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OPEC heavyweights play down oil price fall
What a difference three months can make. Oil prices were fairly buoyant when OPEC met on June 11, with its crude basket valued at $106.20/barrel and heading towards the $110.48/b...Read More »
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Indonesia's Karimun oil terminal to start-up by Q3 2015
The Indonesian oil storage terminal at Karimun is expected to start-up by
the third quarter of 2015, Douglas van der Wiel, vice president, commercial at
Oiltanking Asia Pacific, said Wednesday, September 17.
The terminal will have an initial capacity of 760,000 cubic meters, but
this could be expanded by 500,000 cu m in phase 1b of the project, Platts had
Of the total tankage, 245,000 cu m will be dedicated to clean products
across 19 tanks, including jet fuel, while the balance of 388,000 cu m
would be for dirty products across 11 tanks.
CCI Corpus Christi export splitter project takes a step forward
CCI Corpus Christi's condensate export splitter project, geared towards
finding a home outside of the US for rapidly growing North American production
of ultra-light, sweet liquids, moved forward Monday after receiving federal
environmental regulatory approval.
OPEC's Badri sees oil prices rising again by year-end
OPEC secretary general Abdalla el-Badri said Tuesday he expected world
oil prices to stage a recovery from two-year lows by the end of this year.