Iran Breaking Pricing Tradition for Crude Exports to Asia
Sunday, 10th April 2016
Iran is seeking to enter an oil price war with its rivals. Tehran ratcheted up its offense in the oil market by breaking a pricing tradition, signaling it is determined to win its market share at a time when rival producers are trying to forge a deal on freezing output.
LNG SHIPPING – PRICING CONSIDERATIONS
Thursday, 8th October 2015
For a while, it seemed that LNG tanker charter rates could only go up. After a 2009-2010 over-supply glut, the time charter rates were propelled past the $100,000 a day threshold due to the combined effect of the Fukushima incident and expectations of future flows coming out of the new US and Australian liquefaction plants. In response, order books for tankers grew, encouraging international energy groups to enter the market. This ended up locking many companies into high rates for the service for multiple. These arrangements may now require revisiting as rates are decreasing in response to over-supply (new vessels entering service) and lower demand caused by the decrease in LNG price differentials.