June 12, 2019 

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SHIPPING RATES & BUNKERS

SHIPPING RATES & BUNKERS ( 10:30am ET )
       
DIRTY TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
VLCC, 270   AG-FE 11,100 21,800
Suezmax, 130  WAF-UKC 24,000 12,700
Aframax, 70 CAR-USG 6,500 13,700
Panamax, 50  CAR-USG 17,200 18,200
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 8,300 11,900
MR, 38  USG-UKC 0 3,700
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 35,000 93.0 69.0
Suezmax, 130-200 26,000 61.5 50.0
Aframax, 80-130 23,500 51.0 36.0
LR2, 80-130 23,000 53.0 37.0
LR1, 60-80 17,500 43.0 30.0
MR, 42-60 17,000 36.0 28.5
Handymax. 30-42 14,500 34.0 22.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 64,104 63,442
       
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   
US Gulf 365.5 592.5  
Rotterdam 376.0 544.5  
Singapore 395.0 566.5  

ENERGY NEWS

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.

Reuters June 12, 2019

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.

Montel News June 12, 2019

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.

Oil and Gas June 12, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 61.15 -1.14
WTI NYMEX $/bbl 52.17 -1.10
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 173.56 -2.07
Heating Oil  NYMEX ₵/gal 180.71 -1.50
         
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

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
DAX Germany 12,115.09 -40.72
SH Composite China 2,909.38 -16.34
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.27 +0.00
€/$ European Union 1.13 -0.00
$/JPY ¥ Japan 108.48 -0.02
$/CNY ¥ China 6.92 +0.01

MARKET ANALYSIS

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.

                                                       
                                                                                                                               POTEN EVENTS

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

 
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