Oil News


Fire Erupts at Oil Depot in Crimea

Oct 07, 2024

A fire broke out at an oil depot in the city of Feodosia on the Crimean coast of the Black Sea, Russian-appointed officials in the Crimean Peninsula that Moscow annexed from Ukraine in 2014 said on Monday.There were no casualties, Oleg Kryuchkov…

Oil Loadings from Russia's Port of Novorossiisk Revised Up for October

Oct 07, 2024

Oil exports from Russia's Black Sea port of Novorossiisk were revised up by 0.22 million metric tons from a previous forecast to 2.42 million tons for October, two sources familiar with the plan said on Monday.Initially oil loadings from Novorossiisk…

Russia's Seaborne Oil Product Exports Dip

Sep 20, 2024

Russia's seaborne oil product exports in August fell to 9.074 million metric tons, down 2.3% month on month, data from industry sources and Reuters calculations showed.Russia's offline primary oil refining capacity for August at 2.95 million tons was up from July's level by some 3%…

Libyan Crude Exports Rise Sharply

Sep 16, 2024

Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according to data from analytics firm Kpler and a shipping agent.Tankers carrying crude including Flavin, Pacific Pearl, Ghibli…

US Gulf Coast-bound Fuel Oil Cargoes Hit Five-year Low

Sep 06, 2024

Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened, analysts said.Feedstocks like high sulfur fuel oil and other heavy residues…

Oil Loadings at Russia's Western Ports on the Rise

Sep 06, 2024

Russia will increase oil exports via its western ports to 1.98 million barrels per day (bpd) in September, up by just 30,000 bpd from August, despite expected start of seasonal maintenance on Russian refineries, two trade sources said on Friday…

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…

Current News

Six Die in Russian Attack on Odesa

Hurricane Milton Bears Down on Florida's Gulf Coast

Former Amazon Exec's Supply Chain Startup raises $100 Million

Bunker One Launches Physical LNG Bunker Supply

Subscribe for Maritime Logistics Professional E‑News