Dec 29: 8Long haul seaborne petrochemical transportation market continues to deteriorate: Despite the growth in underlying demand for petrochemical products, there has been a deteriorating long haul seaborne petrochemical transportation market over the past 5 years, in large due to declining Middle East ethylene exports (in the period 2011-2016 tons declined by 59%). Relevant data fields on carrier sizes, likely addition to fleet and future market size are carried here. Click on Report for more.
82017 global tanker market Round-Up. Average TCE VLCC rates for the year are hovering below US$ 10,500pd which is around a third of the average of 2016 rates which were US$ 30,400pd. On a slightly better note, Suezmax TCE rates, although down year on year have only fallen to around half of what they were, with the TCE having average at US$ 12,500pd this year. Similar to the Suezmax market, average Aframax TCE rates have also fallen to around half of what they were, with the TCE having averaged at US$ 9,000pd for the year so far. Click on Report for more.
8The ratio of Japanese LNG price and US Henry Hub has increased to 2.1 in the third quarter of 2017 while in April 2017 it was as low as 1.7. The average TTF/Henry Hub ratio increased to 1.9 in the third quarter of 2017 from 1.6 in May 2017. In absolute terms, the TTF/Henry Hub differential increased to 2.6 USD/mmbtu in the third quarter, up from an average 2.0 USD/mmbtu in the previous quarter. Click on Report for more.
8Get a detailed year-end roundup of the Indian oil & gas market. See how the government looks at the year, of course with satisfaction. Click on Report for more.
8Know all about the Shapoorji Pallonji Group: Which direction are they headed? Click on Report for more.
8Pneumatic Valves Market Development Trends, Market Scope and Overview by 2022. Click on Report for more.
8Transitioning Towards a Sustainable Energy Future: Challenges and Opportunities for India, a lecture by former Shell India boss, Vikram Singh Mehta. Click on Report for more.
8IOC: New CVO appointed. Click on Report for more.
8EIL is slated to grab large contracts: The company is likely to garner the contacts for HPCL Barmer refinery (expected refinery cost is Rs 410 Bn) and West Coast refinery (40 mn tonnes project; value Rs 1.4 trillion, PMC scope could be 5-7% of total cost) could get awarded over FY18-20. Find out more. Click on Report.
8Soaring prices, tight supply drive LNG tanker speeds to near 3-year high. Click on Report for more
8Outlook 2018: OPEC'S alliance to face stiff tests. Click on Report for more.
8OIL has come out with a coffee table book. Get a copy here. Click on Report.

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