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Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas

4 hours ago DieselGasoil Comments Off on Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas
MOSCOW/LONDON (Reuters) – In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest exporter of crude this spring is long over. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Baltic Sea port of Ust-Luga, Russia February 26, 2018. REUTERS/Vladimir Soldatkin/File Read More

Russian ‘military plane’ lands in Venezuela (PHOTOS)

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A Russian ‘Air Force plane’ has reportedly landed in Venezuela, according to photos and flight tracker reports. In March, a similar event sparked a heated war of words between Moscow and Washington. The plane arrived at Venezuela’s “main airport” on Monday, Reuters reported, referring to the Simon Bolivar International Airport outside of the Venezuelan capital Read More

Analysis: Southeast Asia contributing heavily to ample US-Asia crude flows in 2019

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Singapore — Southeast Asia will likely continue to play a pivotal role in support of ample US-Asia crude oil trades in the second half of 2019 despite China’s faltering appetite for US energy products, with Vietnam aiming to procure two more WTI crude cargoes over the coming quarters. Not registered? Receive daily email alerts, subscriber Read More

Vietnam’s Dung Quat refinery to receive second, third US crude cargo in Oct, Dec

21 hours ago DieselGasoil Comments Off on Vietnam’s Dung Quat refinery to receive second, third US crude cargo in Oct, Dec
Singapore — Vietnam’s 148,000 b/d Dung Quat refinery will receive its second cargo of US crude oil consisting of 1 million barrels of WTI Midland crude in October, refinery operator Binh Son Refining and Petrochemical, or BSR, said in a statement on Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Thailand’s IRPC to start selling 0.5% sulfur fuel oil cargo from July

21 hours ago DieselGasoil Comments Off on Thailand’s IRPC to start selling 0.5% sulfur fuel oil cargo from July
Singapore — Thailand’s oil and petrochemical company IRPC Public Co. Ltd. plans to start selling low sulfur fuel oil cargo with maximum sulfur of 0.5% from its Rayong refinery from next month, company sources said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This move is in line Read More

Funeral flight? SpaceX to send HUMAN ASHES into orbit aboard Falcon rocket… for $5k per gram

1 day ago DieselGasoil Comments Off on Funeral flight? SpaceX to send HUMAN ASHES into orbit aboard Falcon rocket… for $5k per gram
SpaceX is prepping for a launch of its third Falcon Heavy rocket, this time loaded with 24 satellites, as well as more unusual cargo – none other than people’s remains. The “funeral flight” is scheduled for late on Monday, June 24, and will see containers packed with the cremated remains of 152 people sent into Read More

China presents world’s first ‘intelligent’ mega oil tanker

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An oil carrier the size of nearly three football fields has been delivered to its new owner in northeast China. It is the first “smart” carrier in the world, and has a loading capacity of 308,000 tons. The main feature of the vessel ‘New Journey,’ which belongs to the very large crude carrier (VLCC) type, Read More

Asian sweet crude market weakens for August cycle on poor margins

4 days ago DieselGasoil Comments Off on Asian sweet crude market weakens for August cycle on poor margins
Singapore — Traded differentials for Asian sweet crude grades fell across the board for the August trading cycle, weighed down by greater supply this month and weak demand as refiners cut run rates amid poor refining margins, trade sources said Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

US-Iran rhetoric keeps sour crude structure afloat

4 days ago DieselGasoil Comments Off on US-Iran rhetoric keeps sour crude structure afloat
Singapore — The Middle East sour crude complex was steady to a touch firmer in mid-morning trading hours in Asia on Friday, as continuing statements from the US attributing recent attacks in the Persian Gulf to Iran kept a floor under prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Saudi Arabia ‘wants to avoid war with Iran at all costs’

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Saudi Arabia’s foreign minister has told Sky News his country wants to avoid war with Iran at all costs. Adel Al-Jubeir denied suggestions by Iran that Saudi Arabia was trying to provoke a war. He said: “That is ridiculous. We have made it clear and so has the US. The escalation has come from the Read More