Richmond Refinery Fire Could Decrease Regional Exports
The fire at Chevron’s 257 kbpd Richmond, CA refinery on Monday evening has removed 12% of the state’s distillation…
US Refiners Finally Reducing Crude Inventories
According to monthly data and weekly estimates from the Energy Information Administration (EIA), US domestic crude production continues to…
European Terminal Operators Rethink Strategies
European terminal operators are looking for new service offerings as utilization rates slide across their import facilities. Service diversification,…
IEA Trims OPEC Production Capacity Outlook
In addition to cutting demand estimates in its recent Oil Market Report, the International Energy Agency (IEA) sliced its…
Caribbean Refinery Closures Offset by Sagging Demand
During the first quarter of 2012, the dual closure of Valero’s 235 kbpd Aruba refinery and the remaining 350…
Moderating IEA View Limiting Tanker Outlook
In its recent Oil Market Report (OMR), the International Energy Agency (IEA) kept its forecast for 2012 global oil…
Japanese Utility Demand Supports Aframaxes
Although the Japanese government has approved the start-up of two nuclear reactors in July in order to avoid power…
New Finds Boost Anadarko’s Mozambique Advantage
As drill bits continue to hit gas in East African waters with exciting regularity, Anadarko Petroleum is fast laying…
A Delayed Launch
Although estimates of how long repair work will last are better left until Motiva completes its inspection assessments, guesses…
US Crude Stock Build Continues
Six weeks ago, we observed that a surprise US crude inventory build was consistent with seasonal patterns, risk aversion…
