Edition:
United Kingdom

Collin Eaton

Carlyle Group quits $1 billion U.S. oil export project

18 Oct 2019

HOUSTON Carlyle Group said on Friday it had dropped out as a stakeholder in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas.

Exxon, Trafigura tap lower shipping rates as U.S.-Asia arb reopens

18 Oct 2019

HOUSTON U.S. crude exports to Asia, which have slumped due to record freight costs, stirred on Thursday as rates slid and the premium in Asia for Russia's ESPO Blend oil sent buyers back to U.S. grades, according to market sources.

Oil rises on hopes OPEC will extend supply cuts, weaker U.S. dollar

16 Oct 2019

HOUSTON Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.

U.S.-Asia oil shipping rates slip from record highs as tanker fears ease

15 Oct 2019

HOUSTON/NEW YORK/LONDON Freight rates to ship U.S. crude to Asia eased on Tuesday from record levels as the shock of a global tanker shortage due to U.S. sanctions on a Chinese firm began to fade, according to market sources.

U.S.-Asia oil shipping rates slip from record highs as tanker fears ease

15 Oct 2019

HOUSTON/NEW YORK/LONDON, Oct 15 Freight rates to ship U.S. crude to Asia eased on Tuesday from record levels as the shock of a global tanker shortage due to U.S. sanctions on a Chinese firm began to fade, according to market sources.

Oil producers, refiners face surging global freight rates after U.S. sanctions

11 Oct 2019

HOUSTON/NEW YORK/LONDON Rates to charter oil tankers from the Arab Gulf, United Kingdom and the U.S. Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of U.S. sanctions on units of Chinese giant COSCO.

Oil producers, refiners grapple with surging global freight rates after U.S. sanctions

11 Oct 2019

HOUSTON/NEW YORK/LONDON, Oct 11 Rates to charter oil tankers from the Arab Gulf, United Kingdom and the U.S. Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of U.S. sanctions on units of Chinese giant COSCO.

More oil traders, vessel operators shun links to Venezuela's oil

10 Oct 2019

MEXICO CITY/HOUSTON More vessel operators and energy firms are shunning Venezuelan oil and the tankers that have carried it, according to brokers and traders familiar with the matter.

More oil traders, vessel operators shun links to Venezuela's oil

10 Oct 2019

MEXICO CITY/HOUSTON, Oct 10 More vessel operators and energy firms are shunning Venezuelan oil and the tankers that have carried it, according to brokers and traders familiar with the matter.

UPDATE 1-China's Unipec bans use of oil tankers linked to Venezuela -sources

10 Oct 2019

NEW YORK/HOUSTON, Oct 10 China's Unipec, the trading arm of Asia's top oil refiner Sinopec, has banned the use of vessels linked to oil flows from Venezuela in the last year, according to sources familiar with the matter and a contract clause seen by Reuters on Thursday.

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