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Russell: China Crude Oil Storage Splurge Is OPEC's Best Friend
Monday, October 16, 2017 China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy.
Asia Oil Buyers Turn To US In Hunt For Cheap Supply
Monday, October 16, 2017 Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year.
Shrinking Europe Oil Glut Gets Even Smaller After US Hurricane
Wednesday, October 11, 2017 If you want to see how the oil market's re-balancing, just take a look at Europe's storage tanks.
Colonial Partners With Enterprise For Fuel Exports From Beaumont Terminal
Tuesday, October 10, 2017 Colonial Pipeline and Enterprise Products Partners said they have partnered to boost exports from the Beaumont refined oil products terminal in Texas.
Oil Traders Hoard Less on Ships Near Singapore as Market Flips
Monday, October 09, 2017 One of the biggest stores of oil at sea is showing signs of emptying out.
Total, Eni, Statoil Seek Buyers for N. Sea Teesside Terminal -Sources
Monday, October 09, 2017 The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million, according to the sources.
Kemp: US Refiners Struggle to Keep Up with Demand for Distillates
Friday, October 06, 2017 Stocks have declined by 27 million barrels since the start of the year compared a 3 million barrel increase in the same period last year.
Chinese Fishermen Die As Boat Collides with Tanker in Japan Waters-Xinhua
Friday, October 06, 2017 Thirteen Chinese fishermen died after their boat collided with a Hong Kong oil tanker in international waters off Japan, state media Xinhua reported.
Focus On: Analysis & Trends
Buckeye Resumes Operation At Yabucoa, Puerto Rico; Tankers Discharge Fuel
Tuesday, October 03, 2017 Buckeye Partners has resumed operations at its marine oil terminal and storage tanks in Puerto Rico.
Joy And Relief Greet Puerto Rico Fuel Deliveries After Hurricane
Tuesday, October 03, 2017 Two weeks after Hurricane Maria plowed into Puerto Rico, finding gasoline and diesel has become a regular ordeal for the island's 3.4 million residents.
Matrix Global Plan US Sweet Crude Storage Contract Amid Export Growth
Thursday, September 28, 2017 The LOOP is the only US Gulf Coast port that can handle tankers known as Very Large Crude Carriers that are capable of transporting up to 2 million barrels of oil.
Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers
Thursday, September 28, 2017 The time charter of the ship comes despite the market structure for Brent crude futures flipping into backwardation, when spot prices are higher than for later delivery.
Phillips 66 Awards Texas Terminal Project to CB&I
Tuesday, September 26, 2017 It's CB&I's third project at Phillips 66's Beaumont Terminal in Nederland, Texas.
Strong Growth In Fuel Demand Accelerates Oil Market Rebalancing
Tuesday, September 26, 2017 Strong oil demand growth in emerging economies led by China and India, but also from Europe, is drawing down oil stockpiles faster than expected.
Iran Vows Oil Exports as Cargoes Seen Unscathed by Trump Threat
Monday, September 25, 2017 Iran will persist with exporting its oil to global customers, unfettered by Donald Trump's intensifying offensive against the country, according to the Middle East nation's state-run producer.
Enterprise: US Oil Exports To Meet 5% Of Non-US Global Demand By 2022
Monday, September 25, 2017 Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022.
EPA Extends Enforcement Discretion for Harvey-hit Fuel Storage Facilities
Friday, September 22, 2017 Similarly, EPA extended enforcement discretion for certain air pollutants from gasoline storage tanks during so-called roof landings.
Buckeye Partners' Puerto Rico Oil Terminal Still Closed after Maria
Friday, September 22, 2017 Buckeye did not say if the tanks at the 4.6-million-barrel terminal were damaged by Hurricane Maria.
Abu Dhabi's Adnoc Is Said to Consider IPO for Shipping Business
Thursday, September 21, 2017 Abu Dhabi National Oil Co. is considering a plan to sell shares in its shipping unit as part of a broader strategy to attract investment.
Mexico's Pemex Says Gasoline, Diesel Supplies Guaranteed
Thursday, September 21, 2017 Pemex says its installations suffered no significant damage from an earthquake.
Caribbean Oil Terminals Make Preparations Ahead Of Hurricane Maria
Tuesday, September 19, 2017 Several Caribbean oil storage terminals that temporarily closed ahead of Hurricane Irma earlier this month have started making preparations in case they have to shut again.
Kemp: US Natural Gas Prices Rise As Winter Stocks Look Tight
Tuesday, September 19, 2017 US natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year.
Turkey-Based Palmali Lodges $2B Claim Against Lukoil's Litasco
Monday, September 18, 2017 Palmali says it lodged a claim with the English High Court worth almost $2 billion against Litasco.
Oil Cargoes Shift Away Venezuela As Hurricanes Extend Disruptions
Monday, September 18, 2017 Shippers are sending oil cargoes originally bound for Venezuela to other spots in Latin America and the Caribbean, in advance of coming hurricanes.
Two Weeks After Harvey, Cheniere Runs More Gas Than Ever
Friday, September 15, 2017 Cheniere's flagship Sabine Pass terminal in Louisiana is liquefying more natural gas for export than ever.
