An 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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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 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...
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...
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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 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...
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 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 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 ArticleCrude 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 ArticleBasrah Light continues to comprise bulk of imports from Middle East: In the LOOP
The Louisiana Offshore Oil Port’s blended crude LOOP Sour has tended to become heavier but also sweeter recently as Iraqi Basrah Light continues to comprise the bulk of Middle East crudes that can be...
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Middle East oil producers shrug off the threat from US exports in Asian market
With Asia the demand battleground in the oil market, last week’s S&P Global Platts APPEC conference in Singapore provided an opportunity for producers to put their best foot forward before an...
View ArticleTariffs could come back to haunt US biodiesel industry
The US biodiesel industry just can’t seem to catch a break. Already plagued by poor blending economics – despite recent improvements brought on by rising ULSD costs – that have stymied the market, the...
View ArticleSeptember Lat Am crude imports fall on lower Venezuelan shipments: In the LOOP
The Louisiana Offshore Oil Port has seen a month-on-month drop in heavy Latin American crude imports, impacted by high regional prices and falling Venezuelan crude production. Month on month, LOOP has...
View ArticleSeptember Basrah Light imports at LOOP rebound from August hiatus: In the LOOP
The Louisiana Offshore Oil Port has received a flurry of Iraqi crude imports in the past few weeks, with more expected, which could be behind a recent 30% jump in open interest on the CME’s LOOP Sour...
View ArticleGas geopolitics: Is US LNG really a game-changer in eastern Europe?
Lithuania imported its first ever cargo of US LNG on August 21, the event celebrated by way of a special welcoming ceremony attended by key Lithuanian government figures. The US State Department was...
View ArticleCheaper or greener: Colombia eyes US ethanol with trepidation
The availability of cheap ethanol has become a contentious issue in the United States. While American drivers may see the benefits of supplies from the most efficient ethanol producer on earth, meaning...
View ArticleOil terminal launches weekly quality report for LOOP Sour blended crude: In...
The Louisiana Offshore Oil Port launched Monday the first of what will be weekly quality reports on its medium sour blended crude LOOP Sour, a move to bring more up-to-date information to market...
View ArticleNarrow sweet-sour spread prompts Saharan Blend import into LOOP: In the LOOP
The Louisiana Offshore Oil Port last week saw a rare tanker of light sweet crude, evidence of US Gulf Coast refiners looking to run more sweet crudes as a result of the narrower sweet-sour crude...
View ArticleRecent LOOP Sour rally evidence of persistent, global sour shortage: In the LOOP
The Louisiana Offshore Oil Port received no imports of Saudi Arabian or Iraqi crudes by the halfway point of July, evidence of the global sour crude shortage and competition for those barrels that has...
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