Latest crude oil storage news

Crude Oil Storage News

Matrix Global Plans U.S. Crude Storage Deal. Matrix plans sweet crude storage futures at LOOP. Matrix Global Holdings is planning to start up an oil storage futures contract

China boosts crude oil storage amid soft refinery processing:

Over the first four months of the year, China, the world''s biggest crude importer, added 700,000 bpd to storages, a significant volume that goes some way to undermining the

ANALYSIS: Oil in floating storage rebounds to three-month

The volume of crude oil and condensate in tankers worldwide is starting to once again rebound as sanctioned Iranian oil starts to mount up, while oil offshore China is also on

Weekly U.S. and regional crude oil stocks and working storage

To estimate current working storage capacity utilization, we compare weekly reported crude oil stocks (excluding pipeline fill and estimated barrels in transit by tanker ship, barge, rail, or truck) with the latest available monthly refinery and tank farm storage capacity.

Sanctioning Entities Purchasing and

The U.S. Department of State is today sanctioning Huaying Huizhou Daya Bay Petrochemical Terminal Storage, an oil terminal in China, for buying and storing Iranian crude oil from a sanctioned vessel. The Department

Largest single-phase storage facility in China to

At full capacity, the facility - with a price tag of 6.4 billion yuan ($930 million) - could store 4.25 million tons of crude oil. The facility will receive crude extracted by offshore...

Oil prices hold at 14-month low as demand

Oil prices held at a 14-month low on Thursday as worries about demand in the U.S. and China and a likely rise in supplies out of Libya offset a big withdrawal from U.S. inventories and a delay to

United States API Weekly Crude Oil Stock

The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an

Latest Crude Oil Prices, Market Trends & Global

Browse the latest market moving news on the global crude oil industry. Calgary, 14 April (Argus) — The 622,000 b/d Keystone oil pipeline is repaired and has approval to restart at a reduced pressure less than a week after spilling crude

US Crude Inventories Build as Fuel Stocks

Crude oil inventories in the United rose by 4.753 million barrels for the week ending November 8, according to The American Petroleum Institute (API). Analysts had expected a much smaller build of

Oil Prices Jump to 4-Month High on Fresh U.S.

Bloomberg reported that Chinese and Indian buyers of Russian crude were scrambling to weather the impact of the latest sanction package, as most Russian oil flows were redirected to these two

China boosts crude oil storage amid soft refinery processing

LAUNCESTON, Australia (Reuters) - The pace at which crude oil flowed into China''s stockpiles increased in April as slower refinery processing outweighed a decline in

crude oil storage: Latest News & Videos, Photos about crude oil storage

crude oil storage Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. crude oil storage Blogs, Comments and Archive News on Economictimes

Crude in floating storage falls despite Russian oil on water

The volume of crude oil in tankers worldwide has fallen to an eight week low, even as Russian oil on the water rises to new highs, according to data intelligence firm Kpler.

Oil News Today | Oil Prices

Latest oil price news, covering rises, falls, analysis, demand, production and all news relating to possible changes in price, from a range of trusted oil news sources. Stay ahead of the curve with up-to-the-minute reporting on prices for Brent Crude, WTI (West Texas Intermediate), Dubai Crude, and other major oil grades.

API Reports Significant Draw in Crude Oil Inventories

Crude oil inventories in the United States fell this week by 6.490 million barrels for the week ending May 17, according to The American Petroleum Institute (API).

The latest oil, gas and petrochemicals storage news

The latest tanks and terminals technology news, industry trends and events from the oil and gas industry, covering automation, terminal management, cleaning and inspection, leak

Oil prices ease 1% to one-week low on weak

Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained cautious ahead of a U.S

Oil prices fall 2% on economic worries, technical

Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged over 7% during the prior three days.

India''s crude oil storage at 67 per cent of

India''s crude oil storage at 67 per cent of capacity Indian Strategic Petroleum Reserves was set up with an objective to ensure energy security for the country in the event of oil shocks.

