Exploration & Production , Petrochemicals , Crude Oil , Tankers , Storage

US Oil Production Falls to Lowest Point Since 2018

Crude oil stockpiles in the U.S. rise to record high as imports from Saudi Arabia remain elevated.

June 17, 2020

Investment , Trade , Tankers , Storage

API Says Mexico Violating New Trade Deal, Hurting Investors

API said U.S. investors have faced difficulties getting permits in Mexico for fuel stations, storage facilities, imported fuel and terminals.

June 15, 2020

Liquefied Natural Gas (LNG) , Natural Gas , Tankers

LNG Tanker to Drop Cargo in US with European Stockpiles Near Full

The combination of higher U.S. prices, coronavirus demand destruction and record stockpiles in Europe has already prompted buyers to cancel dozens of U.S. LNG export cargoes for delivery this summer.

June 11, 2020

Imports , Tankers , Storage

COLUMN: US Crude Stocks Swell as Saudi Tankers Unload

If the increase is a one-off, it won’t affect a market that is quickly rebalancing.

May 29, 2020

Crude Oil , Tankers

Flurry of US Gulf Coast Crude Export Fixtures Offers Glimmer of Hope

Commodities merchant Trafigura and Occidental Petroleum are among companies looking to book vessels to ship crude from the U.S. Gulf Coast to Asia, one shipbroker said.

May 29, 2020

Investment , Legislation , Infrastructure , Tankers , Construction

Despite Short-term Pain, Oil and Gas Leaders Stress Infrastructure Gain

Executives and politicians discuss ways to position the industry for the coming rebound.

May 14, 2020

Liquefied Natural Gas (LNG) , Tankers

LNG Cargoes Head to China After Beijing Awards Tax Waivers

Shipments are the first from the US since March 2019.

April 7, 2020

Crude Oil , Tankers , Storage

As Shale Struggles, Crude Tankers Ply Oceans of Cash

Even with very high day rates, the oil market contango means that floating storage makes economic sense.

April 6, 2020

Tankers , Storage

Is Crude Oil Storage on Vessels the Answer?

As demand for crude oil falls and storage tanks around the world fill up, there is a temptation to turn to tankers for storage.

April 1, 2020

Crude Oil , Tankers

Chinese Buyers Snap Up US Oil at Widest Discounts Ever

WTI discounts are $6 to $7 a barrel, increasing pressure on producers to shut in wells.

April 1, 2020