Thursday, November 14, 2019

Devika Krishna Kumar News

Energy Transfer: VLCC Offshore Port to be Ready Early 2023

AdobeStock / © Jose Gill

Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule…

Keystone Pipeline Still Closed, ND Leak Source Unclear

AdobeSotck / © Berkut 34

The precise source of a leak on TC Energy Corp's Keystone oil pipeline in North Dakota has not yet been identified, a spokesman for the U.S. Pipeline and Hazardous Materials Safety Administration…

U.S. Crude Stocks Drop - EIA

© Aunging / Adobe Stock

U.S. crude stocks fell last week as refineries hiked output and net imports slid to the lowest on record, while gasoline and distillate inventories declined, the Energy Information Administration…

Oxy Books Supertanker for a Record $13.25 Mln

© Ken Scott / MarineTraffic.com

Occidental Petroleum Corp provisionally chartered a supertanker to ship U.S. crude to South Korea for a new record of $13.25 million in November, three shipping sources familiar with the…

Flooding Disrupts U.S. Gulf Coast Energy Operations

Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut…

Oil Prices Extend Losses After Saudi Pledge

© Kalyakan/ Adobe Stock

Oil prices retreated about 2% on Wednesday, extending the previous day's declines after Saudi Arabia said it would quickly restore full production following last weekend's attacks on its facilities and as U.S.

Oil Soars 10%

© viking75 / Adobe Stock

Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments…

China Fixes First U.S. Crude Cargo Since Latest Tariff Threat

File Image: A VLCC loads alongside in the port of Corpus Christi, Texas (CREDIT: Port of Corpus Christi, Texas)

Chinese oil trader Unipec chartered a supertanker to ship U.S. crude to China in September, trading sources said, the first such cargo since U.S. President Donald Trump announced additional tariffs on Chinese import…

Energy Transfer in talks to build U.S. Gulf Coast Supertanker Crude Export Facility

Energy Transfer LP said on Thursday it was in discussions to build an export facility in Texas capable of handling supertankers with the capacity to transport about 2 million barrels of…

U.S. Crude Exports Reach a Record of 3.16 mln bpd

File image: A crude vessel alongside and loading at the U.S. port of Corpus Christi, Texas

U.S. crude oil exports surged 260,000 barrels per day (bpd) in June to a monthly record of 3.16 million bpd as South Korea bought record volumes and China resumed purchases, data from the U.S.

Oil slumps 7% as More Tariffs Loom

AdobeStock / © Kasto

Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept.

Enterprise Products to Build GoM Crude Terminal

File Image: AdobeStock / © Jose Gill

Enterprise Products Partners LP said on Wednesday it expects to take about two years to construct its oil export project called Sea Port Oil Terminal, or SPOT, in the U.S. Gulf of Mexico.Permitting…

Timeline: Occidental's Anadarko Victory

(Photo: Anadarko)

Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years…

US Oil Sees Growing Reach

© Hans Fairhurst / MarineTraffic.com

Two cargoes of U.S. crude oil have been booked to sail to Australia, trade sources and data companies said, highlighting the increasing global reach of exports from the United States.Aframax tanker Esther Spirit loaded U.S.

U.S. Crude Stocks Rise by 7.2 mln barrels - EIA

© marrakeshh / Adobe Stock

U.S. crude stocks rose unexpectedly last week as imports climbed, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude…

US Buyers Turn to Offshore Crude

Thunder Horse (Photo: BP)

U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping…

Part of Keystone Pipeline Still Shut After Missouri Leak -TransCanada

TransCanada Corp said on Monday a part of its Keystone crude pipeline from Steele City, Nebraska, to Patoka, Illinois, remained shut after a leak was discovered in the St. Louis, Missouri…

US Shale Producers Curb 2019 Spending

© Jeffrey / Adobe Stock

U.S. shale producers are slamming the brakes on next year's drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set only weeks…

Canada-US Pipelines Restart After Weather Disruptions

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Two major pipelines carrying oil from Canada to the United States resumed operations on Wednesday after brief disruptions due to power outages from severe weather in Saskatchewan, Canada…

U.S. Crude Stockpiles Build for 10th Straight Week - EIA

© Kalyakan / Adobe Stock

U.S. crude oil stockpiles rose for a 10th week in a row last week even as refineries boosted output and exports increased, the Energy Information Administration said on Wednesday.Crude…