FRO News and Press, Frontline Ltd. From 04/22/20

The contango condition in crude oil markets is rapidly changing and has had a bullish effect on the shares of Frontline ( FRO ) so far. Can investors and traders expect to see a per-share price increase as the contango has widened and land-based storage fills? Based on the company's fleet, is ...

By now, everyone has heard of Hin Leong's bankruptcy filing in Singapore. However, we should remember that Hin Leong owns and operates Universal Terminal, one of the largest crude oil terminal and storage facilities in the world. And, that out to the massive number of tankers anchored in Singa...

Tanker stocks including North American Tankers ( NAT +11.7% ) and Teekay Corp. ( TK +6.9% ) continue their climb higher, as the oil supply glut and lack of coordinated efforts to slow the flow of crude have helped fuel one of the strongest-ever crude tanker markets. More news on: Nordi...

Note: I highlighted the 'Buy Crude Tankers' thesis in a fully public report on 13 March. I recommend reading that one for initial context. Image Credit: DHT Holdings, Q4-19 Presentation Background: COVID-19 Sparks Oil Oversupply Coronavirus (COVID-19) descended with a fury u...

( NOAA - Photo of Oil Spill) As of writing, crude oil front-month contracts are -$35 per barrel. This is, by far, the worst day for crude oil in history. The commodity has done the (seemingly) impossible: falling over 100% in a day. In fact, crude oil declined 260%, which makes the previo...

Oil prices went haywire today, plummeting far below the lowest prices on record , and actually ending at negative levels. By close of trading Monday, the futures contract price for WTI crude to be delivered in May was negative $18.15 per barrel.   And yet, oil tanker stocks soared. By the...

Tanker stocks including Teekay Corp. ( TK +20.6% ), Teekay Tankers ( TNK +20.5% ) and Nordic American Tanker ( NAT +19.1% ) stormed higher today as the lack of crude oil storage makes the group more attractive than ever. More news on: Teekay Corporation, Teekay Tankers Ltd., Nordic A...

It's hard to not get excited when you hear Lloyd's reporting that a tanker was put on charter for a record amount of more than $410,000 per day. Combine that with news reports of route rates at the highest they have been in most trader's lifetimes, and one might think that the seaborne tan...

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Supertanker freight rates have fallen after last week's highs as industry participants await the outcome of this week's OPEC+ meeting before making further bookings, Reuters reports. More news on: Frontline Ltd., Euronav NV, International Seaways, Inc., Energy stocks news, Read more...