Repsol to Test Canadian Blend Crude at its Spain Refineries
Repsol will test the first batches of Canadian crude at its Spanish refineries later this month as the oil major takes advantage of a provision that allows Canadian crude to be re-exported through U.S. ports, said a source with knowledge of the deal.
BP Exported Super-Light Texas Crude
BP Plc exported nearly 670,000 barrels of minimally processed super-light crude oil from the Houston Ship Channel more than a week ago, according to ClipperData, an industry firm that tracks crude movements.
Canadian Crude Oil Goes Eastbound or Down: Analysis
Although the term ‘energy independence’ has significantly receded from US policy vernacular since the advent of shale oil and gas, recent geopolitical developments in Iraq and the Ukraine lend support to arguments made by Keystone XL proponents…
All Distilled Latin American Oil Workers Can Export
According to the U.S. government and industry sources said on Friday, not only this light condensate oil, all distilled Latin American oil workers are not restricted as long as 40 years to implement the export ban. U.S.
US Tankers Built on Spec Face Choppy Waters
U.S. shipbuilders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale fields by building new tankers without having lined up customers to lease them. Philly Tankers AS…
Ship Reportedly Booked for First US Condensate Export
The first condensate cargo for export is due to load in Texas at the end of this week, headed via the Panama Canal to Asia, shipping sources said. Westport Petroleum Inc., the Franklin, Tennessee-based shipping arm of Japanese trader Mitsui & Co.…
Enterprise to Expand Houston Ethane Export Terminal
Enterprise Products Partners LP said it was looking at expanding the ethane export facility it is building on the Houston Ship Channel after winning another transport contract. With the additional contract to provide ethane storage…
Marathon Oil Exploring Ways to Export Condensate
U.S. oil and gas company Marathon Oil Corp is pursuing all ways to export the condensate it produces in places including the Eagle Ford in South Texas, Chief Executive Lee Tillman said on Tuesday. "We are…
Plains Positioning for Condensate Exports
Plains All American executives on Thursday stopped short of saying the company is seeking a ruling from the U.S. government on whether Plains can export a very light form of crude oil with minimal processing, but said they'll be ready to do so.
Lukoil Shipped Canadian Crude from Houston
Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta, Italy, data showed on Tuesday.
US Steel Producers Win Anti-dumping Case
The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from a boom in the U.S. shale oil and gas industry. U.S.
US Confirms Duties on China's Refrigerant Imports
The U.S. Department of Commerce confirmed steep duties on imports of refrigerant gas from China on Wednesday, saying the goods were sold too cheaply in the United States and were produced using Chinese government subsidies.
S.Korea Scores Partial Win in WTO Ruling on US Steel Pipe Duties
South Korea won a partial victory on Tuesday when a World Trade Organization panel ruled on its legal challenge to U.S. anti-dumping duties on steel pipe used in the oil industry, but Seoul lost most of the arguments it had made.
US Lawmakers Give Preview of Oil Export Fight
U.S. lawmakers gave a preview on Thursday of a looming fight next year on lifting the ban on crude exports with supporters saying it would sustain the drilling boom and others questioning its impacts on industry and fuel prices.
US: 'Some' Companies Can Export Treated Condensate
The U.S. Department of Commerce said it gave "some" oil companies on Tuesday permission to export a lightly processed crude oil, taking the first action in several months on applications from about 20 energy companies eager to ship the fuel abroad.
South Sudan: U.S. Sanctions Undermine 'search for peace'
U.S. sanctions on 15 South Sudanese oil operators will work against efforts to restore peace and stability in the nation, the government said on Thursday. The sanctions, which were announced on Wednesday,…
US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat
The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say.
Phillips 66 Now Exporting US Oil to Canada
Phillips 66 joined a long list of companies exporting U.S. oil to Canada after it secured a license to do so last year, the company said late on Thursday. The Houston-based company does not own a refinery in Canada…
U.S. Businesses Brace for Oil Downturn
Oil and gas production is fundamental to the U.S. economy. The sharp downturn in prices will have a negative impact on business investment in the short term before the positive impact on consumer spending takes over further down the line.
US Maritime Technology Export Initiative: Application Open
The Maritime Alliance (TMA) has partnered with the International Trade Administration, part of the U.S. Department of Commerce, to organize and partially fund an initiative to increase exports from small maritime…