News Categories: Terminals and Storage News


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OPEC Oil Cut Extension Renews Asia's Crude Supply Worries
Friday, May 26, 2017 In physical markets, where tankers can take weeks or months to deliver crude oil, refiners want to know if they will be forced to search for new suppliers.

Colorado Oil Tank Fire Kills One, Injures Three
Friday, May 26, 2017 A blaze engulfed a Colorado oil tank battery on Thursday, killing one worker and injuring three, authorities said.

Kemp: US Freight Recovery Spurs Diesel Demand
Thursday, May 25, 2017 U.S. freight movements have started increasing again, which should help boost consumption of distillate fuel oil in 2017 and 2018.

Big Drop in US Oil Stocks Finally on the Way, Traders Say
Thursday, May 25, 2017 A reduction would show the market is finally reversing course after years of stock builds that left a worldwide overhang of half a billion barrels of crude oil and refined products.

Kuwait's KNPC Plans $1.3B Oil Products Storage Plant
Wednesday, May 24, 2017 KNPC might build a large storage plant for oil products at a cost of 400 million Kuwaiti dinars ($1.32 billion), its chief executive said.


China's Sinopec Starts Building Nation's Largest Gas Storage Site
Wednesday, May 24, 2017 The storage facility will be connected to pipelines and supply gas to central China, Beijing and Tianjin.

Trump Proposes Selling Off Half US Strategic Oil Reserve
Tuesday, May 23, 2017 The White House plan to trim the national debt includes selling off half of the nation's emergency oil stockpile, part of a broad series of changes proposed by President Trump.

Trump Budget Would Sell Entire US Northeast Gasoline Reserve
Tuesday, May 23, 2017 The Trump administration is proposing to sell off in the coming fiscal year the entire gasoline reserve created in the aftermath of Hurricane Sandy, according to its budget proposal unveiled on Tuesday.

China Says Will Eventually Allow Private Companies To Invest In Oil Storage
Monday, May 22, 2017 China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector.

Traders Brace for First Winter Without U.K.'s Big Gas Store
Friday, May 19, 2017 In the past, a fully operational Rough provided a buffer against price swings.

ExxonMobil Plans to Import Fuel to Mexico to Supply Its Gas Stations
Friday, May 19, 2017 ExxonMobil expects to open its first service stations in Mexico later this year and will sell gasoline and diesel fuels.

Full Tanks and Tankers: A Stubborn Oil Glut Despite OPEC Cuts
Friday, May 19, 2017 Stalled crude storage tank drawdowns have shed light on the broader challenge facing OPEC.

U.S. Inventories of Oil, Gasoline Fall in Latest Week - EIA
Thursday, May 18, 2017 U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks decreased and distillate inventories fell, said EIA.

Flotilla of U.S. Crude Heads to Asia as OPEC Weighs Extending Cuts
Thursday, May 18, 2017 Oil tankers carrying around 10 million barrels of U.S. crude are en route to Asia, according to shipping data and trade sources.

Puma Energy Asia Sun Aims to Distribute Petroleum in Myanmar
Tuesday, May 16, 2017 Myanmar's fuel demand is rapidly rising and the country is fast becoming a key importer in the Southeast Asia region.


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