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Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions

2 hours ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
Highlights In tweet, Trump signals change to 40-year-old maritime security doctrine Analyst sees move as a negotiating tactic amid heightened US-Iran tensions US unveils new sanctions on Iranian leaders following attacks on drone, tankers Washington — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now President Donald Trump signaled Monday Read More

WTI structure strengthens as Middle East tensions simmer

2 hours ago DieselGasoil Comments Off on WTI structure strengthens as Middle East tensions simmer
New York — The NYMEX WTI forward structure continued to strengthen Monday after the front-month contract settled at a three-week high in a turbulent session. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled up 47 cents at $57.90/b, while ICE August Brent was still down Read More

Soon-to-be sanctioned Iran FM says Trump is ‘100% RIGHT’ on less US presence in Persian Gulf

2 hours ago DieselGasoil Comments Off on Soon-to-be sanctioned Iran FM says Trump is ‘100% RIGHT’ on less US presence in Persian Gulf
Iranian Foreign Minister Javad Zarif has said Donald Trump is “100% right” in that the US military has no business in the Perisan Gulf, after Trump questioned whether they needed to maintain such a strong presence in the region. Tweeting in rare agreement after Trump announced a new round of sanctions against Tehran, Zarif said Read More

Trump threatens to lessen US security role in Strait of Hormuz

5 hours ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz
Washington — President Donald Trump signaled Monday that the US may lessen its role in the Strait of Hormuz as domestic oil and gas output grows and US energy imports from the Middle East decline. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “China gets 91% of its Oil Read More

Trump tells countries to PAY UP if they want US protection in Strait of Hormuz

8 hours ago DieselGasoil Comments Off on Trump tells countries to PAY UP if they want US protection in Strait of Hormuz
Ever the businessman, US President Donald Trump saw something in the ongoing crisis in the Strait of Hormuz most others didn’t: a chance to rake in some cash by demanding foreign nations pay for “protection.” Trump took to Twitter Monday to, once again, call out world governments for supposedly freeloading off the US, this time Read More

Trump warns of more Iran sanctions with fewer targets remaining

10 hours ago DieselGasoil Comments Off on Trump warns of more Iran sanctions with fewer targets remaining
By Saleha Mohsin and Ladane Nasseri on 6/24/2019 WASHINGTON and DUBAI (Bloomberg) — President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The U.S. is already sanctioning significant sectors including Read More

GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights

12 hours ago DieselGasoil Comments Off on GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights
Monaco, June 24, 2019 (GLOBE NEWSWIRE) — GasLog Ltd. (“GasLog”, the “General Partner”, or the “GP”) (NYSE: GLOG) and GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP) announced today an agreement to eliminate the GP’s incentive distribution rights (“IDRs”) in exchange for newly issued limited partner (“LP”) units. In exchange for the IDRs, Read More

Outlook uncertain for Japan’s whaling industry despite commercial restart

22 hours ago DieselGasoil Comments Off on Outlook uncertain for Japan’s whaling industry despite commercial restart
MINAMIBOSO, Japan (Reuters) – When Yachiyo Ichihara was a child in Wada, one of Japan’s oldest whaling villages, she’d go down to the harbor with a bucket and carry it home full of freshly butchered whale meat. Canned whale meat is displayed at a roadside store named WA-O! in Minamiboso, east of Tokyo, Japan June Read More

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

2 days ago DieselGasoil Comments Off on China presents world’s first ‘intelligent’ mega oil tanker
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

Shipping rates for Middle East oil are surging

3 days ago DieselGasoil Comments Off on Shipping rates for Middle East oil are surging
By Alaric Nightingale and Firat Kayakiran on 6/21/2019 LONDON (Bloomberg) –Oil tanker owners are raising the prices they charge to export Middle East crude as tensions surge in a region that accounts for about a third of all seaborne petroleum shipments. Rates for transporting 2 MM-bbl cargoes from Saudi Arabia to China jumped to almost Read More