Oil News


Venezuela's Oil Exports Plummet to Lowest in 19 Months on Port Delays

Jun 03, 2022

Venezuela's oil exports last month fell to the lowest level since October 2020 as repairs at the country's main oil port added to delays shipping cargoes, documents from state-run PDVSA and vessel tracking data showed.Exports from the U.S.-sanctioned…

Port of Antwerp Overcoming Loss of Russian Shipping Export Trade -CEO

Apr 29, 2022

The Port of Antwerp is adapting to losing shipping trade with Russia and its merger with the neighboring Port of Zeebrugge is set to boost overall volumes in coming years, the group's chief executive said on Thursday.Global shipping companies…

Libya's NOC Declares Force Majeure at Brega Oil Port

Apr 19, 2022

Libya's National Oil Corporation (NOC) declared force majeure at the Brega oil port on Tuesday, saying it was unable to fulfil its commitments towards the oil market.'At a time when oil prices are witnessing a significant recovery due to the increase in global demand…

Ukraine Seeks Tougher Restrictions at Russian Ports Over Oil

Mar 16, 2022

A top economic adviser to Ukrainian President Volodymyr Zelenskiy called on the White House to block American companies from all trade in Russian oil and urged Western oil and gas companies to stop handling the commodity, the New York Times reported on Wednesday…

Russian Coal, Crude, LNG Exports Slipping as Self-sanctioning Starts

Mar 15, 2022

The voluntary shunning of Russian commodities by Western buyers, or self-sanctioning, was expected to start hitting exports of crude oil, liquefied natural gas (LNG) and coal from April, but there are already signs that flows are weakening.Russia's…

Odfjell Builds New Tank Bay at Odfjell Terminal Houston

Dec 29, 2021

Odfjell is constructing a new tank bay at Odfjell Terminal Houston (OTH), continuing to expand and invest in its terminals platform to support ongoing regional growth in the chemical industry.The company is investing in and expanding its terminals platform with the addition of a new…

Gunvor Sells Its Rotterdam Oil Terminal to GES

Nov 11, 2021

Global Energy Storage, a new company that aims to store products such as hydrogen and biofuels, said on Thursday it is buying assets in Rotterdam from commodities firm Gunvor Group and will redevelop 20 hectares (49 acres) of land in the port for its operations…

Greenpeace Settles Charges After Blocking Port of Houston in 2019

Nov 09, 2021

Environmental activists who shut the largest U.S. energy export port for a day to protest climate change agreed to pay police, fire and court costs to settle state criminal charges, officials said on Friday.Greenpeace members halted shipping…

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…

Logistics News

New Ship-to-shore Container Gantry Cranes Arrive at Port Everglades

New Ship-to-shore Container Gantry Cranes Arrive at Port Everglades

DP World Targets 60% Renewable Power at Indian Terminals by 2026

DP World Targets 60% Renewable Power at Indian Terminals by 2026

Third Battery Electric Tug Delivered to HaiSea Marine

Third Battery Electric Tug Delivered to HaiSea Marine

AIP for SDARI Ship Designs

AIP for SDARI Ship Designs

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