Tanker operator MISC reported third quarter revenues that grew 1% on a year earlier, led by a 13% expansion in its liquefied natural gas (LNG) business. That echoes the result seen at Qatari operator Nakilat, and allowed it to outperform the tanker sector’s 6% decline. MISC’s oil business, ... Read more →
Global demand for crude oil continues to grow unabated. U.S. imports climbed 11% on a year earlier in August, a tenth month of growth. There was probably a drop in September, based on EIA data, as a result of hurricane disruptions. That cut demand from Chevron for seaborne crude by 58% and ... Read more →