 % Weekly Loss on Slowdown Worries 

Benchmark oil prices were choppy on Friday, but remained on track for a weekly loss, pulled down by worries about a global economic slowdown.

CNBC Feb. 8, 2019

Exclusive: Russia's Sechin Raises Pressure on Putin to End Opec Deal 

 Igor Sechin, head of Russian oil giant Rosneft has written to the Russian president saying Moscow’s deal with OPEC to cut oil output is a strategic threat and plays into the hands of the US.

Reuters Feb. 8, 2019

SocGen slashes 2019 EU gas price outlook 15% 

French investment bank Societe Generale has slashed its expectations for European gas prices over the rest of 2019 by 15%, it said in a note late on Thursday.

Montel Feb. 8, 2019

Shell Leads Cash Race but Exxon Catching Up

Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.

Reuters Feb. 8, 2019

COMMODITIES

COMMODITIES, (9:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 61.66 +0.03
WTI NYMEX $/bbl 52.66 +0.02
Dubai (Spot) Reuters $/bbl 61.76 -0.29
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 142.44 -0.14
Heating Oil  NYMEX ₵/gal 189.95 -0.10
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.57 +0.02
UK National Balancing Point ICE $/MMBtu 6.22 -0.22
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 64.00 333.44 -
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 5.79 -0.13

MARKETS

MARKETS, ( 9:30 am CT )
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,683.40 -22.65
FTSE 100 United Kingdom 7,065.70 -27.88
DAX Germany 10,868.84 -153.18
SH Composite China 0.00 #N/A
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.29 -0.00
€/$ European Union 1.13 -0.00
$/JPY ¥ Japan 109.69 -0.11
$/CNY ¥ China 6.74 -

MARKET ANALYSIS

  • LNG: Last week, charterer's remain happy to wait before committing to tonnage once again, expecting the market to continue to fall further out to the end of the quarter.

  • Asphalt: Midwest wholesale asphalt markets rose once again last week. Flux was mixed, with lower prices noted by some.  Refinery problems and maintenance were reported for some plants.

  • Oil: Brent oil edges up, heads for weekly loss on slowdown worries.

                                                       
                                                                                                                               POTEN EVENTS

Feb. 12: New York Energy Forum. Erik Broekhuizen will be speaking

Feb. 21: Trade Winds IMO 2020 Forum. Erik Broekhuizen will be speaking

Feb. 26-27: LNGgc Asia Singapore. We're sponsors and exhibitors.

Mar. 7-8: Poten and NYU School of professional Studies presents

Business training course-LNG 101: Energy for Cleaner Future.

 
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