Simpson Spence News Today

U.S. crude, WTI, is now more expensive for Asian refiners compared to the crude grades from the Middle Eastern producers as tanker rates have surged in recent weeks

The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this... -January 10, 2024 at 08:04 pm EST - MarketScreener

The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the…

The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the…

The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this... -January 10, 2024 at 04:25 am EST - MarketScreener

South Korean jet fuel exports to the United States in June are headed for a near two-year high as oil traders cash in on stronger U.S. demand as Asia's aviation sector is still recovering, industry sources said.

Recent studies have highlighted the limitations of slow-steaming, a commonly employed strategy aiming to help reduce the shipping industry’s greenhouse

The center of gravity in the global oil refining complex is shifting sharply eastward.

By Chunzi Xu and Alex Longley (Bloomberg) — The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s spurring a boom in the business of...

SINGAPORE (June 9): Indonesian naval officers have asked for $375,000 to release a fuel tanker they detained last week for anchoring illegally in Indonesian waters off Singapore, two people involved in negotiations over the unofficial payment said. The incident comes after Reuters reported a dozen similar detentions last year. In those cases, the ship owners made unofficial payments of about $300,000 each and the vessels detained by the Indonesian navy east of Singapore were released.