Crude imports fall amid wider Dubai, Brent premiums over WTI: In the LOOP
The Louisiana Offshore Oil Port has seen a month-on-month decline in crude imports, impacted by persistently wide Brent/WTI and Dubai/WTI spreads that have pushed up the price of foreign grades. For...
View ArticleUSGC sour crude exports see strong demand in Asia, India on wide Dubai/LOOP...
The arbitrage for US Gulf Coast medium sour crudes to make the 30- to 45-day journey to Asia and India remains strong, with the LOOP Sour-Dubai spread at its widest level since October 12. Dubai M2...
View ArticleEuropean Commission throws book at Russia’s Nord Stream 2 natural gas link
The European Commission, watchdog of the EU treaties, is throwing everything it has at Russia’s planned 55 Bcm/year Nord Stream 2 pipeline across the Baltic Sea to Germany in its efforts to keep...
View ArticleIraqi crude exports fall on wide Dubai premium, fall turnarounds: In the LOOP
Imports of Iraqi crude oil to the Louisiana Offshore Oil Port declined from September to October as US Gulf Coast refiners experienced fall turnaround season and as the Dubai/WTI spread remained...
View ArticleMiddle Eastern barrels headed to LOOP as Dubai premium drops: In the LOOP
Four tankers are on their way to the Louisiana Offshore Oil Port, three likely carrying Iraqi crude and a fourth partly laden with unknown barrels, according to cFlow, Platts’ trade-flow software. The...
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High days and holidays for US crude flows
The floodgates have opened. The game has changed. The possibilities are endless. This is the worst — absolutely. Choose any of those expressions or phrases to explain some aspect of the global oil...
View ArticleLOOP Sour becomes lighter, sweeter for November: In the LOOP
The US crude blend LOOP Sour was lighter and sweeter in November, even as the Louisiana Offshore Oil Port saw increased imports of Iraqi Basrah Light and Kuwaiti crude oil. The oil terminal allocates...
View ArticleLOOP imports rare Argentinian crude cargoes: In the LOOP
Several rare cargoes of two Argentinian light sweet crude grades have made their way to the Louisiana Offshore Oil Port so far in March, and the shipments appear to be some of the first to be imported...
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Diversification pays dividends for South Korean thermal coal buyers
South Korean thermal coal buyers have been working hard over the past year to diversify their supply sources and take advantage of price arbitrages in the seaborne market, according to an S&P...
View ArticleAn LNG cargo’s journey is just beginning when it reaches port
BARCELONA — Considering the expected growth in US LNG exports over the next several years, it is natural to focus on the developers, construction contractors, regulators and contract pricing mechanisms...
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