Tanker Rates Skyrocket To Fill Colonial Pipeline Shortages
By Elizabeth Low (Bloomberg) Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go due to a cyberattack on...
Hassan Khosrojerdi, The head of Iran’s Oil, Gas and Petrochemical Products Exporters Union unveiled on Sunday Iran’s intentions to construct six oil refineries in Indonesia.
The refineries include a heavy oil refinery (150,000 bpd) and five other smaller refineries with production capacities of around 30-50,000 bpd of gas condensates according to the NIOC. Total refining capacity wiill be around 300,000 barrels per day and will be fed by Iranian crude oil.
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