oil export

Amidst Refinery Strikes US Oil Export To France Dips To Naught

Crude oil exports from the United States to France have fallen to zero for the first time in four years, Bloomberg has reported, citing industrial action at French refineries that has now spilled into other sectors as well.

Spillover Effect

Citing tanker tracking data, the report says that no U.S. crude has been shipped over the Atlantic to France since the start of October. Flows were instead re-routed to Denmark and Italy, according to Vortexa. Refinery workers in France began striking more...

https://mfame.guru/amidst-refinery-strikes-us-oil-export-to-france-dips-to-naught/

Force Majeure On Oil Fields And Export Blockade Lifted In Libya

  • National Oil Corp in Libya Lifted the force majeure on oil fields and ports.
  • Following this, another announcement on ending the oil export blockade was made.
  • The end of the blockade could return over 1 million b/d of crude to the market.
  • Hess to ship the first oil tanker with crude.
  • The conflict between GNA and LNA led to $10 billion in losses in oil revenue.
  • Countries that exceeded their quotas from May-August to have 2.375 million b/d of compensation cuts due.

Libya’s state-owned National...

https://mfame.guru/force-majeure-on-oil-fields-and-export-blockade-lifted-in-libya/

Asia Oil Margin Hit As China Refineries Goes for Record Oil Export

Reuters Graphic

According to a Reuters report written by Clyde Russell, the rebound in China’s crude oil processing in April looms large over Asia’s refineries, which are already battling weak profit margins from the slump in fuel demand caused by lockdowns aimed at containing the coronavirus pandemic.

A Recovery In Fuel Demand
  • China’s refineries processed the equivalent of 13.1 million barrels per day (bpd) in April, up from a 15-month low of 11.78 million bpd in March, according to calculations based on...

https://mfame.guru/asia-oil-margin-hit-as-china-refineries-goes-for-record-oil-export/

Deepwater port application for oil exports received

The oil tanker Maran Poseidon. Public Domain photo.

On Jan. 31, 2019, the Maritime Administration and the Coast Guard received an application from SPOT Terminal Services LLC (SPOT) for a license to own, construct, and operate a deepwater port for the export of oil approximately 30 nautical miles off the coast of Brazoria County, Texas.

After a review by Marad, the Coast Guard, and other cooperating federal agencies, the application is deemed complete and contains information sufficient to initiate processing.

SPOT is proposing to build, own, and...

https://www.workboat.com/news/offshore/deepwater-port-application/