French Nuclear Regulator Investigations Fuel Winter Supply Doubts
Friday, September 15, 2017 France could face a second winter of tight power supply as nuclear reactors undergo a review of hundreds of components and increased scrutiny demanded by the country's watchdog.
Magellan Midstream Probes Big Texas Fuel Spill During Harvey Floods
Tuesday, September 12, 2017 Magellan Midstream Partners says it was investigating the cause of a nearly 11,000-barrel gasoline spill from two above-ground fuel storage tanks at its Houston-area terminal.
Buckeye Targets Normal Operations At Bahamas Oil Terminal On Tuesday
Tuesday, September 12, 2017 Buckeye Partners LP said it aims to resume normal operations its Bahamas crude oil and fuel terminal after Hurricane Irma rampaged through the Caribbean.
US Waives Jones Act To Secure Fuel For Hurricane Responders
Friday, September 08, 2017 The US government says it is temporarily waiving a law that limits the availability of cargoes on the US coasts.
CFTC: Speculators Boost US Natgas Net Longs For First Week In Three
Friday, September 08, 2017 US natural gas speculators this week boosted their net long positions for the first time in three weeks.
Hurricane Irma Worsens Latin America's Fuel Supply Crunch
Thursday, September 07, 2017 Monster Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin America.
In Sign Of Oil Rebalancing, North Sea Floating Storage Shrinks
Thursday, September 07, 2017 The volume of global price benchmark North Sea crude being held in floating storage has declined sharply since mid-August, according to shipping data and trade sources.
NuStar's St. Eustatius Terminal Damaged By Irma, No Restart Date Set
Thursday, September 07, 2017 Nustar Energy's oil terminal in the Caribbean island of St. Eustatius suffered damage to several tanks and other equipment due to Hurricane Irma.
Buckeye Partners Shuts Puerto Rico Oil Terminal Ahead Of Hurricane Irma
Wednesday, September 06, 2017 Buckeye Partners has shut its Yabucoa oil terminal in Puerto Rico ahead of Hurricane Irma.
NGL Study Serves as 'First Step' for Appalachian Storage Hub
Tuesday, August 29, 2017 The study, which will be publicly available beginning Sept. 1, outlines various subsurface NGL storage options in the region.
US Traders Seek Oil Product Cargoes from N.Asia After Harvey -Sources
Monday, August 28, 2017 Singapore complex refining margins are already at their highest August level in five years.
Mexico's Pemex Says Fuel Supply Guaranteed Despite Harvey
Monday, August 28, 2017 Pemex said that Mexico's gasoline and diesel supplies were "guaranteed" despite the closure of Texan refineries that supply Latin American markets.
Brazil to Crack Down on Ships Sold Into 'Toxic' Scrap Trade
Thursday, August 24, 2017 Brazilian regulators are planning to strengthen rules to prevent exporters from selling aging ships to buyers who offload the vessels in South Asia's controversial coastal scrapyards.
Ten Sailors Missing After US Warship, Tanker Collide Near Singapore
Monday, August 21, 2017 Ten US sailors were missing after a US warship collided with an oil tanker east of Singapore before dawn on Monday.
Norway's Record July Gas Sales Could Lift Statoil Earnings
Friday, August 18, 2017 Norwegian gas sales hit a record July high, which analysts said would deliver strong quarterly earnings for top producer Statoil.
Dutch Oil Storage Firm Vopak Sees 2017 Profit Down On Lower Occupancy
Friday, August 18, 2017 Vopak says its core profit in 2017 would be lower than last year.
Smart Gas Tankers Earning More Take Scenic Routes Amid Glut
Thursday, August 17, 2017 Advances in technology mean less of the fuel would end up lost at sea during the journey.
Glencore To Start Importing Fuel For Mexico In February
Thursday, August 17, 2017 Glencore expects to start importing fuel for Mexico's domestic market in February 2018.
New American Oil Tankers Are Great for Traders, Lousy for Owners
Thursday, August 17, 2017 Once rare American-built oil tankers are now plentiful, changing US gasoline flows and giving shipowners headaches.
Novum Completes First Sale of Imported Diesel to Mexican Retailer
Monday, August 14, 2017 US-based trading firm Novum Energy said it has completed its first sale of imported ultra-low sulfur diesel to a Mexico-based fuel retailer.
Indian Oil, Partners Look For Cheaper Site For Pacific NorthWest Terminal
Thursday, August 03, 2017 Indian Oil Corp says it is in talks with its partners to scout for an alternative, cheaper site for the Pacific Northwest LNG terminal.
Loadings: Iran's Oil Exports To China To Rise To 11-Month High In August
Thursday, August 03, 2017 Iran's oil exports to China may rise to the highest in 11 months in August.
Owners Of Modern VLCCs Could See Rates Blip In Market Under Pressure
Friday, July 28, 2017 Owners of modern very large crude carriers (VLCCs) could see a gain in charter rates amid tightening vessel supply.
Petronas To Take A Hit From Pullout, But Sees Long-Term Domestic Gains
Friday, July 28, 2017
UN: Saudi-Led Coalition Stops Oil Tankers From Entering Yemen
Thursday, July 27, 2017 A Saudi-led military coalition and the government of Yemen denied four oil tankers access to a Yemeni port last week.
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