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TC Energy shuts oil line as flooding disrupts U.S. Gulf terminals: traders

2 hours ago DieselGasoil Comments Off on TC Energy shuts oil line as flooding disrupts U.S. Gulf terminals: traders
NEW YORK (Reuters) – TC Energy Corp’s Marketlink oil pipeline from Cushing, Oklahoma, to Nederland, Texas, was shut as flooding disrupted operations at U.S. Gulf Coast terminals, traders familiar with the matter said on Thursday. Dangerous flash floods inundated parts of southeastern Texas on Thursday as Tropical Depression Imelda dumped the last of its rains, Read More

Mystery behind China’s ‘Loch Ness monster’ has finally been revealed… or has it? (VIDEOS)

11 hours ago DieselGasoil Comments Off on Mystery behind China’s ‘Loch Ness monster’ has finally been revealed… or has it? (VIDEOS)
China has been rapt by wild rumors of a mysterious creature lurking in the waters near the Three Gorges Dam in Hubei province. Grainy footage posted online has fuelled numerous conspiracy theories, but is the Chinese Nessie real? Dubbed the “Three Gorges Water Monster,” the beast (or whatever it is) has dominated online discourse in Read More

Southwest passengers get no damages for flights canceled by de-icer shortage: U.S. judge

21 hours ago DieselGasoil Comments Off on Southwest passengers get no damages for flights canceled by de-icer shortage: U.S. judge
(Reuters) – Southwest Airlines Co (LUV.N) won the dismissal of a proposed class-action lawsuit seeking damages for stranded passengers on hundreds of winter flights it was forced to cancel because it ran out of de-icer fluid. FILE PHOTO: A traveler checks her baggage at the Southwest Airlines terminal at LAX airport in Los Angeles, California, Read More

Libya restores storage capacity at Ras Lanuf terminal: NOC

1 day ago DieselGasoil Comments Off on Libya restores storage capacity at Ras Lanuf terminal: NOC
London — Storage capacity at Libya’s key 220,000 b/d Ras Lanuf oil terminal has increased following renovation work, state-owned National Oil Corporation said late Tuesday, after a number of storage tanks were destroyed by Islamic State militants in January 2016. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “This Read More

Nigeria’s Bonny Light on force majeure due to line closure: Shell

1 day ago DieselGasoil Comments Off on Nigeria’s Bonny Light on force majeure due to line closure: Shell
Exports of Nigeria’s Bonny Light crude have been under force majeure since Friday following the closure of the Nembe Creek Trunk line, terminal operator Shell said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The force majeure has been in place since Friday morning following “the shutdown of Read More

FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

2 days ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More

Iraq signs deal with Boskalis that could almost double oil exports capacity

2 days ago DieselGasoil Comments Off on Iraq signs deal with Boskalis that could almost double oil exports capacity
Amman, Jordan — Iraq signed a heads of agreement with Dutch firm Boskalis to build an artificial island south of the Abot tanker terminal in the Persian Gulf to almost double its export capacity and increase storage room in three years. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Houston prepares to say ‘Howdy Modi’ as gas producers eye deals

2 days ago DieselGasoil Comments Off on Houston prepares to say ‘Howdy Modi’ as gas producers eye deals
By Joe Carroll and Naureen S. Malik on 9/17/2019 HOUSTON (Bloomberg) – Indian Prime Minister Narendra Modi’s imminent visit to the U.S. energy capital is fueling speculation the second most-populous nation will further tap America’s shale gas bonanza. Indian PM Narendra Modi Modi is scheduled to address upwards of 50,000 people at a sold-out event Read More

FACTBOX: Crude prices soar as Saudi attacks expose tight global spare capacity

3 days ago DieselGasoil Comments Off on FACTBOX: Crude prices soar as Saudi attacks expose tight global spare capacity
New York — Oil prices rallied Monday as markets evaluated the fallout from the attacks on Saudi Arabia’s key Abqaiq processing facility and Khurais oil field over the weekend. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The threat of an extended supply outage from Saudi Arabia, the world’s Read More

Americas VLCC rates jump over 17% on increased activity after Saudi attacks

3 days ago DieselGasoil Comments Off on Americas VLCC rates jump over 17% on increased activity after Saudi attacks
Houston — Americas VLCC freight increased more than 17% on US Gulf Coast-loading markets Monday following the attacks on Saudi oil production infrastructure, as bullish owners took advantage of tightened availability in the Americas and a volley of freshly opened cargoes and pushed freight to match strengthened global VLCC sentiment. Not registered? Receive daily email Read More