John-Laurent Tronche
Managing editor, Americas crude oil 
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September 25, 2018 06:00 UTC 
(1)
Refiners Valero and Shell both imported foreign crude at the US’ Louisiana Offshore Oil Port terminal this month, a rare move for the former in 2018 and an even less frequent move for Shell, according to US Customs and S&P Global Platts Analytics data. Valero imported 1.448 million barrels of 29.8 API Basrah Light into LOOP on the tanker British Vantage on September 14, Valero’s first crude import at the terminal since January. |
Eric Yep
Senior Editor, ASEAN Content
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August 10, 2018 07:45 UTC
(7)
On June 1, sometime between the US withdrawal from the JCPOA in early May, and its demand in late June that Asian buyers fully halt Iranian oil purchases, PetroChina snuck in a shipment of Iranian crude through Myanmar to its Yunnan Petrochemical refinery in southern China. On any other route, this would have been just another Iranian oil shipment. But using the Myanmar-China oil and gas pipeline brings new complications. |
Laura Huchzermeyer
Managing editor, Americas crude
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June 5, 2018 05:01 UTC
(0)
LOOP Sour crude became heavier and sweeter in May, with an average API gravity of 29.7 degrees and typical sulfur content of 2.8%. The crude’s minimum-maximum API gravity range was 29.5-30 degrees, while sulfur content ranged from 2.3%-2.9%, according to data from the Louisiana Offshore Oil Port. |
Mary Hogan and Maria Eugenia Garcia
Editors
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May 30, 2018 05:01 UTC
(1)
The Louisiana Offshore Oil Port has received two cargoes of Escalante crude, a heavy sweet Argentinian grade, so far in May, US Customs data showed. The cargoes appear to be the oil terminal’s first such imports from that region in recent history. |
John-Laurent Tronche and Pat Harrington
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May 22, 2018 04:01 UTC
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The Louisiana Offshore Oil Port last week received a cargo of Western Canadian crude, the heavy sour grade Access Western Blend, which appears to be the oil terminal’s first import from that region in recent history. Marathon imported last week about 579,000 barrels of 24.1 API Access Western Blend on the 109,000 mt Aframax tanker Seavoyager, which originally sailed from Vancouver, according to US Customs and Platts Analytics data. › Continue Reading |
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John-Laurent Tronche
Managing editor, Americas crude oil
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May 15, 2018 04:01 UTC
(0)
US crude imports into the Louisiana Offshore Oil Port appear to be on an upswing in May alongside the recent increase in regional sour crude prices. About 3.95 million barrels of crude was imported into LOOP in the first decade of May, or roughly 395,000 b/d, according to the most-recent US Customs Bureau and S&P Global Platts Analytics data, compared with an average of 327,000 b/d in the first four months of 2018. |
Mary Hogan
Associate editor, Americas crude
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April 17, 2018 05:01 UTC
(0)
Imports of Iraqi Basrah Light crude into the Louisiana Offshore Oil Port so far in April have risen by more than 4.4 million barrels from the same period in March, according to data from Platts Analytics and US Customs. In the first half of April, 4.937 million barrels of Basrah Light were imported into Morgan City, Louisiana, the delivery point for LOOP. This represents more than double the amount of the grade imported into LOOP for all of March, which had a total import level of 2.027 million barrels. In the first half of March, only 525,000 barrels were imported in Morgan City. |
Ross McCracken
Managing editor, Energy Economist
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November 13, 2017 04:01 UTC
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Ever closer relations between Saudi Arabia and Russia, the world’s two largest oil exporters, look like a nightmare for China, the world’s largest oil importer. However, as the originator of demand in a world where peak oil consumption hovers on the horizon, it is Beijing that ultimately holds the whip hand. |
Meghan Gordon
Senior writer, oil
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February 1, 2017 05:01 UTC
(3)
The wave of fourth-quarter 2016 earnings calls is just getting started, but tax reform already seems to be the topic du jour for oil and gas companies. Analysts have been asking executives how they’re preparing for a potentially drastic overhaul in the US corporate tax code. |
Brian Scheid
Senior editor, oil news
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October 24, 2016 04:30 UTC
(1)
The recent invitation by OPEC for US officials to join in production freeze talks is clearly a nod to the production powerhouse Americas has become as a result of the shale revolution. But it wasn’t always that way. Just ask former US Energy Secretary Bill Richardson, who, 16 years ago, was the point person in talks with Saudi Arabia to boost production, which would keep US gasoline prices stable. |
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