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For China, U.S. Soybeans are Small Fry

Jul 30, 2019

China's purchase of some U.S. soybeans is being viewed as a tentative sign of a little détente in the dispute between the world's two largest economies, but real progress would be a resumption of what had been a burgeoning energy trade.U.S.…

W. Africa Crude Traders Await Sept Programs

Jul 15, 2019

Some August-loading Angolan cargoes cleared but trading was slow on Monday as new programs were expected to emerge this week.The preliminary Angolan loading program for September is expected to emerge on Tuesday. New Nigerian programs are expected at the end of the week…

U.S. Oil Makes it to Ukraine, a blow to Moscow

Jul 12, 2019

U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil…

Light Sweet Crude Exports Jump at LOOP

Jul 09, 2019

The Louisiana Offshore Oil Port (LOOP) exported a record 283,333 barrels per day of light sweet crude last month, according to trade sources, as prices weakened against global Brent.LOOP, which exports mostly medium sour grades produced in the U…

Venezuela Sells Oil to Tiny Turkish Firm

Jul 09, 2019

With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no refineries but ties to President Nicolas Maduro's government…

Corpus Christi Train 2 Delivers 1st LNG Cargo

Jul 05, 2019

Bechtel Corporation and Cheniere Energy  have completed the first liquefied natural gas (LNG) commissioning cargo from Train 2 at the Corpus Christi Liquefaction (CCL) export terminal in Texas, US.A joint press release from the firms said that…

US LNG plays havoc with Dutch Gas, Asian shipping

Jun 28, 2019

Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses.Prices for month…

Fire burns out of control at Philadelphia refinery

Jun 21, 2019

A fire was burning out of control at an oil refinery in Pennsylvania on Friday morning, a Philadelphia fire department official said, as local media reported a series of explosions on site.NBC Philadelphia said the 'massive' blaze at the 335…

UN Calls for Investigation on Tanker Attacks

Jun 14, 2019

United Nations Secretary-General Antonio Guterres called on Friday for an independent investigation to establish the facts and who was responsible for attacks on two oil tankers this week in the Gulf of Oman.The United States blamed Iran for the attacks on Thursday…

U.S. and Gulf Allies Face Task Protecting Oil Shipping Lanes

Jun 14, 2019

The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.Even then, the conventional naval and air capabilities of Western and Gulf…

Oil Prices Jump 2% After Tanker Attacks

Jun 13, 2019

Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.The attacks near Iran and the Strait of Hormuz reignited…

Two Tankers Attacked in Gulf of Oman

Jun 13, 2019

Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock…

Sentinel Secures Commitments for Offshore Crude Terminal

Jun 05, 2019

Sentinel Midstream LLC has secured shipper commitments needed to move forward on a proposed $1 billion crude export terminal off the Texas coast, the company's chief executive said on Wednesday.The firm's Texas GulfLink project is one of eight proposed U…

Record Number of VLCC Liftings at LOOP

Jun 04, 2019

Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers to load at the Louisiana Offshore Oil Port (LOOP) in a matter of weeks, according to people familiar with the matter…

Cheniere to build LA Sabine LNG Export Train

Jun 03, 2019

U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Monday it will build the sixth liquefaction train at its Sabine Pass LNG export terminal in Louisiana.Cheniere also said it expects to make a positive final investment decision as early as 2020 to add about 9…

Current News

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

Russia to Replace Sakhalin-2 Project Operator with New Firm

Russia to Replace Sakhalin-2 Project Operator with New Firm

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Offshore Helicopters: Bristow in Long-term Maintenance Support Deals for AW139 Fleet

Offshore Helicopters: Bristow in Long-term Maintenance Support Deals for AW139 Fleet
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