by Mariusz Skonieczny | Apr 20, 2020 | General
The CEO of Euronav answers a question beautifully. Now that everybody is talking about oil storage shortages, his answer is very...
by Mariusz Skonieczny | Apr 20, 2020 | General
I am sitting in front of the computer on Sunday night and boom the price of oil is collapsing. WTI is at $15 per barrel. Tomorrow the tankers are either going to be up or down hugely. I say down because they might go down with oil. They shouldn’t but in this...
by Mariusz Skonieczny | Apr 19, 2020 | General
It is a very nice feeling to finally hold your book after jumping through so many hurdles to publish it. Amazon must be super busy because it took them forever to ship it. Available on Amazon.
by Mariusz Skonieczny | Apr 19, 2020 | General
Over the last five years, Oil Tankers CEOs and analysts have been very bullish on the sector ending up with egg on their face. I compiled a set of videos from various shipping conferences from 2016 to 2020. You can watch them below. It is interesting to listen to...
by Mariusz Skonieczny | Apr 17, 2020 | General
https://www.nytimes.com/reuters/2020/04/17/business/17reuters-global-oil-tankers-storage.html Original article https://www.reuters.com/article/us-global-oil-tankers-storage/crude-oil-held-in-sea-storage-hits-new-record-at-160-million-bbls-sources-idUSKBN21Z2A2 LONDON...
by Mariusz Skonieczny | Apr 17, 2020 | General
Wow. Look at this oil contango today. Amazing. I wrote about this opportunity here. Every day that contango stays here, more and more VLCCs are put away for storage because there is 100 percent certainty that traders will take the free money arbitrage. The oil excess...
