Oil News

 

Libya Oil Exports Are Mostly at a Standstill

Sep 05, 2024

Libyan oil exports remained largely halted on Thursday, shipping data showed, but some tankers were being allowed to load crude from storage, with output still curtailed amid a political standoff over the central bank and oil revenue.Oil tanker…

Russia's Seaborne Diesel Exports Fall to One-year Low

Aug 30, 2024

Russia's seaborne diesel and gasoil exports are expected to fall in August to the lowest since September 2023 at 2.7 million-2.8 million metric tons due to refinery maintenance and domestic fuel demand, LSEG and market sources data show.Russia's…

Nigeria Seeking Operators for State-owned Oil Refineries

Aug 30, 2024

Nigeria's state-owned NNPC Ltd oil company said it has started the tender process for the operation of the Warri and Kaduna refineries, which are scheduled to begin processing crude this year.The oil refineries, which are being upgraded after being shut for several years…

Poland's Orlen in Deal for BP Oil

Aug 19, 2024

Polish refiner Orlen will receive 6 metric tons of oil from British energy group BP, under a year-long agreement, it said on Monday. The deliveries of North Sea oil are expected to cover about 15% of Orlen's requirements and both companies are open to future cooperation on joint projects…

India Tightens Ties to Russian Oil

Aug 07, 2024

“During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6 million barrels per day (mbpd), an increase of 1000% compared to 2021, before Russia invaded Ukraine…

Russia Boosts Fuel Shipments to Latin America

Jul 24, 2024

Russia has begun shipping oil and refined products to Bolivia, helping to tackle a fuel shortage in the country, and expanding its presence in Latin America as Western sanctions have forced Moscow to seek new markets, traders and shipping data show…

Texas Energy Industry Assesses Damage After Hurricane Beryl Batters Gulf Coast

Jul 08, 2024

The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S. Gulf Coast, closing key shipping ports and hitting the oil refining and production sectors.Beryl made landfall near the coastal town of Matagorda…

US Crude Imports Touch Two-year High Despite Lukewarm Demand

Jun 26, 2024

U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season.Imports of crude oil rose to 3.1 million barrels per day (bpd) in May…

Russian Oil Exports from Western Ports Seen Lower in July

Jun 19, 2024

Russia's oil exports from its western ports in July are expected to decline from June amid higher refinery runs and Moscow's pledge to stick to OPEC+ output cuts, two traders said.Russian oil exports from Baltic ports Primorsk and Ust-Luga as well as the Black Sea port of Novorossiisk…

Trans Mountain Pipeline to load 22 Tankers in Vancouver

Jun 12, 2024

Twenty-two oil tankers are scheduled to load this month in Vancouver with crude from the expanded Trans Mountain pipeline, which is running around 80% full with a 'little bit' of spot capacity also being used, a Trans Mountain executive said on Wednesday…

Hengyi Steps Up Fuel Oil Exports from Brunei After Refinery Fire

Jun 11, 2024

China's Hengyi has increased fuel oil exports from its Brunei refinery this month and has delayed loadings of other refined products following a fire at the plant in late May, according to several trade sources and ship-tracking data.The delivery…

U.S. Gulf Coast Imports of Straight-Run Fuel Oil at Record

May 28, 2024

Imports of straight-run fuel oil (SRFO) to the U.S Gulf Coast were set to climb to record levels this month as Mideast and African suppliers ramped up exports and U.S. refiners scrambled for heavy feedstocks, according to data from ship tracker Kpler…

First Oil Cargo from Expanded Trans Mountain Pipeline Set to Load

May 21, 2024

Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed.Chartered by Canadian oil producer Suncor Energy…

First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load

May 20, 2024

Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed.Chartered by Canadian oil producer Suncor Energy…

Niger PM Says Benin's Oil Export Blockade Violates Accords

May 12, 2024

Niger's Prime Minister Ali Mahaman Lamine Zeine said on Saturday that Benin's blockade of Niger's oil exports, imposed in response to a border closure, violated trade agreements between the two countries and with Niger's Chinese partners.Speaking at a press conference in the capital Niamey…

Logistics News

TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman

TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman

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New Chief Executive Appointed at MPA Singapore

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JSW Infrastructure Expects Cargo Volume Growth Rise in 2026

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

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