Global Macro Perspectives
Baltic Dirty Tanker Index rose 1.8%; Baltic Clean Tanker Index decreased 1.8%. Similar as with crude oil markets the demand here is weak, but vessel owners are expecting firm May demand (firm is maybe an understatement). I’m skeptical. Concerning floating storage, recent reports say that 40 VLCC’s or 7.5% of world fleet is used to […]
Nothing serious, but a hint on what could happen. WSJ: Iraqi Oil Officials Accuse Iranians of Holding Iraqi Oil Field.
Although this in not a blog on politics this particular situation could have enormous impact on markets. Iran and it’s nuclear ambitions and the further developments could pose a future large shock to the markets and unfortunately I think, time wise, something could happen very fast. Maybe early as next year. Nice outline of the […]