Oil News

 

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…

Energy Transfer Eyes Draft EIS for Blue Marlin Project Soon

May 08, 2024

Pipeline operator Energy Transfer expects to receive a draft Environmental Impact Statement (EIS) for its Blue Marlin offshore terminal this quarter, executives said on Wednesday during a quarterly earnings call.Energy Transfer is among several…

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

May 02, 2024

The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed at making the war-torn nation a major logistics point for regional exports, including oil from Russia to South Asia, the country's commerce minister said…

Port Constraints for Canada's Trans Mountain Pipeline May Crimp Oil Exports

May 01, 2024

Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast…

Green Light for $3 Billion Oil Port off Texas Expected By Year-end

Apr 30, 2024

Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT)…

China's Imports of Russian Oil Near Record High

Apr 22, 2024

Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.China's imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10…

US to Reimpose Oil Sanctions on Venezuela

Apr 17, 2024

The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments…

Russia's Seaborne Oil Product Exports Fell in March

Apr 15, 2024

Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a uel export ban, data from industry sources and Reuters calculations showed.Russia's…

Logistics News

EU Proposes Extending Sanctions on Russian Oil to Georgian, Indonesian Ports

EU Proposes Extending Sanctions on Russian Oil to Georgian, Indonesian Ports

Bahri’s Tanker Fleet Growth Drives Record Results

Bahri’s Tanker Fleet Growth Drives Record Results

STI Implements Digital Twin–Based Platform for Operations

STI Implements Digital Twin–Based Platform for Operations

U.S. Military Boards Suezmax Tanker Aquila II

U.S. Military Boards Suezmax Tanker Aquila II

Subscribe for Maritime Logistics Professional E‑News

WSJ reports that Kroger will name former Walmart executive Greg Foran as its next CEO
What can oil prices tell you about the market? Not a lot: Bousso
FedEx and Advent-led consortium will buy parcel locker company InPost for $9.2 billion.