×

Transportation Marine

  • *OPEC output rises by 50,000 bpd to 32.86 million bpd. LONDON, Sept 29- OPEC oil output has risen this month by 50,000 barrels per day, a Reuters survey found, as Iraqi exports increased and production edged higher in Libya, one of the producers exempt from a supply-cutting deal. Top exporter Saudi Arabia continued to shoulder a larger portion of OPEC's total cut by...

  • WASHINGTON, Sept 28- Republican senators John McCain and Mike Lee introduced a bill on Thursday to permanently waive shipping restrictions on Puerto Rico, saying a temporary waiver from the Trump administration is "insufficient" to help the island rebuild from Hurricane Maria. President Donald Trump's administration earlier on Thursday waived the...

  • Certainly the mood at this week's major industry conference in Singapore was a marked change from recent years, with several upbeat presentations, panel discussions and off-the-record chats giving the view that prices were more likely to rise than fall. The most bullish commentary at the Asia Pacific Petroleum Conference was from trading house Trafigura,...

  • LONDON, Sept 28- Maritime services company Fujairah National Shipping is stepping up investments in the emirate, aiming to benefit from expanding Gulf shipping trade despite tensions in the region and the diplomatic crisis with Qatar, its chief executive said. Fujairah, on the United Arab Emirates' east coast, is the country's only multi-purpose port outside...

  • *Matrix expects mid-2020 completion of storage tanks at Cushing. *Eyes expansion of storage futures model into Asia. SINGAPORE, Sept 28- Matrix Global Holdings is planning to start up an oil storage futures contract for low-sulfur crude oil that will enable companies to build up supplies for export cargoes, as Asia looks for more crude imports from the United...

  • Certainly the mood at this week's major industry conference in Singapore was a marked change from recent years, with several upbeat presentations, panel discussions and off-the-record chats giving the view that prices were more likely to rise than fall. The most bullish commentary at the Asia Pacific Petroleum Conference was from trading house Trafigura,...

  • *Maersk says waste shipments into China have declined. The city's system for dealing with its paper waste has been failing since China in July imposed a ban on imports of 24 types of rubbish, as part of a campaign against "foreign garbage" and environmental pollution, including unsorted scrap paper. Traditional suppliers of waste paper to China include Europe, the...

  • WASHINGTON, Sept 27- The U.S. Justice Department said on Wednesday a Norwegian company involved in the vehicle shipping business has agreed to plead guilty and pay a $21 million criminal fine for its involvement in a price-fixing scheme. The department said in a statement that Höegh Autoliners "conspired with competitors to suppress and eliminate...

  • SAN JUAN, PUERTO RICO/ NEW YORK, Sept 27- Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her familys generator on Monday, but the supply ran out before she got to the front of the line. With Puerto Rico's electric grid in shambles after Hurricane Maria, gasoline and diesel have become liquid gold in this U.S. territory.

  • SAN JUAN, PUERTO RICO/ NEW YORK, Sept 27- Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her familys generator on Monday, but the supply ran out before she got to the front of the line. With Puerto Rico's electric grid in shambles after Hurricane Maria, gasoline and diesel have become liquid gold in this U.S. territory.

  • SAN JUAN, PUERTO RICO/ NEW YORK, Sept 27- Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her familys generator on Monday, but the supply ran out before she got to the front of the line. With Puerto Rico's electric grid in shambles after Hurricane Maria, gasoline and diesel have become liquid gold in this U.S. territory.

  • SAN JUAN, PUERTO RICO/ NEW YORK, Sept 27- Puerto Rico resident Marangelly Garcia waited eight hours for diesel to fuel her familys generator on Monday, but the supply ran out before she got to the front of the line. With Puerto Rico's electric grid in shambles after Hurricane Maria, gasoline and diesel have become liquid gold in this U.S. territory.

  • NEW YORK, Sept 26- Monroe Energy, a subsidiary of Delta Air Lines, ran out of crude at its 185,000 barrel-per-day Trainer, Pennsylvania, refinery after delays in unloading a supertanker called C. Innovator, according to a source familiar with the company's operations and Reuters shipping data. The VLCC loaded at the Brass River terminal in Nigeria around Sept. 4 and...

  • SINGAPORE, Sept 26- The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify their sources of crude, and the consequences will likely go well beyond a shift in oil trade flows. Crude oil exports to Asia from the United States are still relatively small-scale, with Thomson Reuters Oil Research...

  • SINGAPORE, Sept 26- The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify their sources of crude, and the consequences will likely go well beyond a shift in oil trade flows. Crude oil exports to Asia from the United States are still relatively small-scale, with Thomson Reuters Oil Research...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • PUERTO ORDAZ, Venezuela, Sept 21- Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves, adding to the OPEC country's woes as its refineries sputter and its socialist economic system crumbles. Lines to buy fuel and shuttered service stations have been intermittent problems for much of this year, most...

  • KHOBAR, Saudi Arabia, Sept 21- Saudi Arabia's Bahri, the exclusive oil shipper of Saudi Aramco, expects supertanker rates to stabilise at slightly better levels going into the fourth quarter, the vice president for commercial and operations of its oil business said. "Full year delivery is expected to be around 50, against reported scrapping in the single digits...