Oil News

 

Activists Blockade Shell Refinery in Port of Rotterdam

Oct 04, 2021

Dozens of Greenpeace activists in Rotterdam port used a ship, buoys and a small flotilla of kayaks on Monday to block traffic around Shell’s Pernis refinery, Europe’s largest, as part of a campaign seeking a ban on fossil fuel advertising.Police…

LOOP Did Not Deliver Sour Crude from Storage in September

Oct 01, 2021

The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, said on Friday it made no deliveries of sour crude from storage last month, following two storms that hit the U.S. Gulf Coast.The facility closed on August 28 ahead of Hurricane Ida…

Oil Output, Vessel Traffic Halted as Nicholas Lashes Texas

Sep 14, 2021

Hurricane Nicholas on Tuesday took another swipe at U.S. Gulf Coast energy facilities, cutting offshore oil and gas output gradually recovering from the last storm and disrupting power to onshore pipeline, gas and chemical plants.Royal Dutch…

US Gulf of Mexico Oil Production Losses Lead to Cargo Cancellations

Sep 09, 2021

U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo shipment cancellations to buyers in Asia.Production should…

Baton Rouge, New Orleans Ports Reopen After Ida, Key Oil Hubs Remain Shut

Sep 02, 2021

Most ports along the U.S. Gulf Coast had reopened on Thursday following lengthy closures from Hurricane Ida, which lashed southern Louisiana with 150-mile-per-hour winds that caused extensive infrastructure damage and floods.Two of Louisiana’s main ports…

Russia's Oil Exports from Western Ports to Inch Up in Sept

Aug 25, 2021

Russia's oil exports and transit from its western seaborne outlets were set at 6.17 million tonnes in September compared to 6.29 million tonnes in the revised August plan, the preliminary schedule seen by Reuters showed on Wednesday.On a daily basis combined oil loadings from Primorsk…

China’s 2021 Crude Oil Imports Down 5.7% - BIMCO

Aug 23, 2021

Chinese crude oil imports fell year-on-year in June and July, ending a streak of five months of accumulated year-on-year growth. After the first seven months of 2021, China’s crude oil imports are down 5.7% compared with the same period last year…

Tanker Firm Frontline Keeps Barstad as Permanent CEO

Aug 19, 2021

Oil tanker company Frontline has appointed Lars H. Barstad as the Chief Executive Officer of Frontline Management AS with effect from September 1, 2021.Barstad currently serves as the Interim Chief Executive Officer of Frontline Management AS…

China's Crude Oil Imports Rebound

Aug 09, 2021

China's crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes.China brought in 41…

China Goes from Driver to Brake for Crude Oil, Iron Ore and Copper

Aug 09, 2021

China has switched from driving global demand for major commodities to being a drag on growth, with July's customs data confirming the weakening trend for imports of crude oil, iron ore and copper.The exception to the trend was coal, but the…

China Crude Processing Spikes to All-time High

Jun 24, 2021

Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been…

Shipping Influx Infuriates Israeli Environmentalists

Jun 14, 2021

The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa were met by celebration in Israel. Flags waved. Reporters gathered. The prime minister walked the pier and gave a speech about the fruits of making peace…

Singapore Adds 23 Charges Against Founder of Oil Trader Hin Leong

Apr 30, 2021

A Singapore prosecutor filed 23 additional forgery-related charges on Friday against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd.Last year, police had charged the 79-year-old former oil tycoon, better known as O K Lim…

The Suez Canal: A Vital Transit Route With an Ancient History

Mar 26, 2021

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.The 193-km (120-mile) waterway, run by the state-owned Suez Canal Authority…

Oil Gains More Than $3/bbl After Suez Canal Ship Grounding

Mar 24, 2021

Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.The crude benchmarks, U.S. crude and London-based Brent…

Logistics News

The Nordic Maritime Forum 2024 will happen in Oslo

The Nordic Maritime Forum 2024 will happen in Oslo

Renewable Energy System Dedicated at Port of Long Beach

Renewable Energy System Dedicated at Port of Long Beach

Long Term Rates Edge Up Globally as Red Sea Conflict Continues

Long Term Rates Edge Up Globally as Red Sea Conflict Continues

Turkey Halts All Trade with Israel

Turkey Halts All Trade with Israel

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