The potential disruption to supplies due to the Suez Canal incident has lifted oil prices, but “the reprieve seems temporary,” says Jeffrey Halley of brokerage OANDA.
Indonesia says that oil spilled during the transfer.
Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said on Jan. 14, although the canal’s regulator said it had made changes to speed up transit.
The completion of the second deepwater dock at South Texas Gateway at the mouth of the Corpus Christi Ship Channel enables Buckey to accommodate the berthing and loading of two vessels simultaneously.
Three UAE entities identified by Reuters have built their fleets since early 2019 with vessels that have since made mainly Venezuela-related journeys, according to vessel tracking data.
Saudi Arabia said on Dec. 14 that a fuel transport ship anchored at a Jeddah terminal was hit by an explosive-laden boat in what it called a terrorist attack.
The first LNG tanker to go to Cameron LNG's export plant in Louisiana since Hurricane Delta was set to arrive on Oct. 20.
The waterway sits on the Texas-Louisiana border and connects the Gulf of Mexico to Cheniere Energy's Sabine Pass LNG export plant and to oil refineries in Port Arthur and Beaumont, Texas.
Hurricane Delta raked across the prime U.S. offshore oil producing areas in the GoM on Oct. 8 as energy companies pulled workers from offshore platforms and began securing coastal processing plants.
Oil producers had evacuated 183 offshore facilities in the U.S. GoM by Oct. 7 and halted nearly 1.5 million bbl/d of oil and 1.33 Bcf/d of natural gas production. The region accounts for about 17% of U.S. oil output.