|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+||35,000||93.0||69.0|
|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)||58,000||58,000||54,913|
|138-150M3 Steam turbine (West)||40,000||40,000||38,391|
|160M3 Tri-fuel diesel electric (East)||55,000||55,000||51,957|
|138-150M3 Steam turbine (East)||36,000||36,000||35,913|
|LPG (KT)||LAST POSTED SPOT RATE ($/mt)||SPOT TCE RATE ($/day)|
|VLGC, 44 (AG-Japan)||70.71||60,649|
|BUNKERS ($/mt)||IFO 380||MDO|
Iran Scrambles to Lift Petrochemical Sales as Sanctions Hammer Oil
Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales but now risks losing that crucial revenue as Washington tightens the screw on sanctions.
US Consumer Prices Edged Higher in May
US consumer prices inched up in May, held down by a decline in energy prices. Excluding volatile food and energy prices, costs were also up 0.1% on the month.WSJ June 12, 2019
Extreme Weather Boosts Global Energy Demand – BP
Much of the rise could be traced back to increased demand for heating and cooling due to the unusually large number of hot and cold days, the company said.
Potential Cost Efficiency Uplifting Attractiveness of Asian Market for Oilfield Chemicals Manufacturers
A report by Future Markets Insights found that the global oilfield chemicals market is estimated to grow at a CAGR of 4% in the next 10 years.
|COMMODITIES, (8:30 am CT )|
|CRUDE||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|PRODUCTS||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|NATURAL GAS||SOURCE||UNIT||LAST PRICE||Δ PRIOR DAY CLOSE|
|US Henry Hub||NYMEX||$/MMBtu||2.39||-0.01|
|UK National Balancing Point||ICE||$/MMBtu||3.56||-0.00|
|NATURAL GAS LIQUIDS||SOURCE||LAST PRICE (₵/gal)||LAST PRICE ($/mt)||Δ PRIOR DAY CLOSE(₵/gal)|
|US Mont Belvieu Propane (Spot)||Reuters||42.38||220.80||-1.37|
|PRICE SPREADS ($/bbl)||SOURCE||LAST PRICE||Δ PRIOR DAY CLOSE|
|Brent 3-2-1 Crack||ICE||10.43||+0.29|
|MARKETS, ( 8:30 am CT )|
|EQUITIES||REGION/COUNTRY||LAST VALUE||Δ PRIOR DAY CLOSE|
|S&P 500||United States||2,885.72||-1.01|
|FTSE 100||United Kingdom||7,353.99||-44.46|
|CURRENCIES||REGION/COUNTRY||LAST VALUE||Δ PRIOR DAY CLOSE|
LNG: With prompt tonnage availability increasing in the East and Players for the most part covered for June, near term availability looks sufficient to cover any new spot demand. However, unclear schedules, forward commitments and size restrictions could mean fewer options for Charterers than expected i n 2H 2019.
Aspahlt: Most Midwest retail prices were steady, but selling ranges are adjusted higher in a few spots. Paving is improving with drier conditions. Flux markets were steady for June supply.
June 24-27: 11th CWC World LNG & Gas Series: Asia Pacific Summit. Poten are Sponsors and Exhibitors.
September 11-12: S&P Global Platts 9th Annual NGLs Conference. Poten will be Exhibitors.
September 17-19: Gas Tech Exhibition & Conference