Tag: Crude Oil
Expect Oil Price at $65-70 a Barrel in Second Half
According to experts, in the second half of the year due to IMO 2020 regulations, crude oil is expected to be priced at $65-70 a...
Refinery Fire Sparks Tanker Rally
A fire that broke in one of the oldest and largest oil refineries serving the US east coast has affected product tanker trades.
The...
Taiwan’s CPC Has Sufficient Naphtha and Gasoline Stocks After Tanker Fire
Taiwan’s CPC Corp. says it has sufficient buffer stocks of naphtha and gasoline after a tanker carrying its naphtha cargo caught fire near the...
China Procures Crude Oil To Stock, But Difficulties Loom
Chinese refineries processed 12.6 million barrels per day (bpd) of crude in the first quarter, up 4.4 % from the three months to...
Oil Tanker Runs Aground Near Petit Bois Island
According to an article published by Wlox, the U.S. Coast Guard continued efforts Monday morning to remove an oil tanker that ran aground near...
Shipping Companies Banking on Gas Carriers As LNG Demand Grows
Demand has grown sharply in Asia and in the U.S. as improved hydraulic fracturing technology has made drilling for both shale oil and...
Why Did Oil Tanker Rates Just Double?
Recently, tanker demand and rates have highlighted shifting supply patterns and have sparked a bit of a worry about OPEC’s compliance rates.
What...
Oil, LNG Trade Flow Hike As US Extends China Trade Tariff...
The US plans to raise tariffs on $200 billion of Chinese goods to 25% from 10% if trade negotiations with Beijing did not...
Venezuela’s $500 Million of Crude Finds No Takers
Venezuela is running out of storage space to store $500 million worth of crude oil following new U.S. sanctions in January.
Oil ventures owned...
Cuts and Outages Support but is Crude Demand Slowing?
Brent crude oil prices hit 2019 highs above $65 per barrel, reports FIS.
What is the reason?
Brent crude oil prices hit 2019 highs above $65...