US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...
Tags: Crude Stocks, pipeline capacity, refinery
Mediterranean ultra low sulfur diesel cargoes are trading $10.25/mt above the Northwest European cargoes, the widest spread between the two regions since January 17 on tight prompt supply in the Med. The Med cargo cash premium to the ...
Tags: Diesel Cargoes, low sulfur diesel
Russian ultra low sulfur diesel exports may struggle to find a home in the UK in the winter after the country's oil importers agreed earlier this month to enact a new test to assess the fuel's filter-blocking tendency, traders said Friday. ...
US crude stocks rose 1 million barrels last week, just over half of what analysts were expecting, as a drop in refinery run rates was partly offset by a decrease in US imports, according to data released Thursday by the US Energy ...
Tags: Crude Stocks, Chemicals
Ultra low sulfur diesel cracks are at a 6-week high on strong buying interest for cargoes in the region and a rise in the front-month 0.1% ICE gasoil futures contract. The crack for physical FOB Rotterdam ULSD barges rose to a $17.04/mt ...
Tags: Diesel Cracks, gasoil
The Chinese government has issued a gasoil export quota of 1.9 million mt to state-owned traders Chinaoil and Unipec, sources said Friday. Unipec, the trading arm of state-owned China Petroleum and Chemical Corp., or Sinopec, is ...
Honeywell (NYSE:HON) today announced that it has been selected by Preem AB to modernize one of Europe's largest refineries – Preemraf Lysekil – with Honeywell's Enhanced High Performance Process Manager (EHPM) industrial process ...
U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
U.S. refiners are selling more fuel abroad than ever before, effectively exporting the American energy boom to the four corners of the world. As crude production soars in places like the Eagle Ford shale formation in Texas, U.S. refiners ...
Tags: U.S.refiners, Mineral
The premium of ultra low sulfur diesel barges over 50 ppm gasoil barges has moved to its widest point since May 1, with ULSD trading at a $9.75/mt premium to 50 ppm, Platts data showed Monday. Rising ULSD premiums in Northwest Europe have ...
Tags: Gasoil Barges, Mineral
US commercial crude stocks fell 9.87 million barrels to 373.92 million barrels for the reporting week ended July 5, Energy Information Administration data showed Wednesday. The latest decline marks the sharpest two-week draw in US crude ...
Tags: Crude Stocks, Crude imports
Colonial Pipeline Tuesday said its product loss allocation charge for long-haul deliveries will increase to 18 cents/barrel from 16 cents/b on August 1 due to many factors, including Hurricane Sandy last fall. The Houston-to-New York ...
Tags: Colonial, Pipeline Shipping
Wholesale premiums for ultra low sulfur diesel, Europe's dominant fuel, hit a five-month high Thursday, boosted by reduced production at refineries and low import volumes from the US and India, said traders Friday. The Northwest European ...
Tags: Refinery Run, Force Diesel Price
State-owned Qatar Petroleum (QP) signed a joint venture agreement Sunday with France's Total and Japan's Idemitsu, Cosmo Oil, Marubeni and Mitsui for a new condensate refinery to be built in Qatar at Ras Laffan Industrial City. Under the ...
Tags: Qatar Petroleum, Joint Venture
Indonesia's state-owned oil and gas entity Pertamina has lined up gasoline term imports of 8.9 million-9.1 million barrels for May, down from total imports of 9.48 million-9.68 million barrels in April, trade sources said this week. Of ...