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Iran seizes two UK tankers, ratchets up Strait of Hormuz oil flow risks

24 hours ago DieselGasoil Comments Off on Iran seizes two UK tankers, ratchets up Strait of Hormuz oil flow risks
Highlights Stena Impero chemical tanker seized, VLCC Mesdar released Iran’s IRGC says it seized Stena Bulk for shipping violation: state TV UK foreign secretary ‘extremely concerned’ by incidents Washington — Iran seized a UK chemical tanker and briefly detained a UK-owned VLCC in the Strait of Hormuz Friday, ratcheting up regional tensions and risks to Read More

UK chemicals tanker attacked in Strait of Hormuz: owner Stena Bulk

1 day ago DieselGasoil Comments Off on UK chemicals tanker attacked in Strait of Hormuz: owner Stena Bulk
Washington — The UK-flagged Stena Impero chemicals tanker was attacked Friday by “unidentified small crafts and a helicopter” while transiting the Strait of Hormuz and is heading toward Iran, owner Stena Bulk confirmed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iran’s Islamic Revolutionary Guard Corps said it seized Read More

US readies plan for escorting oil tankers through Strait of Hormuz

4 days ago DieselGasoil Comments Off on US readies plan for escorting oil tankers through Strait of Hormuz
Highlights Trump’s defense chief nominee says effort will deter attacks ‘Maritime security initiative’ to be unveiled Friday US pushes Asian importers to share security burden Washington — Military escorts of oil shipments through the Strait of Hormuz by a US-led coalition will deter additional vessel attacks and “provocation or miscalculation” through the key oil chokepoint, Read More

More than half of Gulf of Mexico oil, gas output still shut after Barry: US BSEE

4 days ago DieselGasoil Comments Off on More than half of Gulf of Mexico oil, gas output still shut after Barry: US BSEE
Washington — About 1.1 million b/d, or 58%, of oil production and 1.4 Bcf/d, or 51%, of natural gas output in the Gulf of Mexico remains shut as drillers slowly restored operations after Hurricane Barry, the US Bureau of Safety and Environmental Enforcement said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

More than half of US Gulf of Mexico oil, gas output remains shut after Barry: BSEE

5 days ago DieselGasoil Comments Off on More than half of US Gulf of Mexico oil, gas output remains shut after Barry: BSEE
Washington — About 1.3 million b/d, or 69%, of oil production and 1.7 Bcf/d, or 61%, of natural gas output in the Gulf of Mexico remains shut as drillers start returning to platforms evacuated ahead of Hurricane Barry, the US Bureau of Safety and Environmental Enforcement said Monday. Not registered? Receive daily email alerts, subscriber Read More

Interview: Corpus Christi aims to rival Houston with 4 million b/d crude export capacity

1 week ago DieselGasoil Comments Off on Interview: Corpus Christi aims to rival Houston with 4 million b/d crude export capacity
Highlights Port CEO wants Corpus to be ‘Cushing of the coast’ Export market crowded with deepwater, onshore proposals Corpus Christi studies 75-foot-deep shipping channel Washington — The Port of Corpus Christi aims to become the “Cushing of the coast” by drawing more and more North American crude oil barrels with 4 million b/d of export Read More

Slow-moving Tropical Storm Barry poses flood threat to Louisiana, disruptions to USGC refined product exports

1 week ago DieselGasoil Comments Off on Slow-moving Tropical Storm Barry poses flood threat to Louisiana, disruptions to USGC refined product exports
Highlights Port of New Orleans at Port Condition Yankee, closed to incoming traffic Stolthaven product terminal in New Orleans shut down Down earlier, crude, product futures moving higher New York — Tropical Storm Barry is expected to make landfall Friday afternoon in eastern Louisiana, bringing the potential for extreme flooding, National Hurricane Center information showed Read More

New Orleans port closes, refinery shuts as Tropical Storm Barry targets Louisiana

1 week ago DieselGasoil Comments Off on New Orleans port closes, refinery shuts as Tropical Storm Barry targets Louisiana
New York — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Port of New Orleans has been closed to incoming traffic and Phillips 66 is shutting its Alliance refinery as Louisiana prepares to weather the hit from Tropical Storm Barry. Phillips 66 spokesman Dennis Nuss said Thursday non-essential Read More

Tropical Storm Barry shuts about half of Gulf of Mexico oil, gas output: US BSEE

1 week ago DieselGasoil Comments Off on Tropical Storm Barry shuts about half of Gulf of Mexico oil, gas output: US BSEE
Washington — US offshore drillers have shut 1 million b/d, or 53%, of Gulf of Mexico oil production and 1.2 Bcf/d, or 45%, of natural gas output as Tropical Storm Barry heads toward Louisiana’s coast, the Bureau of Safety and Environmental Enforcement said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Wall Street banks bailing on troubled U.S. farm sector

1 week ago DieselGasoil Comments Off on Wall Street banks bailing on troubled U.S. farm sector
CHICAGO/WASHINGTON (Reuters) – In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector. A dairy cow is seen grazing at the family farm, God Green Acres in Mayville, Wisconsin, U.S., June 24, 2019. Picture taken Read More