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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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Nigeria's Aug oil revenue dips to $3 bil on output, export disruptions
Nigeria's oil revenue declined further to Naira 481.3 billion ($3
billion) in August from Naira 483.5 billion in July due to disruptions to
crude production and a force majeure declared by Shell, the finance ministry
said late Tuesday.
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.