Monday, March 11, 2019
port of corpus christi
Maritime News

Occidental Emerges as Heavy Hitter in U.S. Oil Export Boom

By Devika Krishna Kumar and Florence Tan NEW YORK/HOUSTON, March 11 (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading...

March 11, 2019
Total Views: 9

Tuesday, July 10, 2018
ships at anchor
Maritime News

BIMCO: 2018 Has Been ‘Historically Bad’ for Crude Oil Tankers

The first half of 2018 has been a historically bad year for crude oil tankers as earnings hit their lowest level on record in heavy loss-making territory, according to shipping industry...

July 10, 2018
Total Views: 8

Wednesday, June 27, 2018
oil tanker at anchor

Crude Surges to 3 1/2-Year High After U.S. Stockpiles Plunge

By Jessica Summers (Bloomberg) — Oil rose to a level last seen in late 2014 after U.S. crude stockpiles tumbled by the most since September 2016. Futures rose as much...

June 27, 2018
Total Views: 2

Tuesday, January 30, 2018
crude oil Pipeline

New Pipeline Scrambles American Crude Imports & Exports

by Devika Krishna Kumar (Reuters) – The Diamond Pipeline has scrambled crude oil flows around the U.S. Gulf Coast and Midwest since it opened in December, cutting supply at the...

January 30, 2018
Total Views: 5

Monday, January 22, 2018
Maritime News

Biggest U.S. East Coast Oil Refinery Files for Bankruptcy

By Barbara Powell and Tiffany Kary (Bloomberg) — Philadelphia Energy Solutions LLC, owner of an oil refinery that supplies more than a quarter of the U.S. east coast’s crude refining capacity, filed...

January 22, 2018
Total Views: 3

Sunday, October 29, 2017

Iraq Boosts Oil Export Capacity

by Ahmed Rasheed (Reuters) Iraq has increased oil export capacity from its southern ports by 900,000 barrels per day (bpd) to 4.6 million bpd after adding a new floating terminal...

October 29, 2017
Total Views: 24

Wednesday, July 12, 2017
oil tanker

Oil Traders Turn Bespoke Crude Tailors in Offshore Megastore

By Serene Cheong (Bloomberg) — The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore megastore. By selling...

July 12, 2017
Total Views: 6

Monday, March 20, 2017
offshore oil rig Statoil

Oil Drops as U.S. Drilling Growth Threatens to Counter OPEC Cuts

By Mark Shenk (Bloomberg) — Oil fell as a U.S. drilling revival undermines the potential for OPEC output curbs to rebalance the market. Futures dropped as much as 1.9 percent in...

March 20, 2017
Total Views: 3

Tuesday, December 13, 2016
Maritime News

Oil Demand to Grow More Swiftly, Too Early to Assess Global Output Cut

By Amanda Cooper LONDON, Dec 13 (Reuters) – Global oil demand will rise more strongly than expected next year, although it is too soon to assess fully the impact of...

December 13, 2016
Total Views: 0

Tuesday, September 20, 2016
Maritime News

World News: Libya Ramps Up Crude Exports as Ports Reopen for First Time Since 2014

By Saleh Sarrar and Hatem Mohareb (Bloomberg) — Libya boosted crude production by more than 70 percent since August as some oil fields resumed output and export terminals in the...

September 20, 2016
Total Views: 2

Tuesday, September 13, 2016
Suezmax Aegean Unity new panama canal locks
Maritime News

Oil Map Redrawn When Cheap Tankers Make Crazy Voyages Profitable

By Tracy Alloway and Javier Blas (Bloomberg) — From Norway to the Bahamas, from Algeria to Australia. Ultra-low crude prices combined with cheap shipping rates are encouraging a host of...

September 13, 2016
Total Views: 5

Monday, August 29, 2016
Maritime News

Oil Executives See Market ‘Volatility’ Through 2017

By Mikael Holter and Rakteem Katakey (Bloomberg) — Crude markets will continue to be plagued by volatility in the short and medium term after suffering the biggest downturn in a...

August 29, 2016
Total Views: 1

Friday, August 19, 2016

Glut of Floating Crude Clears

The glut of crude oil stored in ships on the North Sea is finally starting to dissipate. Demand for the commodity has increased as traders take advantage of remaining discounts...

August 19, 2016
Total Views: 22

Sunday, August 14, 2016

The World’s Energy Engine Is Slowing

(Bloomberg) China’s imports of crude oil, coal and natural gas slowed in July, offering no solace for producers hoping demand from the world’s largest energy consumer may help mop up global...

August 14, 2016
Total Views: 22

Saturday, February 6, 2016
iranian crude supertanker
Maritime News

Iranian Crude – European To Import 300,000+ Barrels A Day

by Hashem Kalantari  Deena Kamel  (Bloomberg) Iran will start sending 300,000 barrels a day of crude to Europe, 54 percent of the total it shipped before authorities on the continent put...

February 6, 2016
Total Views: 12

Friday, December 18, 2015

Congress Passes U.S. Spending Bill to End Crude Oil Export Ban

By Billy House and Erik Wasson (Bloomberg) — Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40- year-old ban on crude oil...

December 18, 2015
Total Views: 2

Sunday, November 22, 2015

Global Oil Job Cuts Top 250,000

by David Wethe and Saleha Mohsin (Bloomberg) – The number of jobs gutted from oil and gas companies around the world has now passed the 250,000 mark, with still more to come,...

November 22, 2015
Total Views: 7

Thursday, November 5, 2015
Maritime News

TransCanada Scraps Plan for Quebec Crude Export Terminal

By Nia Williams CALGARY, Alberta, Nov 5 (Reuters) – TransCanada Corp said on Thursday it has scrapped plans to build a port in Quebec and will have only one crude...

November 5, 2015
Total Views: 0

Thursday, September 17, 2015

House Panel Passes Bill to Lift U.S. Crude Oil Export Ban

  WASHINGTON, Sept 17 (Reuters) – A bill to repeal the 40-year-old ban on U.S. oil exports easily passed the energy panel in the House of Representatives on Thursday, but...

September 17, 2015
Total Views: 2

Tuesday, August 4, 2015
crude oil terminal

Crude Oil Rebounds Slightly After Dropping Below $50 for First Time Since January

By Mark Shenk (Bloomberg) — Oil climbed amid speculation that its drop below $50 a barrel is excessive given projections that U.S. supply will decline. Brent futures rose as much...

August 4, 2015
Total Views: 3