Scrubbers under scrutiny by maritime industry as IMO 2020 nears
Looming regulations capping marine fuel sulfur have benefited manufacturers of scrubbers, but this solution is now being viewed with a more critical eye.
Crude inventories fall; U.S. loses net petroleum exporter status
The United States' new status as a net petroleum exporter only lasted for a week at the end of November.
U.S. shale becomes oil industry's safe haven as prices languish
Big Oil is investing more in U.S. shale, not less, after the recent tumble in crude prices.
Panama Canal Welcomes 5,000th Neopanamax Transit
The Panama Canal welcomed its 5,000th Neopanamax vessel through the waterway on Monday.
Reverse-Lightering Crude Oil Supertankers Along the Gulf Coast
There’s a reason why more than half a dozen midstream companies and joint ventures are clamoring to build deepwater loading terminals on the Gulf of Mexico: because it’s a major pain to load Very Large Crude Carriers (VLCCs) any other way. These days, the standard operating procedure for loading the vast majority of VLCCs along the Gulf Coast involves a complex, time-consuming
The Latest: OPEC backs 6-month oil production cut package
VIENNA (AP) — The Latest on the OPEC oil meeting (all times local): 5:05 p.m. OPEC's president says the oil cartel in conjunction with non-OPEC producers including Russia have agreed to cut oil production by 1.2 million barrels a day in January for six months. Suhail Mohamed al-Mazrouei, who is also the United Arab Emirates' energy minister, said at the conclusion of a two-day meeting in Vienna, that the reduction is a "major step forward." OPEC countries, including Saudi Arabia and the UAE, will cut production by 800,000 barrels a day while non-OPEC countries will trim 400,000. Oil producers have been under pressure to reduce production following a sharp fall in oil prices over the past…