Tag: crude
Rally Falters on US Crude Stock Build
Crude oil futures were lower in mid-morning Asian trade April 14, as a two-day rally in oil prices lost steam after data showed US...
Tanker Market Weighs Winners And Losers
Crude trade volumes are revised down but the distances ships must carry it will increase, leading to a more positive view for carriers, reports...
PetroChina Constructs 2.6 Mil Mt/Year LSFO Project At Guangdong Petrochemical
China's oil giant PetroChina has started constructing a low sulfur bunker fuel oil project with 2.6 million mt/year production capacity at its upcoming Guangdong...
Moscow Seeks Alternative Crude Export Markets
Russian Foreign Minister Sergei Lavrov visited India April 1, as Moscow seeks to increase exports to Asia to make up for a predicted shortfall...
Russian Plants Likely To Run At 50% In April
Small and medium-sized Russian refineries, which predominantly rely on exporting their products, were expected to run at around 50% capacity in April with international...
Shell’s Prelude FLNG Cleared For Restart
Australia’s petroleum watchdog has given energy major Shell the go-ahead to restart production at its mammoth floating LNG production unit Prelude, reports Rivera.
Restarting production
The...
Ships Leaving Russian Ports Down 35% Since Invasion
The number of ships departing Russian ports has dropped 35% compared with pre-Ukraine invasion levels, reports Lloyd’s List.
Tracking the numbers
In the three-week period ending...
Crude Oil Futures Extend Gains As EU Mulls Russian Oil Ban
Crude oil futures rose for a fourth consecutive trading day in mid-morning Asian trade March 22, reports Platts.
The reason for the rise
Crude oil futures...
Australia’s Crude Differentials Plunge
Australia's heavy sweet Vincent crude cash differentials plunged due to a reduction in its flash point following the resumption of the Cimatti oilfield in...
Crude Oil Rises after Attacks on Ukraine’s Biggest Nuclear Plant
Crude oil futures traded higher in mid-morning Asian trade March 4, after Russia attacked Ukraine's largest nuclear plant in Zaporozhe, raising the risk for...