Crude Oil , Storage

Column: US Oil Inventories Point to Fragile Recovery

Storage is gradually normalizing but slower than expected.

August 21, 2020

Petrochemicals , Crude Oil , Trade , International , Storage

Column: US Petroleum Inventories Show Gradual Rebalancing

U.S. petroleum inventories show clear signs of trending lower as consumption slowly recovers from the epidemic and lockdowns, while Saudi Arabia restricts production and directs volumes away from North America.

August 14, 2020

Health, Safety & Environment , Storage

API Updates Key LPG Safety Standard

API has published the ninth edition of API Standard 2510, covering the design, construction, and location of LPG storage installations and handling facilities, the company said on Aug. 12.

August 12, 2020

Policy & Regulations , Storage

Oil Companies Start to Take Back Crude from SPR

Nine companies have taken back 2.2 MMbbl.

August 11, 2020

Liquefied Natural Gas (LNG) , Natural Gas , Storage

US Natgas Futures Soar to December High in Best Week Since 2009

Front-month gas futures rose 7.3 cents, or 3.4%, to settle at $2.238 per million British thermal units, their highest close since Dec. 26.

August 10, 2020

Investment , Petrochemicals , Midstream , Storage

Thailand’s PTT Moves Closer to Decision on Appalachia Petrochemical Plant in Ohio

In June, Thai oil and gas company PTT Pcl said it delayed making a final investment decision to build the ethane cracker, which analysts estimate will cost $5.7 billion.

July 23, 2020

Petrochemicals , Crude Oil , Storage

Coronavirus Surge Fan Fresh Worries about Global Fuel Demand

The unprecedented decline in demand forced producers to make record output cuts and pump hundreds of millions of barrels of oil into storage.

July 17, 2020

Storage , Construction

Buckeye Loads First Vessel at South Texas Gateway Terminal

Terminal in the Port of Corpus Christi could potentially expand to 10 MMbbl of storage.

July 16, 2020

Private Equity , Storage

Industry Veterans Form Tivoli Midstream, a Terminal and Storage Platform

Energy Spectrum-backed Tivoli to focus on acquiring and constructing strategic storage assets and optimizing oil, gas and petrochemical logistics.

July 15, 2020

Field Development , Methane , Technology , Storage

E&P Production: Promise of Tankless Operations

Data from a tankless operations pilot project show improvements in cost efficiencies, environmental compliance and more. 

July 10, 2020