Implied volatility has been slow to respond to the recent move lower.

Government shows 'blurry attitude' on whether they will issue more licenses.

Stalled investment cash flows and geopolitical issues should mitigate demand growth and pockets of shortages globally.

Senior official warns that 'now the most acute problem in China is the increased importation of crude oil'.

Owners and operators run risk of overlooking below the line or hidden costs.

The collapse of shipping companies and how banks will behave.