Caught In Tariff War, Sinopec Seeks Waiver For Imported US Oil

Largest refiner in Asia might temporarily store the oil or ship it elsewhere if waiver is not granted.

August 26, 2019

Crude Oil , Trade

WTI Drops 2.1% As US-China Trade War Escalates

Crude oil is included on the latest list of US exports to face a tariff.

August 23, 2019

Crude Oil , Trade

China Includes Crude Oil In New Tariffs On $75 Billion In Goods

Tariffs will go into effect along with U.S. tariffs beginning on Sept. 15.

August 23, 2019

Trade , Shale Plays , Pipelines

US Shale Producers Challenge Cactus II Pipeline Surcharge For Steel Tariff

Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.

August 20, 2019

Trade , International

Iran Tanker Heads To Greece After Release

Iran warns the U.S against attempting to seize it again.

August 19, 2019

Crude Oil , Trade

OPEC Delivers Downbeat Oil Market Outlook For Rest Of 2019

The report by OPEC also said oil inventories in developed economies rose in June, suggesting a trend that could raise the group's concern over a possible oil glut.

August 16, 2019

Petrochemicals , Natural Gas liquids (NGL) , Natural Gas , Frac Spread , Crude Oil , Trade , Storage

Frac Spread: Economy Wobbles … Will It Fall Down?

The Mont Belvieu NGL ‘barrel’ joins global crude oil, the stock markets and the Chinese and German economies on a bad news binge.

August 15, 2019

Trade , Tankers

Trafigura In Ship Fuel Venture With Frontline, Golden Ocean

Frontline and Golden Ocean will acquire 15% and 10% interests in the joint venture respectively, while commodity trader Trafigura will contribute its existing physical bunkering activities and own the remaining 75%.

August 13, 2019

Crude Oil , Trade , International

Analysts: China Continued Iran Oil Imports In July Despite Sanctions

Imports could have averaged as much as 360,000 bbl/d.

August 8, 2019

Trade , International

UK Joins United States For Security Mission In Persian Gulf

No other countries have joined the mission to protect merchant vessels.

August 6, 2019