Kinder Morgan shuts Tampa, Florida refined products terminals, pipelines ahead of Hurricane Milton

Kinder Morgan shuts in 10-inch, 16-inch line only days after restarting Florida fuel supplies tight as residents evacuate Offshore impact limited to Chevron's Blind Faith platform Kinder Morgan shut its Tampa Bay, Florida refined products terminals as well as its Central Florida Pipeline system in preparation for Hurricane Milton, the company said Oct. 8. "Based on our current understanding of Hurricane Milton's path and intensity, we have shut down our pipelines that are part of the Central Florida Pipeline system," spokesperson Carolina Olivares said Oct. 8. "While the Tampa terminal is shut down, our Orlando truck racks are expected[...]

By |October 9th, 2024|Categories: Commercial|Tags: , , , |0 Comments

Saudi Arabia Raises Asia Oil Price as Volatility Grips Market

Aramco sets Arab Light crude to Asia at $2.20/barrel premium OPEC+ agreed last month to delay output increase to December Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict. State producer Saudi Aramco increased the official selling price of its main Arab Light crude grade by 90 cents to a premium of $2.20 a barrel against the regional benchmark for buyers in Asia, according to a price list seen by Bloomberg. The company was expected to boost the premium by 65 cents a barrel, according[...]

By |October 7th, 2024|Categories: Commercial|Tags: , , , , |0 Comments

Trouble Deepens for North Sea Oil and Gas

North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was imposed on the energy industry in 2022 amid record profits resulting from the supply uncertainty in oil and gas following the incursion of Russian troops into Ukraine. According to data from Norwegian investment bank SpareBank 1 Markets, reserve-based lending to oil and gas operators in the UK’s North Sea had fallen by some 40-50% since the introduction of the windfall profit tax. Click for[...]

By |October 2nd, 2024|Categories: Commercial|0 Comments

Global demand remains low due to Chinese economy

Global oil demand growth will likely remain below 1 million barrels per day in the near future largely because of a slowdown in China's economy, International Energy Association executive director Fatih Birol said Sept. 23. https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/092324-global-oil-demand-growth-to-remain-below-1-million-bd-in-near-future-ieas-birol

By |September 15th, 2024|Categories: Commercial, Concepts, Interiors, Landscapes|0 Comments
  • Kinder Morgan shuts Tampa, Florida refined products terminals, pipelines ahead of Hurricane Milton

    Kinder Morgan shuts in 10-inch, 16-inch line only days after restarting Florida fuel supplies tight as residents evacuate Offshore impact limited to Chevron's Blind Faith platform Kinder Morgan shut[...]

    Published On: October 9th, 20240.6 min read
  • Saudi Arabia Raises Asia Oil Price as Volatility Grips Market

    Aramco sets Arab Light crude to Asia at $2.20/barrel premium OPEC+ agreed last month to delay output increase to December Saudi Arabia raised its main oil prices for buyers[...]

    Published On: October 7th, 20240.6 min read
  • Trouble Deepens for North Sea Oil and Gas

    North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK[...]

    Published On: October 2nd, 20240.6 min read
  • Uzbek Refiner to Process Afghan Crude

    Uzbek oil refiner Saneg has struck a deal to process Afghan crude at its 2 million mt/year Fergana refinery as Afghanistan's Taliban government is trying to kickstart upstream production[...]

    Published On: September 24th, 20240.2 min read
  • Global demand remains low due to Chinese economy

    Global oil demand growth will likely remain below 1 million barrels per day in the near future largely because of a slowdown in China's economy, International Energy Association executive[...]

    Published On: September 15th, 20240.2 min read
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