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Pembina to acquire Kinder Morgan Canada, taking control of Cochin condensate line

2 days ago DieselGasoil Comments Off on Pembina to acquire Kinder Morgan Canada, taking control of Cochin condensate line
New York — Pembina Pipeline has agreed to acquire Kinder Morgan subsidiary Kinder Morgan Canada, giving Pembina ownership of the cross-border Cochin condensate pipeline system, the company said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The C$4.35 billion deal will also increase Pembina’s above ground storage capacity Read More

BHP offers largest bid of $22.5 million for deepwater block in US Gulf Lease Sale 253

2 days ago DieselGasoil Comments Off on BHP offers largest bid of $22.5 million for deepwater block in US Gulf Lease Sale 253
Houston — BHP Billiton offered $22.5 million for a block in the deepwater Green Canyon area off the coast of Louisiana in Wednesday’s US Gulf of Mexico Lease Sale 253 – by far the largest bid in the auction. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now During the Read More

US to sell 10 million barrels of sour crude from strategic petroleum reserve

2 days ago DieselGasoil Comments Off on US to sell 10 million barrels of sour crude from strategic petroleum reserve
Houston — The US will sell 10 million barrels of sour crude from its Strategic Petroleum Reserve with deliveries planned for October and November, the Department of Energy announced Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In a notice of sale Wednesday, DOE said offers must be Read More

Iran warns of consequences amid US pressure to ‘zero out’ oil exports

2 days ago DieselGasoil Comments Off on Iran warns of consequences amid US pressure to ‘zero out’ oil exports
Highlights Iran’s president say security in International waters cannot be guaranteed Focus on Adrian Darya 1 tanker as it sails eastward Iran’s exports sink, floating storage leaps Tehran — Iran’s leaders have once again warned that maritime security will remain at risk if its oil exports continued to be comprised as the US warns countries Read More

Fujairah data: Heavy residue stocks drop for first time in three weeks

2 days ago DieselGasoil Comments Off on Fujairah data: Heavy residue stocks drop for first time in three weeks
Dubai — Fujairah’s stockpiles of heavy distillates and residues declined for the first time in three weeks on signs of additional demand amid higher prices at competing ports, according to data from the Fujairah Oil Industry Zone released Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Heavy distillate Read More

Brent/Dubai spread narrows on firm demand for sour crude

2 days ago DieselGasoil Comments Off on Brent/Dubai spread narrows on firm demand for sour crude
Singapore — Benchmark Dubai crude futures’ discount to ICE Brent narrowed in mid-morning trading in Asia on Wednesday, as firm demand from Chinese refiners for Middle East sour crude propped up the complex. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11 am in Singapore (0300 GMT) on Read More

Crude oil futures higher on US stock draw as growth fears linger

2 days ago DieselGasoil Comments Off on Crude oil futures higher on US stock draw as growth fears linger
Singapore — Crude oil futures were marginally higher during mid-morning trade in Asia Wednesday amid a bullish report on last week’s US crude inventory data, while ongoing concerns over global demand and growth capped price gains. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:30 am in Singapore Read More

Indonesian Pertamina’s Sep gasoline imports seen rising to 10-11 mil barrels

3 days ago DieselGasoil Comments Off on Indonesian Pertamina’s Sep gasoline imports seen rising to 10-11 mil barrels
Singapore — Indonesia’s Pertamina plans to import around 10 million-11 million barrels of gasoline for September, up sharply from its planned imports of 8 million barrels for August, due to scheduled maintenance at one of its refineries in the month, industry sources told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber Read More

Iranian oil exports fell below 100,000 b/d in July: US

3 days ago DieselGasoil Comments Off on Iranian oil exports fell below 100,000 b/d in July: US
Washington — Iranian oil shipments have been ‘zeroed out’ Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Platts’ initial estimate is 450,000 b/d Pompeo pushing maritime security partnership US sanctions caused Iranian crude exports to fall to about 100,000 b/d in July, down from roughly 2.5 million b/d a Read More

First US crude cargo from Cactus II loaded out of Corpus Christi

3 days ago DieselGasoil Comments Off on First US crude cargo from Cactus II loaded out of Corpus Christi
Houston — The first US crude cargo originating from the new Cactus II pipeline loaded onto the Aframax Paramount Hatteras out of the Buckeye Terminal in Corpus Christi, Texas, a NuStar Energy spokesman confirmed Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Paramount Hatteras’ discharge destination was Read More