Middle East Crude Prices Surge as Supply From Iran and

Reduced supply of crude from Iran and Russia has prompted a rally in the prices of crude from the Middle East, where some grades have soared to rarely seen premiums over the global benchmark

Oil prices gain 2% on big US storage withdrawal,

Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China.

Chinese Oil Storage Site Sanctioned by U.S. for

However, tanker tracking firms Vortexaand Kpler and trade sources told Reuters that the refinery has refrained from buying Iranian oil. The State Department said the terminal had acquired Iranian crude at least nine times

US sanctions strand Iran, Russia oil on tankers,

US sanctions on Russia, Iran tighten oil tanker availability; Iran floating storage at over one-year high, January exports up for 2nd month - data

China''s crude oil imports rebounded in November, but so did storage

LAUNCESTON, Australia, Dec 16 (Reuters) - China''s crude oil imports in November hit a 14-month high, but much of the additional volume is likely to have ended up in storage as refinery processing

Oil prices face pressure from slow China demand and

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Purchase Licensing Rights, opens new tab

Oil Prices Start the Week at a Three-Month High

Crude oil prices extended their gains from the first week of the year into this week, fueled by frigid weather and hopes that the latest round of stimulus announced by the Chinese government would

Oil plunges 4% as Iran supply disruption

[1/2] Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Purchase Licensing Rights, opens new tab

Oil Rises as API Reports Moderate Draw In Crude

Crude oil inventories in the United fell by 4.7 million barrels for the week ending December 6, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.85 million

Crude Oil WTI Futures News

The latest news regarding the Crude Oil WTI Futures Mexico shares higher at close of trade; S&P/BMV IPC up 0.48% Investing – Mexico equities were higher at the close on Tuesday, as gains in the S&P/BMV Industrials Select,

Storage News | Today''s Latest Stories | Reuters

Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end Iran''s oil exports as part of an effort to bring

Oil Prices Bounce Back After Major Selloff | OilPrice

Crude oil prices began the week with gains as traders took a break after the latest selloff and as a weather system in the Gulf of Mexico could become a hurricane before it makes landfall.

Oil edges up to one-week high on rising

NEW YORK, May 9 (Reuters) - Oil prices edged up to a one-week high on Thursday on data from China and the U.S. signaling demand in the world''s two biggest crude-consuming nations could climb.

API Reports Another Crude Draw As EIA Raises Oil Demand

Crude oil inventories in the United States fell this week by 1.9 million barrels for the week ending July 5, according to The American Petroleum Institute (API), after analysts had expected a

Crude Oil Inventory Increase Offset by

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.593 million barrels for the week ending March 14. Analysts had expected a smaller 1.7

This Week In Petroleum Crude Oil Section

U.S. Crude Oil Production, Imports, Exports, Stocks, Supply, Prices, Data and Analysis from Energy Information Administration (U.S. Dept. of Energy) Skip to sub-navigation U.S. Energy Information Administration - EIA - Independent

U.S. Crude Oil, Product Inventories Present A

Crude oil inventories in the United States fell by 3.4 milllion barrels for the week ending August 23, according to The American Petroleum Institute (API), after analysts predicted a 3 million

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What is Argus' coverage of global crude oil markets?

Our rich, deep and trusted coverage of the global crude oil markets is unrivalled. For more than two decades Argus WTI assessments at Midland and Houston have been the standard physical benchmarks for US crude, as well as the settlement indexes for a robust derivatives market.

What does Argus AGS oil index examine?

Argus AGS oil index examines the US Gulf Coast trade, seaborne and coastal refineries as well as the WTI Midland light sweet crude oil prices. Argus LLS oil index reflects the light sweet crude prices for St. James's terminals in the US Gulf Coast. Argus des Shandong reflects five oil spot markets in key regions for China oil imports.

How many B/D of offshore oil was off line?

By midday on Tuesday, about 412,070 b/d of offshore oil output was off line according to the Bureau of Safety and Environmental Enforcement (BSEE). Offshore operators including Chevron, Shell, and ExxonMobil evacuated workers and curbed operations as a precaution.

What is the Argus LLS oil index?

Argus LLS oil index reflects the light sweet crude prices for St. James's terminals in the US Gulf Coast.