July 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 18,000 21,800
Suezmax, 130  WAF-UKC 6,000 12,900
Aframax, 70 CAR-USG -6,900 13,600
Panamax, 50  CAR-USG 8,100 16,300
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 9,500 11,700
MR, 38  USG-UKC -700 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 27,000 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 17,500 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 62,002 63,293
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 56,000 56,667 55,000
138-150M3 Steam turbine (West) 38,000 38,667 38,360
160M3 Tri-fuel diesel electric (East) 53,000 53,667 52,040
138-150M3 Steam turbine (East) 34,000 34,667 35,760
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 76.14 60,277  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 430.5 635.0  
Rotterdam 416.0 585.5  
Singapore 400.5 616.0  

ENERGY NEWS

Output Cuts Boost Asia Oil Refining Margins to Highest Since Sept 2017: Data

Asia oil refining margins have more than tripled in the past four weeks to hit their highest since September 2017 after refiners cut output and tightened fuel supplies.

Reuters July 12, 2019

Hoegh LNG Inks Debut Cheniere Deal for Latest Newbuilding

Cheniere has fixed the 170,000-cbm Hoegh Galleon in what marks the first firm contract between the two companies.

TradeWinds  July 12, 2019

Oil Markets Will See Another Glut in 2020, IEA Predicts

The energy agency said the “main message” of its closely-watched report was that oil supply in the first six months of 2019 had exceeded demand by 0.9 million barrels per day.

CNBC  July 12, 2019

ADNOC CEO Al Jaber Meets With Russian Energy Minister to Discuss Partnership Opportunities

ADNOC Group has taken a strong stance on increasing foreign partnership and investment as part of its 2030 smart growth strategy. It also includes an increased focus on natural gas and downstream opportunities.

Oil and Gas  July 11, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 66.75 +0.23
WTI NYMEX $/bbl 60.28 +0.08
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 197.83 -1.12
Heating Oil  NYMEX ₵/gal 197.64 -0.22
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.44 +0.02
UK National Balancing Point ICE $/MMBtu 4.23 -0.13
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 50.75 264.41 +0.25
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 14.13 -0.56

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,999.91 +6.84
FTSE 100 United Kingdom 7,522.37 +12.55
DAX Germany 12,334.54 +2.42
SH Composite China 2,930.55 +12.79
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.25 +0.00
€/$ European Union 1.12 -0.00
$/JPY ¥ Japan 108.24 -0.24
$/CNY ¥ China 6.88 +0.01

MARKET ANALYSIS

Asphalt: Midwest wholesale asphalt markets were very active, with price ranges steady for rail and lower for barges. Flux prices were steady this week.

Oil: Prices are on track to jump this week as Storm Barry outweighing concerns of global supply glut.

Natural Gas: Prices are predicted to fall on larger than expected Inventory build.

                                                       
              POTEN EVENTS

September 11-12: S&P Global Platts 9th Annual NGLs Conference. Poten will be Exhibitors.

September 17-19: Gas Tech Exhibition & Conference

October 21-22: LNG Inrastructure Development Summitas Tech Exhibition & Conference. Silver Sponsor.

 
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