Oil News

 

Houthis Attack al-Dhabba Oil Terminal in Yemen

Nov 21, 2022

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…

Cuba Boosts Fuel Imports, Reshuffles Shipping Operations After Terminal Fire

Aug 25, 2022

Cuba is using a combination of ship-to-ship transfers and floating oil storage to ease fuel scarcity and power cuts following a fire that destroyed a portion of its main oil terminal, vessel tracking data showed.Cubans have endured daily blackouts…

Cuba Tames Mega Port Fire

Aug 10, 2022

Massive clouds of steam rose from Cuba's largest fuel depot in Matanzas on Wednesday as firefighters, helicopters and boats poured water and foam on the smoldering remains of the largest fire in the island's history.Black charcoal covered with white ash remained red hot after the flames died down…

Can US Port Infrastructure Handle More Crude Exports?

Jul 20, 2022

U.S. crude shippers are exporting huge amounts of oil to meet strong demand from Europe following Russia's invasion of Ukraine and subsequent sanctions against Moscow. In coming years U.S. oil may find even more buyers overseas, but that could test the capabilities of U…

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…

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