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...crude oil stocks of 4.5 million barrels, had an immediate impact on the oil price with crude oil trading lower the morning after the OPEC+ agreement was announced. Falling below...
...the inventories of crude oil and petroleum products at Stanlow and will supply crude to the refinery in line with its requirements. The new arrangements allow Essar Oil UK to...
Iran’s crude exports have doubled in five years VesselsValue (VV) provides ‘instant, accurate and unbiased data that can be accessed from anywhere in the world, at any time’. VV is...
...the first shipment of U.S. crude oil for export in 40 years. Using three Emco Wheaton marine loading arms (MLA) the Greek oil tanker, Theo T, was loaded on New...
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...of crude increased by 8.5%, including a one year high of $53.29 per barrel on 10th October. This is widely believed to be the most significant factor affecting heating oil...
...Media for its annual Argus Crude and Products Forum in London. This year’s event takes place on Tuesday 25th February during IP Week with the company hosting a series of...
...facility comprises two distillation units, one running light low to medium sulphur crudes with the other running sour/acidic crudes primarily from the North Sea for which the facility’s location endows...
...crude oil exports from the Middle East, West Africa, and US. The crude import ban is followed by a product import ban for the EU starting 5 February. With the...
...Russian imports, however, was not the same for different oil products with Russian crude replaced first and diesel taking an extra two months to be phased out. Most Russian crude...
...2% as a result. “As a domestic distribution network of refined product, opposed to crude, the wider impact on global oil prices was lessened, for example Brent crude prices increased...
Further Reading
...crude inventories are running low. In a recent report, Morgan Stanley said it had calculated that observable crude oil inventories globally had shed some 690 million barrels in 2021 leaving...
...of the crude oil sold around the world. The vast majority of crude oil is sold at a discount to these two grades. So when we talk about $20 a...
...have talked quite a few times about how the very high natural gas price must be a very bullish element for crude oil in general and for light sweet crudes...
...of intent. “In terms of direct impact, costs may increase for EU refiners because they will be forced to buy sweet crudes, although it may well transpire that heavier crudes...
...20 years, the Aden refinery was one of BP’s most profitable, taking cheap crude oil from inland Yemen and converting it into heavy fuel oil for shipping. However, in 1977...
...of Russia’s role in the petroleum industry as the world’s second-largest crude oil producer and largest exporter of refined oil products. Closer to home, Russia supplies about 30% of Europe’s...
...and 3.8 million mt of fluid catalytic cracking capacity, placing it in the category of medium complexity, with a Nelson Complexity Index of 8.2. Storage capacity for crude oil and...
According to a new report by Bloomberg Intelligence (BI), a supply gap big enough to push crude to a speculated $100 a barrel is unlikely, especially as OPEC has spare...
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