| SHIPPING RATES & BUNKERS ( 10:30am ET ) | |||
| DIRTY TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2019 AVG. RATE |
| VLCC, 270 | AG-FE | 15,300 | 27,100 |
| Suezmax, 130 | WAF-UKC | 17,700 | 14,200 |
| Aframax, 70 | CAR-USG | -500 | 19,200 |
| Panamax, 50 | CAR-USG | 11,200 | 20,300 |
| CLEAN TANKER (KT - $/day) | VOYAGE | SPOT TCE EARNINGS | 2019 AVG. RATE |
| MR, 37 | UKC-USAC | 12,900 | 13,300 |
| MR, 38 | USG-UKC | -400 | 4,800 |
| TIME CHARTER (KDWT) | 1YR ECO RATE ($/day) | NEWBUILD PRICE ($M ) | SECONDHAND 5YR PRICE ($M) |
| VLCC , 200+ | 31,000 | 93.0 | 67.0 |
| Suezmax, 130-200 | 25,000 | 61.5 | 50.0 |
| Aframax, 80-130 | 22,000 | 51.0 | 36.0 |
| LR2, 80-130 | 22,750 | 53.0 | 37.0 |
| LR1, 60-80 | 16,000 | 43.0 | 30.0 |
| MR, 42-60 | 16,000 | 36.0 | 27.5 |
| Handymax. 30-42 | 14,000 | 34.0 | 24.0 |
| US FLAG (KT - $/day) | VOYAGE | WEEKLY SPOT RATE | 2019 AVG. RATE |
| Handy, 38 | USG-USAC | 63,060 | 63,316 |
| LNG ($/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) | 60.64 | 44,946 | |
| BUNKERS ($/mt) | IFO 380 | MDO | |
| US Gulf | 432.5 | 653.5 | |
| Rotterdam | 418.5 | 601.0 | |
| Singapore | 427.5 | 626.0 | |
ENERGY NEWS
Aramco in Talks to Buy Stake in Refining Business of India's Reliance
If the deal went ahead, it could mean a boost in Aramco’s crude oil supply to Reliance by possibly more than 50 percent, the source added.
Oil Hits Fresh Year High on Fall in US Stocks
Brent crude oil prices hit a fresh 2019 high on Wednesday after US industry data suggested a surprise drop in the nation's crude inventories.
Summer 2019 Gasoline Prices Forecast to Be Lower Than Last Summer
EIA’s expected average is down 3% from the 2018 summer average of $2.85/gal, mainly because EIA expects crude oil prices will be lower than last summer.
Russia's Novak: Early to Speak About Options for Oil Output Deal
The deal should be aimed at balancing the global oil market but should not be designed to achieve a certain oil price level, Novak said.
| COMMODITIES, (8:30 am CT ) | ||||
| CRUDE | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| Brent | ICE | $/bbl | 71.73 | +0.01 |
| WTI | NYMEX | $/bbl | 64.11 | +0.06 |
| Dubai (Spot) | Reuters | $/bbl | 71.53 | +0.21 |
| PRODUCTS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| RBOB Gasoline | NYMEX | ₵/gal | 204.07 | +0.90 |
| Heating Oil | NYMEX | ₵/gal | 208.02 | -0.20 |
| NATURAL GAS | SOURCE | UNIT | LAST PRICE | Δ PRIOR DAY CLOSE |
| US Henry Hub | NYMEX | $/MMBtu | 2.54 | -0.04 |
| UK National Balancing Point | ICE | $/MMBtu | 4.72 | +0.04 |
| NATURAL GAS LIQUIDS | SOURCE | LAST PRICE (₵/gal) | LAST PRICE ($/mt) | Δ PRIOR DAY CLOSE(₵/gal) |
| US Mont Belvieu Propane (Spot) | Reuters | 63.25 | 329.53 | -1.25 |
| PRICE SPREADS ($/bbl) | SOURCE | LAST PRICE | Δ PRIOR DAY CLOSE | |
| Brent 3-2-1 Crack | ICE | 12.80 | +0.18 | |
MARKETS
| MARKETS, ( 8:30 am CT ) | ||||
| EQUITIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| S&P 500 | United States | 2,904.09 | -2.97 | |
| FTSE 100 | United Kingdom | 7,471.62 | +1.70 | |
| DAX | Germany | 12,164.55 | +63.23 | |
| SH Composite | China | 3,263.12 | +9.52 | |
| CURRENCIES | REGION/COUNTRY | LAST VALUE | Δ PRIOR DAY CLOSE | |
| £/$ | United Kingdom | 1.30 | -0.00 | |
| €/$ | European Union | 1.13 | +0.00 | |
| $/JPY ¥ | Japan | 111.96 | -0.03 | |
| $/CNY ¥ | China | 6.69 | -0.02 | |
MARKET ANALYSIS
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LNG: We expect to see further spot shipping requirements ex SE Asia and Australia during Q2-Q3. Activity in the Middle East remained limited although there continues to be interest from Owners for optimization voyages into the West on the back of forward commitments. In the West, incremental supply from the US Gulf, North Africa and Europe is likely to continue, as FOB opportunities stimulate the spot market.
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Asphalt: Wholesale asphalt barge prices go higher on the East Coast, with flux barges unchanged.
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
