Links to previous press releases are below. We welcome bona fide press enquiries, please email for further information
Operator Ineos has lifted all restrictions on oil and gas flows through the UK Forties pipeline following the successful completion of repairs, according to newswires. The pipeline is set to resume...Read More
US crude exports averaged 1.21M b/d during the week ending 22 December 2017, down 35% or 648K b/d w-o-w, but a more than 93% or 583K b/d increase y-o-y, according to the US Energy Information Administration....Read More
An armed attack damaged Libya’s Al-Zouk oil line transferring crude oil to the Es Sider port on Tuesday, reducing the country’s total output by about 100K b/d, Reuters reports.
Libya’s crude...Read More
UK Forties operator Ineos suggests all repairs are completed on the pipeline and tests are currently being conducted, according to Reuters. Oil flows are scheduled to resume in early January.
Venezuela’s financial struggles continue, with Reuters reporting its economy shrank 16.5% in 2016, amid weak crude prices and on-going US sanctions, which caused Venezuelan crude exports to the US to...Read More
Chinese Iron Ore Port Stocks Reach Record
Stockpiles of iron ore at Chinese ports rose by 2.4 Mt week-on-week to an all-time high of 144.3 Mt in the week ending 22 December, surpassing the previous peak of 143.5 Mt achieved in July this year, according to data from 42 portside locations monitored by U-metal.
Nigeria’s state-owned oil firm has more than doubled the daily fuel supply for motorists to 80M litres or about 500K b/d from current levels of 30M litres per day, amid surging domestic demand for gasoline...Read More
ACC Coal Trading Conference
Held in New York on 4-5 December, the 16th annual conference organised by the American Coal Council included a paper on "Seaborne Commodities & Freight Trends" by John Keeshan of SSY USA.