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Alaska nets $29.9 million in North Slope lease sale; Repsol high bidder

4 weeks ago DieselGasoil Comments Off on Alaska nets $29.9 million in North Slope lease sale; Repsol high bidder
Anchorage, Alaska — Alaska netted $29.94 million in a North Slope lease sale Thursday, the state said, with Repsol submitting the highest bids and small independents acquiring most of the other the acreage. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Repsol submitted the highest bid of $586/acre on Read More

Crude futures: Scotiabank sees hopes of OPEC supply cut hold up oil complex

4 weeks ago DieselGasoil Comments Off on Crude futures: Scotiabank sees hopes of OPEC supply cut hold up oil complex
New York — The oil complex was firmly in positive territory during Friday morning trading, led by ICE January Brent, which was up $1.34 at $67.96/b. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now 1540 GMT: Prompt NYMEX December WTI was up $1.27 at $57.73/b. Product futures were stronger Read More

Analysis: OPEC's production profile has changed, complicating negotiations over oil cuts

4 weeks ago DieselGasoil Comments Off on Analysis: OPEC's production profile has changed, complicating negotiations over oil cuts
Dubai — OPEC and its allies have all but decided to cut oil production in 2019 to shore up what they see as a weak market ahead. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Now comes the hard part: negotiating how much to cut, how to allocate quotas, Read More

Iraq restarts exports of Kirkuk crude oil through Ceyhan pipeline: sources

4 weeks ago DieselGasoil Comments Off on Iraq restarts exports of Kirkuk crude oil through Ceyhan pipeline: sources
Tokyo — Japan’s Inpex said Friday that its operated Ichthys onshore gas liquefaction plant in Darwin, northwest Australia, has started loading its first shipment of LPG, destined to an Asian buyer. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The announcement comes after S&P Global Platts reported Thursday that Read More

Australia's Ichthys project starts up LPG shipment: Japan's Inpex

4 weeks ago DieselGasoil Comments Off on Australia's Ichthys project starts up LPG shipment: Japan's Inpex
Tokyo — Japan’s Inpex said Friday that its operated Ichthys onshore gas liquefaction plant in Darwin, northwest Australia, has started loading its first shipment of LPG, destined to an Asian buyer. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The announcement comes after S&P Global Platts reported Thursday that Read More

Japan may halt Iranian oil loadings by March even after resumption

4 weeks ago DieselGasoil Comments Off on Japan may halt Iranian oil loadings by March even after resumption
Highlights Uncertainty on next round of sanction waivers Japan shipping insurance expiry clouds import picture Refiners preparing for all eventualities Tokyo — Japanese refiners are considering resuming Iranian oil imports from January following Washington’s recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty about whether the waiver would Read More

Taiwan's Iranian crude oil imports to fall 40% on year to 6 mil barrels in 2018

4 weeks ago DieselGasoil Comments Off on Taiwan's Iranian crude oil imports to fall 40% on year to 6 mil barrels in 2018
Singapore — Taiwan’s Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions on Iran. Taiwan received 1.99 million barrels, or 66,381 b/d of Iranian crude oil in September — its third cargo so far this Read More

Philippines suspends fuel excise tax hike on oil products for 2019: local news

4 weeks ago DieselGasoil Comments Off on Philippines suspends fuel excise tax hike on oil products for 2019: local news
Singapore — Philippines will halt the second round of excise fuel tax on refined products, which was due to come into effect January 1, 2019 after President Duterte formally approved the suspension, in a bid to grapple with high inflation, local media reported on Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Analysis: Asian refiners may need to familiarize with heavier condensate

4 weeks ago DieselGasoil Comments Off on Analysis: Asian refiners may need to familiarize with heavier condensate
Singapore — Asian condensate buyers are bracing for a future of heavier condensate supply from 2019 onwards, mainly from the US and Australia, a development that could pose issues for some of the region’s condensate splitters designed to run on much lighter feedstock. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

US rig count rises by 21 on week to 1,200

4 weeks ago DieselGasoil Comments Off on US rig count rises by 21 on week to 1,200
Highlights Operators deploy 11 more gas rigs week on week High gas prices, low storage motivating producers Houston — The US oil and natural gas rig count surged by 21 this week to 1,200, the highest total since early 2015, with gas-oriented rigs accounting for the bulk of the additions, according to data by S&P Read More