Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.China's crude…
The insolvency of a major storage terminal planned in northwest Europe has supported regional tank storage rates for diesel and gasoline, just as European traders rush to fill up diesel tanks ahead of a Feb. 5 ban on Russian fuel.Earlier this month…
The airline industry has been hit hard during the COVID-19 pandemic and seaborne jet fuel cargo volumes suffered along with it. In comparison to pre-pandemic levels, available seat kilometers dropped nearly 90% in early 2020. Initially, air…
Freeport LNG's long-shut liquefied natural gas (LNG) export plant in Texas started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data.U.S. LNG exports have been steadily increasing for years and Freeport…
United Arab Emirates' Abu Dhabi Ports will help Kazakhstan to build a tanker fleet in the Caspian Sea, reducing the former Soviet republic's dependence on Russian transit, Kazakh state oil company KazMunayGaz said on Tuesday.KazMunayGaz and Abu Dhabi Ports have agreed to set up a joint venture…
A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday.Washington in November authorized the last major U…
The United States is on track to become the world's biggest exporter of liquefied natural gas (LNG) this year - ahead of current market leader Australia - once a fire-idled Texas plant is restarted, according to Reuters data.A June fire sidelined Freeport LNG…
A Singapore-based decarbonization group said on Tuesday it was seeking proposals to study ways to offload captured carbon dioxide from ships during port calls.The call for proposals is part of the world's first project aimed at building and…
Yemen's Houthis attacked al-Dhabba oil terminal in Hadhramaut province on Monday, the group and Yemen's internationally recognized government said.The Iran-aligned Houthis fired a projectile from a drone that landed at the entrance of the terminal…
A few liquefied natural gas (LNG) vessels have turned away from the Freeport LNG export plant in Texas over the past few days on expectations the plant's restart will be delayed until December or later, according to ship tracking data from Refinitiv…
Freeport LNG pointed to deficiencies in safety valve testing and operating procedures as the root causes of a pipeline explosion that shut its export plant in Texas on June 8, according to a report released on Tuesday.The fiery explosion at the Texas Gulf Coast plant…
Germany on Tuesday completed construction of its first floating terminal for liquefied natural gas (LNG) at the North Sea port of Wilhelmshaven as it scrambles to secure more LNG and move away from Russian pipeline gas.'The new LNG landing place is a big step towards a secure energy supply…
The owner of the second-largest U.S. liquefied natural gas (LNG) export plant has not yet provided regulators with a final repair plan, according to a person familiar with the matter, likely pushing any restart into the first quarter of next year…
Shipping across the Great Lakes – St. Lawrence Seaway system topped 4.2 million tons in October, led by strong gains in grain as well as potash, salt and other dry bulk cargos. Overall grain shipments reached 1.5 million tons, a reflection of…
The Port of Corpus Christi reports it set another tonnage record in the third quarter of 2022, driven in large part by record exports of crude oil.The new quarterly tonnage record of 48.3 million tons surpassed the previous tonnage record set in the second quarter of 2022 of 46…