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Iran changes tactics, destinations on oil exports, maritime official says

1 hour ago DieselGasoil Comments Off on Iran changes tactics, destinations on oil exports, maritime official says
FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo (Reuters) – Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of U.S. sanctions, a senior Iranian maritime official Read More

Tankers sought to store abundant LNG as traders wait for better prices

20 hours ago DieselGasoil Comments Off on Tankers sought to store abundant LNG as traders wait for better prices
By Anna Shiryaevskaya on 5/17/2019 Hudong-Zhonghua Shipyard’s 270,000 cbm LNG carrier design. Photo: DNV GL. LONDON (Bloomberg) — A long-established practice in oil trading, the complexity and cost of keeping natural gas in liquid form on ships for extended periods meant it wasn’t widely used until last fall, in anticipation of a surge in Chinese Read More

Gazprom Neft produces its two-millionth ton of oil in Kurdistan, Iraq

2 days ago DieselGasoil Comments Off on Gazprom Neft produces its two-millionth ton of oil in Kurdistan, Iraq
5/16/2019 Sarqala field in the Kurdistan Region of Iraq. Photo: Gazprom Neft. MOSCOW — Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth ton of oil since starting commercial production at its Sarqala field in the Kurdsitan Region of Iraq. Sarqala field in the Kurdsitan Region of Iraq First oil was obtained Read More

Equinor says Statfjord loading still shut after oil spill

2 days ago DieselGasoil Comments Off on Equinor says Statfjord loading still shut after oil spill
FILE PHOTO: A logo of Equinor at the company’s headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis OSLO (Reuters) – Equinor has still not identified the source of an oil spill at its Statfjord field in the North Sea, and the loading of crude onto tankers remains shut, the Norwegian company told Reuters on Read More

Russia & China to ink deal for construction of two nuclear reactors

3 days ago DieselGasoil Comments Off on Russia & China to ink deal for construction of two nuclear reactors
A contract for the development of two new units at China’s Xudabao nuclear power plant will soon be signed by Moscow and Beijing. It is part of the biggest nuclear energy deal between the two countries in a decade. Under the deal, two Russian VVER-1200 units worth a total of $1.7 billion will be built Read More

API: Growing trade war with China could hurt U.S. LNG, consumers

5 days ago DieselGasoil Comments Off on API: Growing trade war with China could hurt U.S. LNG, consumers
5/13/2019 Hudong-Zhonghua Shipyard’s 270,000 cbm LNG carrier design. Photo: DNV GL. WASHINGTON — API issued the following statement in response to China’s increase of the retaliatory tariffs on $60 billion worth of U.S. products, including U.S. LNG: “The U.S. and China have a natural supply-demand match when it comes to energy, but China’s increase of Read More

Russian oil quality back to normal at Baltic port after contamination

5 days ago DieselGasoil Comments Off on Russian oil quality back to normal at Baltic port after contamination
MOSCOW/LONDON (Reuters) – Russia has begun shipping clean oil via the Baltic after a contamination problem disrupted flows for three weeks and it is working to resume supplies by a pipeline to Europe although traders said this might take several more weeks to fix. FILE PHOTO: A general view shows the Novorossiysk Fuel Oil Terminal Read More

Organic chloride in oil at Russia’s Novorossiisk is rising, within limits: sources

5 days ago DieselGasoil Comments Off on Organic chloride in oil at Russia’s Novorossiisk is rising, within limits: sources
MOSCOW (Reuters) – The levels of organic chloride in oil loadings from the Black Sea port of Novorossiisk have been on the rise since early May, but stayed within the allowed limit, according to three industry sources and documents reviewed by Reuters on Monday. Organic chloride content in Urals cargoes for loading from Novorossiisk has risen Read More

US deploying even more missiles to Middle East as Iran saber-rattling reaches fever pitch

1 week ago DieselGasoil Comments Off on US deploying even more missiles to Middle East as Iran saber-rattling reaches fever pitch
The US is sending a battery of Patriot missiles to join the carrier strike group and bomber task force currently “protecting” American interests in the Middle East from Iran, still insisting the buildup is merely defensive. The missiles and transport ship USS Arlington are being deployed to the region “in response to indications of heightened Read More

Middle East oil grab hits fever pitch as supply squeeze persists

1 week ago DieselGasoil Comments Off on Middle East oil grab hits fever pitch as supply squeeze persists
By Serene Cheong and Sharon Cho on 5/10/2019 SINGPORE (Bloomberg) — Oil refiners across Asia are bidding up crude prices from Abu Dhabi to Oman as they compete for supplies to make up for lost Iranian and Venezuelan exports. July-loading cargoes of grades such as Murban and Das were bid at premiums of $0.80 to Read More