For those of you who aren’t petroleum traders, here are some definitions that may help you digest the rest of this article below. This article by Gurdeep Singh of Dow Jones [...]
HOUSTON -(Dow Jones)- Plans to reverse the Seaway pipeline may significantly cut the glut of oil inventories in the U.S. interior, but that will only whet the appetite of thirsty [...]
LONDON (Dow Jones)–The number of ships storing crude off the U.S. Gulf Coast has risen to six, shipbroker ICAP said Friday in a note. Three very large crude carriers and [...]
Image from minnesotansforglobalwarming.com PERTH (Dow Jones)–State-owned China Ocean Shipping (Group) Co. said Monday that oil-price speculators are currently the biggest headache for the global shipping industry, rather than an oversupply of [...]
HOUSTON -(Dow Jones)- Oil giant BP PLC (BP.LN, BP) continues to use an oil-price range between $60 and $90 a barrel in its long-term planning despite rising crude prices, its [...]
LONDON (Dow Jones)–A Suezmax vessel owned by New York-listed Teekay Tankers Ltd (TNK) is still scheduled to load at a Libyan port over the next couple of days despite port [...]
MAREX brings us Choke Points effecting the world’s oil supply. They write: In 2007, total world oil production amounted to approximately 85 million barrels per day (bbl/d), and around one-half, [...]
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