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…
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Industry Opinions
IT Admin
US Refiners Finally Reducing Crude Inventories
IT Admin
According to monthly data and weekly estimates from the Energy Information Administration (EIA), US domestic crude production continues to…
IT Admin
European Terminal Operators Rethink Strategies
IT Admin
European terminal operators are looking for new service offerings as utilization rates slide across their import facilities. Service diversification,…
IT Admin
IEA Trims OPEC Production Capacity Outlook
IT Admin
In addition to cutting demand estimates in its recent Oil Market Report, the International Energy Agency (IEA) sliced its…
IT Admin
Caribbean Refinery Closures Offset by Sagging Demand
IT Admin
During the first quarter of 2012, the dual closure of Valero’s 235 kbpd Aruba refinery and the remaining 350…
IT Admin
Moderating IEA View Limiting Tanker Outlook
IT Admin
In its recent Oil Market Report (OMR), the International Energy Agency (IEA) kept its forecast for 2012 global oil…
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Japanese Utility Demand Supports Aframaxes
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Although the Japanese government has approved the start-up of two nuclear reactors in July in order to avoid power…
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New Finds Boost Anadarko’s Mozambique Advantage
IT Admin
As drill bits continue to hit gas in East African waters with exciting regularity, Anadarko Petroleum is fast laying…
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A Delayed Launch
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Although estimates of how long repair work will last are better left until Motiva completes its inspection assessments, guesses…
IT Admin
US Crude Stock Build Continues
IT Admin
Six weeks ago, we observed that a surprise US crude inventory build was consistent with seasonal patterns, risk aversion…
IT Admin
Chinese Crude Sourcing Offers Continued Support to VLCCs
IT Admin
The rapid growth of Chinese oil product demand, refining capacity and crude imports has been a supportive feature of…
IT Admin
PADD 1 Crude Imports Poised to Rebound
IT Admin
At first glance, crude oil import data for PADD 1 (representing the US East Coast) might suggest that volumes…
