US Oil's Costly Again as It's Stored Less and Shipped More
Tuesday February 20, 2018 - Dwindling volumes at the biggest US oil storage hub and the potential for bigger cargoes to sail overseas is giving American crude a premium sheen once again.
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US Oil's Costly Again as It's Stored Less and Shipped More
Tuesday, February 20, 2018 Dwindling volumes at the biggest US oil storage hub and the potential for bigger cargoes to sail overseas is giving American crude a premium sheen once again.
US Oil Exports Go Up a Gear as Supertanker Sets Sail for China
Monday, February 19, 2018 The flood of US oil exports stepped up a gear after the first fully laden supertanker sailed from an American port.
Sources: Egypt To Import 3 LNG Cargoes From France's Engie For 2Q 2018
Monday, February 19, 2018 EGAS has arranged for the delivery of three LNG cargoes.
A Year Into OPEC's Production Cuts, Asia's Oil Markets Have Tightened
Thursday, February 15, 2018 Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably.
Big Oil CEOs Appeal to Norway to Back Carbon Capture and Storage
Thursday, February 15, 2018 Three of the world's biggest oil companies called on Norway to help maintain funding for carbon capture and storage technology.
Australia Grabs Gasoline From 14,500 Miles Away in Rare Trade
Wednesday, February 14, 2018 Australia is pulling gasoline from 14,500 miles away in Europe.
INE Approves Bonded Storage Zones Ahead Of Crude Futures Launch
Wednesday, February 14, 2018 The Shanghai International Energy Exchange (INE) says it has approved the use of six bonded storage warehouses.
US Supertanker Terminal Set to Export Oil for First Time
Tuesday, February 13, 2018 The nation's top imports terminal is testing one of the industry's biggest tankers to load an export cargo for the first time.
Focus On: LNG & Trends
Pirates Free Oil Tanker With 22 Indian Crew In Gulf Of Guinea
Tuesday, February 06, 2018 Pirates free a ship carrying 22 Indian crew and 13,500 tonnes of gasoline on Tuesday.
Next-Wave LNG Terminals Get Smaller To Offer Flexible Supply Deals
Monday, February 05, 2018 The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking.
Croatia's Janaf Strikes Transport Deals Worth $83MM
Monday, February 05, 2018 Janaf reaches transport agreements worth $83 million.
US Shale Growth Could Support Caribbean Oil Storage Owners
Wednesday, January 31, 2018 Caribbean oil terminals hurt by dwindling Venezuelan supply and a market that encourages traders to pull oil out of tank may get a shot in the arm from US shale.
Husky to Restart SeaRose Operations after Iceberg Probe
Friday, January 26, 2018 Canadian regulators lifted a suspension notice on Husky Energy's SeaRose floating production vessel off the coast of eastern Canada, allowing the company to resume operations on the 27,000-barrel-per-day project.
China Agrees To Joint Tanker Collision Probe With Panama, Iran, Hong Kong
Thursday, January 25, 2018 The maritime authorities of China, Panama, Iran and Hong Kong signed an agreement to jointly investigate a collision in the East China Sea.
Malaysia's Petronas Offers New Bergading Condensate For March
Thursday, January 25, 2018 Petronas has offered 350,000 barrels of new condensate grade Bergading for loading in March, a tender document reviewed by Reuters showed.
North Sea Catcher Area Development Sells First Export Cargo
Wednesday, January 24, 2018 The first export cargo of oil from the North Sea Catcher Area development, containing approximately 500,000 barrels, has been sold at a premium to Brent.
Kemp: US Natural Gas Bears Caught By Return Of Winter
Tuesday, January 23, 2018 US natural gas prices have bounced sharply from their lows in December after a sustained spell of exceptionally cold temperatures pushed stocks near to the bottom of their five-year range.
Ukraine Will Buy Gas From Russia This Year - Naftogaz Chief
Wednesday, January 17, 2018 Ukraine will return to buying gas from Russia in 2018, ending a more than two-year hiatus.
Japan Sees Little Chance Of Oil Slick From Sunk Tanker Reaching Its Coast
Tuesday, January 16, 2018 Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores.
Statoil May Build Onshore Terminal for Castberg Oil -Minister
Tuesday, January 16, 2018 A report on the proposal is expected in 2019, Minister of Petroleum and Energy Terje Soeviknes told Reuters on the sidelines of a conference.
Coast Guard: Stricken Iranian Oil Tanker Drifts Into Japan's Economic Zone
Friday, January 12, 2018 Japan's Coast Guard says a stricken Iranian oil tanker has drifted away from the Chinese coast and into Japan's exclusive economic zone.
