|SHIPPING RATES & BUNKERS ( 10:30am ET )|
|DIRTY TANKER (KT - $/day)||VOYAGE||SPOT TCE EARNINGS||2019 AVG. RATE|
|CLEAN TANKER (KT - $/day)||VOYAGE||SPOT TCE EARNINGS||2019 AVG. RATE|
|TIME CHARTER (KDWT)||1YR ECO RATE ($/day)||NEWBUILD PRICE ($M )||SECONDHAND 5YR PRICE ($M)|
|VLCC , 200+||31,000||93.0||67.0|
|US FLAG (KT - $/day)||VOYAGE||WEEKLY SPOT RATE||2019 AVG. RATE|
|LNG ($/day)||WEEKLY SPOT RATE||CURRENT MONTH RATE||2019 AVG. RATE|
|160M3 Tri-fuel diesel electric (West)||43,000||42,500||56,533|
|138-150M3 Steam turbine (West)||30,000||27,000||39,867|
|160M3 Tri-fuel diesel electric (East)||39,000||38,500||53,933|
|138-150M3 Steam turbine (East)||26,000||24,000||38,267|
|LPG (KT)||LAST POSTED SPOT RATE ($/mt)||SPOT TCE RATE ($/day)|
|VLGC, 44 (AG-Japan)||54.93||38,336|
|BUNKERS ($/mt)||IFO 380||MDO|
Strikes Impact Shell's Pernis Oil Refinery but Extent Unclear
Shell said earlier in the day that the unit had been shut. It later clarified that it had only repeated what the unions had said and would not comment on the status of the refiner.
Credit Suisse Slashes Asian Lng Price Outlook
The outlook represents a discount of nearly 20% relative to where the forward market is pricing the region’s benchmark Japan/Korea Marker at USD 7.40/MMbtu.
OPEC Has a New Best Friend: Russia
Putin has helped resolve conflicts within the cartel, giving the country considerable influence over oil markets.
More Oil in the Pipeline
U.S. oil production growth over these six years was similar to the total production of Canada and more than the total production of any OPEC country except for Saudi Arabia. The production growth has been so fast that the pipeline infrastructure had trouble keeping up.
|COMMODITIES, (8:30 am CT )|
|CRUDE||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|PRODUCTS||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|NATURAL GAS||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|US Henry Hub||NYMEX||$/MMBtu||2.61||-0.06|
|UK National Balancing Point||ICE||$/MMBtu||4.70||-0.29|
|NATURAL GAS LIQUIDS||SOURCE||LAST PRICE (₵/gal)||LAST PRICE ($/mt)||Δ PRIOR DAY CLOSE(₵/gal)|
|US Mont Belvieu Propane (Spot)||Reuters||66.75||347.77||-0.38|
|PRICE SPREADS ($/bbl)||SOURCE||LAST PRICE||Δ PRIOR DAY CLOSE|
|Brent 3-2-1 Crack||ICE||12.79||-0.18|
|MARKETS, ( 8:30 am CT )|
|EQUITIES||REGION/COUNTRY||LAST VALUE||Δ PRIOR DAY CLOSE|
|S&P 500||United States||2,902.16||-5.25|
|FTSE 100||United Kingdom||7,428.92||-8.14|
|CURRENCIES||REGION/COUNTRY||LAST VALUE||Δ PRIOR DAY CLOSE|
LNG: At least eight vessels have been last week, all for single voyages ex all basins during April and May. In addition, several vessels are currently on subjects for single voyages loading during Q2 basis project structural needs and cargo awards.
Asphalt: Gulf Coast retail asphalt amd flux prices increased again last week. Wholesale asphalt pricing were steady in the Gulf Coast, with flux prices slightly higher.
May 13-17: Flame LNG Event in Amsterdam. Poten are Sponsors and Exhibitors.
June 24-27: 11th CWC World LNG & Gas Series: Asia Pacific Summit. Poten are Sponsors and Exhibitors.
September 17-19: Gas Tech Exhibition & Conference