General

This post was originally published on this siteCrude oil futures were higher in mid-morning trade in Asia March 17 as the International Energy Agency’s warning of potential supply shortages overshadowed reports of progress in Russia-Ukraine peace talks. At 11 am Singapore time (0300 GMT), the May ICE Brent futures contract was up $1.14/b (1.16%) from …

Crude oil futures rise on IEA supply forecast amid progress in Russia-Ukraine talks Read More »

This post was originally published on this siteSingapore second-third quarter jet fuel/kerosene swap spread narrowed sharply by 72.42% on the week to $5.43/b at the Asian close March 16, as coronavirus-led lockdowns raised worries about a potential slowdown in China, the world’s largest importer of crude. The Q2-Q3 jet fuel/kerosene derivative spread — an indication …

Singapore jet fuel Q2-Q3 spread narrows 72% as China lockdowns stoke demand woes Read More »

Americans have recently become painfully aware of the international scope of oil markets. The war between Russia and Ukraine, being fought across the Atlantic Ocean more than 5,000 miles from America’s East Coast, has disrupted the global supply of oil – and thus gasoline. As a result, gasoline prices have risen dramatically in the last […]

This post was originally published on this siteAmericans have recently become painfully aware of the international scope of oil markets. The war between Russia and Ukraine, being fought across the Atlantic Ocean more than 5,000 miles from America’s East Coast, has disrupted the global supply of oil – and thus gasoline. As a result, gasoline …

Increased Oil Exports Will Benefit Americans Read More »

This post was originally published on this siteRefineries: Sendai in northeast; Negishi, Kawasaki and Chiba in Tokyo Bay, Japan Owner: ENEOS for Sendai, Negishi, Kawasaki; ENEOS 51%, PetroChina International 49% for Chiba Overall capacities: 145,000 b/d at Sendai, 129,000 b/d at Chiba, 270,000 b/d at Negishi, 247,000 b/d at Kawasaki Units affected: All units at …

REFINERY NEWS: Japan ENEOS' Sendai, Chiba refineries shut after Fukushima earthquake Read More »

This post was originally published on this site LNG export terminals are running near full capacity with U.S. exports in high demand amid Russia's invasion of Ukraine and Europe's drive to rebuild shrunken natural gas stocks.