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Oil Exports

White House: No Change in Crude Oil Exports Regulations

Josh Earnest (White House photo)

The White House said on Tuesday there has been no change in the U.S. ban on crude oil exports, responding to a question about whether an impending change might be behind price moves in oil markets.   "There has been no change in regulations regarding crude oil exports," White House spokesman Josh Earnest said, noting the Commerce Department was in charge of export regulations.   "I'm not going to speculate about any sort of policy change that may or may not be contemplated at this point," Earnest said.     (Reporting by Roberta Rampton; Editing by Doina Chiacu)


US House Energy Chairman Supports Lifting Oil Export Ban

U.S. Representative Fred Upton, the Republican chairman of the House of Representatives' energy panel, on Tuesday said he favors lifting the 40-year-old U.S. oil export ban.   "Oil exports can be a win for the American people and a win for our allies," Upton said. His backing could boost support for a bill in the House to overturn the trade restriction Congress enacted in the 1970s after the Arab oil embargo. The measure currently has 40 co-sponsors.    


Libyan Oil Port Re-Opening Delayed

Technical problems have delayed the reopening of Libya's eastern Zueitina oil export terminal after the government reached a deal with rebels to end an eight-month blockade of the port, a minister said on Sunday. Two weeks ago, the Tripoli government reached an agreement with rebels in the restive east to end their occupation of four oil ports which had halted vital exports. Under the plan, the Hariga and Zueitina ports were due to open immediately while the larger Ras Lanuf and Es Sider


US Should Lift Crude Oil Export Ban - Washington Post

The United States should lift its nearly four-decade ban on crude oil exports to help encourage domestic production, the Washington Post said in an editorial on Thursday. Booming shale oil production has led to an intense debate over the moratorium, which was imposed by Congress in 1975 in the wake of the Arab oil embargo. Allowing crude oil exports would help address a mismatch between rising light crude output from U.S


GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.S. Maritime Trade -- are gaining steam. A new report from the Government Accounting Office (GAO) will surely add fuel to the "export oil" fire now, as GAO reports that U.S. consumers could save on gasoline if the ban on crude oil exports were lifted, even if such a move creates uncertain environmental risks


Russia: 2014 Crude Exports Down 4.3 pct

Novak says Russian oil output to rise 0.6 pct in 2014; Natural gas production seen down 4 pct this year. Russia's oil exports are expected to fall by 4.3 percent this year, Energy Minister Alexander Novak said on Tuesday, citing preliminary data. He said oil exports will be 229 million tonnes (4.6 million barrels per day), while natural gas production will fall by 4 percent to 641 billion cubic metres (bcm) and exports by 6.7 percent to 183.3 bcm.


Crude Flows Again At Ceyhan

Iraqi crude oil exports were flowing again at the Turkish port of Ceyhan, where the second vessel this year was finishing lifting and three new cargoes were expected to turn up soon, industry sources said. The sources said the Marina M, which recently replaced the earlier chartered Seadancer, has just about finished lifting one million barrels of Kirkuk crude and the two million barrel Amazon Falcon is already berthed and waiting


Libyan Port's Oil Exports Halted by Protesters

 Zueitina oil terminal: Photo courtesy of Zueitina Oil Company

Protesters demanding jobs closed off the eastern Libyan port of Zueitina for a sixth day, extending a halt in oil exports, according to a senior oil industry source and to one of the demonstrators, as cited by Reuters. Roughly a dozen men last Tuesday evening forced their way into the port, just hours after Zueitina Oil Company workers had temporarily suspended a strike and resumed production at oilfields that pump to the terminal.


Libyan Rebel Leader: Govt Has Not Fulfilled Deal to Reopen Ports

A rebel group controlling two large oil export ports in eastern Libya said on Wednesday the government had not fulfilled its part of an agreement to reopen the ports. Abd-Rabbo al-Barassi, self-declared prime minister of the group, also told a pro-rebel television station it refused to deal with new Prime Minister Ahmed Maiteeq. (Reporting by Ulf Laessing; Editing by Andrew Roche)


Kuwait to Boost Oil Exports to China

State-run Kuwait Petroleum Corporation (KPC) and China’s Unipec signed a landmark deal yesterday that will almost double crude oil deliveries over a decade, the biggest-ever contract in KPC’s history..jpg

  Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said Saturday. On Monday, Kuwait concluded a new 10-year deal with a China's Sinopec Corp to nearly double its supplies by offering to ship the oil and sell it on a more competitive cost-and-freight basis. "With new and mutual cooperation between the two parties


EIA to Sharpen US Weekly Oil Numbers with Real-time Export Data

The U.S. Energy Information Administration (EIA) has been granted access to real-time oil export information for the first time, allowing it to improve weekly estimates of fuel demand at a time of intensifying scrutiny of energy data.  


