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

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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

Analysis: First US crude offer in Asia MOC creates stir amid shut arbitrage

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Singapore — The Asian Platts Market on Close assessment process registered its first ever offer for US crude oil Monday — despite a 16-month low spread between WTI and Dubai making its purchase currently unattractive to Asian buyers. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The emergence of Read More

Sour crude spreads move higher as market sentiment firms

19 hours ago DieselGasoil Comments Off on Sour crude spreads move higher as market sentiment firms
Singapore — Timespreads for benchmark Dubai crude oil futures rose Tuesday morning in Asia as market sentiment firmed for Middle East sour crude, amid strong demand from North Asian refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10 am in Singapore (0200 GMT), the September/October spread for Read More

U.S. oil poses threat to Mideast sellers with Asia trading debut

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By Sharon Cho on 8/19/2019 SINGAPORE (Bloomberg) –The rivalry between U.S. and Middle Eastern oil producers has jumped up a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy market. Royal Dutch Shell Plc has offered a cargo of U.S. West Texas Intermediate Midland crude that’s priced Read More

Iran warns US against recapturing oil tanker as it leaves Gibraltar

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An Iranian oil tanker detained off Gibraltar early last month left the British territory and was headed through the Mediterranean towards Greece on Monday. Tehran warned any attempt by the US to seize the Adrian Darya 1 again would be met with “heavy consequences”. The vessel, previously known as the Grace 1, left anchorage off Read More

Iran warns US against re-impounding tanker freed by Gibraltar as it sails to Greece

2 days ago DieselGasoil Comments Off on Iran warns US against re-impounding tanker freed by Gibraltar as it sails to Greece
US attempts to re-seize an Iranian oil tanker that was released by Gibraltar last week may end badly, Tehran has warned. The vessel is now heading towards Greece, according to maritime tracking data. The ship, which was detained last month by Gibraltar authorities, left the British territory late on Sunday despite an order issued by Read More

Oil tanker at centre of US power struggle departs Gibraltar

2 days ago DieselGasoil Comments Off on Oil tanker at centre of US power struggle departs Gibraltar
The Iranian oil tanker which has been detained off Gibraltar since early last month is now departing the British territory. The Adrian Darya 1, previously known as the Grace 1, left anchorage off the British territory at around 11pm local time, Refinitiv shipping data showed. The tanker slowly steered southeast toward a narrow stretch of Read More