Explosion On Iranian Oil Tanker Forces Rescue Team To Retreat
Wednesday, January 10, 2018 Rescue crews were forced to retreat from a stricken Iranian oil tanker in the East China Sea following an explosion on the ship.
Saudi-Led Coalition Says Thwarts Houthi Attack On Oil Tanker
Wednesday, January 10, 2018 The Saudi-led coalition fighting in Yemen says it had thwarted an attack on a Saudi oil tanker over the weekend.
Iranian Oil Tanker Burns For Third Day As Winds, High Waves Lash Rescuers
Tuesday, January 09, 2018 Lashing winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a stricken oil tanker in the East China Sea.
Report: US May Get First LNG Import From Russia Despite Sanctions
Tuesday, January 09, 2018 A vessel that may be carrying liquefied natural gas from Russia's new Yamal LNG export terminal could be heading to the United States despite sanctions.
OPEC's Oil Cuts Claim a Victim as Supertanker Earnings Crash
Tuesday, January 09, 2018 OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain.
Rescue Crews Wrestle To Tame China Oil Tanker Fire; Body Of Mariner Found
Monday, January 08, 2018 Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China's east coast under control on Monday.
US Takes Gas From UK Site That Got First Siberian Cargo
Monday, January 08, 2018 Not many people had expected the US to turn to Europe for natural gas this winter.
Oil Shipments From Georgia's Batumi Port Fall By More Than A Third In 2017
Friday, January 05, 2018 Oil and related shipments from Georgia's Black Sea port of Batumi fell 37.6 percent in 2017.
Asian Refiners Face High Volumes of Western Naphtha
Friday, January 05, 2018 The volumes due from the West are way above 2017's average monthly arrivals of 1.2 million tonnes.
Glencore Sells Parts Of Oil Storage To China's HNA, Awaits US Clearance
Friday, December 29, 2017 Glencore has partly completed the sale of a 51% stake in its storage and logistics businesses to a unit of China's HNA Group.
China Accelerates Stockpiling Of State Oil Reserves Over 2016/17
Friday, December 29, 2017 China's state oil reserves increased by nearly 14% between June 2016 and June 2017, official data shows.
Dominion Energy Denies LNG Contract Renegotiations
Tuesday, December 19, 2017 Dominion Energy says it had no plans to renegotiate any of its liquefied natural gas sales contracts.
Venezuela's PDVSA At Risk Of Losing Bonaire Terminal Over Maintenance Delay
Tuesday, December 19, 2017 PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government spokeswoman says.
Sources: PetroChina To Take On Global Rivals In Major Expansion Drive
Monday, December 18, 2017 PetroChina's oil and gas trading arm aims to buy petrol stations and fuel storage facilities, according to executives.
Frontline CEO: More Scrapping May Lift Oil Tanker Rates In Late 2018
Monday, December 18, 2017 Frontline expects shipping firms to scrap more old vessels which may lead to a recovery in rates in the second half of 2018, its chief executive told Reuters.
Nigeria's Rush For Petrol Could Save Europe's Sagging Margins
Monday, December 18, 2017 Nigeria's rush to keep its citizens supplied with fuel is expected to boost purchases of European gasoline in December.
South Korea's GS Caltex Buys Rare Canadian Crude Cargo For Feb
Monday, December 18, 2017 GS Caltex Corp has bought a rare cargo of Cold Lake crude.
Winter, Dwindling Stocks Draw Wave Of Diesel To New York
Wednesday, November 29, 2017 A wave of tankers carrying diesel was heading for the New York Harbor trading hub on Wednesday.
Sources: Mexico's Pemex Declares Force Majeure On Isthmus Crude Oil
Wednesday, November 29, 2017 Pemex declares force majeure on the loading of Isthmus crude, two sources with knowledge of the matter say.
US Oil Exports Boom, Putting Infrastructure To The Test
Monday, October 30, 2017 US crude exports have boomed since the decades-old ban was lifted less than two years ago.
Could Mexico Be the Next Panama Canal for Gas? Drillers Think So
Friday, October 20, 2017 America's drillers are looking for a cheaper and quicker route.
US Regulator To Monitor Winter Natgas Supply In California, New England
Friday, October 20, 2017 US energy regulators will pay attention to natural gas supply issues in Southern California and New England this winter.
Kemp: US Natural Gas Prices Under Pressure Even As Stocks Tighten
Friday, October 20, 2017 US natural gas stocks continue to tighten, but most traders appear unconcerned.
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.
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