Tuesday, October 15, 2019
oil tanker loading
Maritime News

Dilemma for Oil Refiners as Surging Ship Costs Kill Margins

By Serene Cheong and Sharon Cho (Bloomberg) –Oil refiners hoping for some fourth-quarter gravy are facing disappointment as surging freight rates inflate the cost of buying crude. U.S. sanctions on...

October 15, 2019
Total Views: 1

Wednesday, September 11, 2019
oil refinery
Maritime News

Oil Refining Executive Sees European Plants Halting After IMO 2020

By Saket Sundria and Bill Lehane (Bloomberg) –Multiple oil refineries in Europe will be too unprofitable to continue trading once the industry has dealt with sweeping new rules governing shipping...

September 11, 2019
Total Views: 9

Friday, May 8, 2015
Maritime News

Saudis Splurging in Asia to Win Loyal Oil Customers for Decades

Saudi Arabia is spending generously now on Asian refiners to lock in its position as the region’s biggest supplier of oil for decades to come.

May 8, 2015
Total Views: 7

Thursday, April 16, 2015
gs caltex refinery

Asian Crude Buyers Realize Mexican Oil May Not Have Been Such a Bargain

A few months after snapping up the most heavily discounted Mexican oil in 20 years, Asian refiners are discovering some of these bargains may have been tainted.

April 16, 2015
Total Views: 12

Sunday, April 5, 2015
houston refinery oil gas rob almeida

Record Gasoline Output to Curb Biggest U.S. Oil Glut in 85 Years

Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.

April 5, 2015
Total Views: 3

Monday, May 12, 2014
oil terminal fuel tanks ship tanker

Oil Prices Predicted to Fall as U.S. Refineries Kick Back Into Gear

May 12 (Bloomberg) — The expansion in stockpiles of U.S. gasoline as refineries returned from maintenance and imports accelerated spurred speculators to cut wagers on rising prices by the most...

May 12, 2014
Total Views: 2

Friday, May 2, 2014
ultramar jean-gaulin refinery quebec
Maritime News

Valero to Suncor Shun Overseas Imports at Eastern Canada Plants

By Christine Harvey May 2 (Bloomberg) — Suncor Energy Inc. and Valero Energy Corp. are poised to use only North American crude in eastern Canada by 2015, helping to displace...

May 2, 2014
Total Views: 1