Russia to Cut Pipeline Oil Exports, Oil Transit

Photo: Novorossiisk Commercial Sea Port

Russia plans to cut oil exports by pipeline and oil transit by 0.6 percent to 52.5 million tonnes in the third quarter, quarter-on-quarter, trade sources citing a loading schedule said on Tuesday. The sources, who spoke on condition of anonymity


ICS: U.S. Approach to LNG 'Protectionist'

The International Chamber of Shipping Represents the Worlds shipowners at IMO Photo ICS

According to the Internatinal Chamber of Shipping, the United States Congress signaled last week its intention to approve major free trade deals with Asia and Europe. ICS voices serious concern about the potentially protectionist approach being taken by the U.S


US Refiners' Group Wants Wide Debate on Oil Exports

The U.S. oil refining industry's association is not opposed to lifting the country's 40-year-old ban on crude exports as long as the move is part of a bigger effort to lower barriers to trade, the group's new head said on Tuesday.   "We're not opposed to lifting the export ban


Kenya to Start Work on New Northern Seaport

Kenya will start construction work next month on a long-delayed new port to be built on its northern coast, next to the historic trading town of Lamu, the presidency announced on Monday. The Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) project is intended to include a port, new roads


Iran War Games Target Mock-up U.S. Ship

Iran's elite Revolutionary Guards staged war games in the Strait of Hormuz on Wednesday, including a gunboat attack on a model U.S. warship, in Tehran's latest display of military muscle in a Gulf shipping channel vital to world oil exports.


Amid Yemen Chaos, China Lifts More Oil

China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. The 2 million barrel Very Large Crude Carrier (VLCC), Tai Hung San


Tanker Backlog Builds at Basra

Ships face up to a three week wait; bad weather in February delayed loading, created backlog. * April intake to be reduced to clear backlog By Keith Wallis SINGAPORE, April 1 (Reuters) - A backlog of over 30 oil tankers has built up outside the Iraqi port of Basra and shippers face


Azeri Light Oil Exports Set to Rise in May

Azeri light oil exports via the Turkish port of Ceyhan are set to rise to 735,000 barrels per day (bpd) in May, compared with 703,000 bpd in April, according to a preliminary loading programme released on Wednesday.     (Reporting by Gleb Gorodyankin; Editing by Alexander


British Columbia: Oil Spill Response shows Unprepared for More Tankers

Image Courtesy of Seaside Signs

   British Columbian officials on Friday criticized the Canadian government's response to an oil spill in the waters around Vancouver, calling into question plans for new crude oil export pipelines in the Pacific Coast province.


Push to Axe US Crude Export Ban Strengthens in House

Lawmakers in the House of Representatives who are trying to end the decades-old ban on U.S. crude oil exports said on Thursday they were gaining support after a Democrat joined the Republican-led effort.   Representative Henry Cuellar became the first Democrat to sign on to a bill launched


US Sen. Murkowski Plans Bill to Kill Oil Export Ban

U.S. Senator Lisa Murkowski

U.S. Senator Lisa Murkowski said on Thursday she will unveil a bill next week to reverse the U.S. oil export ban in an effort to build support for killing the 1970s-era restriction that drillers say threatens to choke the domestic energy boom.  


Tanker Demand Picks-up in Canada

Graph: Gibson tanker report

 Canada’s role in the oil industry has changed dramatically in recent years driven by synthetic crude oil production in the oil sands of Alberta.   New plans for Energy East, a cross-Canada West to East pipeline with a capacity of 1


Lifting of US Crude Oil Export Ban Possible within Year

  The U.S. Congress could lift the 40-year old ban on domestic crude oil exports within a year as a drop in gasoline prices and the potential return of Iranian oil to global markets makes it an easier measure for politicians to support, Bank of America Merrill Lynch analysts said on Thursday


Azeri SOCAR's Oil Shipments via Russia Up 40 pct

Azerbaijan's SOCAR shipped 593,449 tonnes of oil via Russia in the first five months of 2015, up from 423,644 tonnes in the same period last year, the state energy company said on Friday. SOCAR said in January it had signed a one-year contract with Russian oil pipeline operator Transneft to






 
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