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Crude And Refined Oil News

30 Jul 2019

ICE Launches More Marine Futures Contracts

Intercontinental Exchange (ICE), the operator of global exchanges and clearing houses and provider of data and listings services, launched a further nine Marine Fuel 0.5% futures contracts in advance of the implementation of the 0.5% sulfur cap by the International Maritime Organization (IMO) in January 2020.The American company that owns exchanges for financial and commodity markets announced that its new futures contracts expand the existing suite of Marine Fuel contracts launched in February 2019 and will settle against the S&P Global Platts physical Marine Fuel 0.5% assessments.The IMO regulation limits sulfur emissions from shipping bunker fuel…

01 May 2019

Oil Shipments from Georgia's Batumi Port Drop

Oil and oil-related shipments from Georgia's Black Sea port of Batumi dropped 24 percent in the first four months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Wednesday.Shipments of crude oil and refined oil products from Batumi have fallen in recent years, partly because Azerbaijan prefers to send its oil through the Baku-Tbilisi-Ceyhan pipeline or via its own terminal at the Georgian port of Kulevi, rather than from Batumi, which is operated by a Kazakh company.There were no shipments of crude oil, naphtha, jet fuel or vacuum gasoil from Batumi in January-April, the official, who did not want to be identified…

03 Jan 2019

Oil Shipments from Georgia's Batumi Port Drop 51 pct in 2018

Photo: Batumi Sea Port

Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 51.2 percent in 2018 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Thursday.Some crude oil was re-routed to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium last year, the official added, while some fuel oil was sent to the port of Taman in Russia and Georgia's other Black Sea port of Kulevi.The fall in shipments is partly because Azerbaijan prefers to send its oil through the Baku-Tbilisi-Ceyhan pipeline or via its own terminal in Kulevi, rather than from

04 Apr 2018

Jan-March Oil Shipments from Georgia's Batumi Down 54 pct

Batumi Port (© Sergej Ljashenko/ Adobe Stock)

Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 53.7 percent between January and March from a year earlier, an official at the KazMunaiGas-operated terminal said on Wednesday. The official said some volumes of crude oil had been rerouted to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium this year, while some fuel oil had been sent to the port of Taman in Russia and Georgia's other Black Sea port of Kulevi. About ten Batumi terminal…

01 Feb 2018

Oil Shipments From Georgia's Batumi Port Down 34%

© kaetana / Adobe Stock

Oil and related shipments from Georgia's Black Sea port of Batumi in January were down 34 percent from a year earlier, an official at the terminal, operated by Kazakh KazMunaiGas , said on Thursday. The official gave no reason for the fall, but state company KazMunaiGas continued to reroute some shipments to the Baku-Tbilisi-Ceyhan pipeline this year. January shipments of crude oil and refined oil products from Batumi totalled 108,464 million tonnes, down from 164,218 tonnes a year earlier and 221,210 tonnes in December, said the official, who asked not to be identified.

05 Jan 2015

Less Kazakh Crude, Pipeline Impacts Black Sea Liftings

Crude oil and refined oil product shipments from Georgia's Black Sea port of Batumi fell 22.7 percent in 2014 from a year earlier, a senior official at the terminal said on Monday. Bad weather in Kazakhstan, where the oil is produced, lower-than-expected output from the Kashagan oilfield at the beginning of the year and re-routing part of oil shipments to the Baku-Tbilisi Ceyhan pipeline contributed to the decline, said the official, who declined to be identified. The Batumi terminal, operated by Kazakh state energy company KazMunaiGas , shipped 4.355 million tonnes of oil and oil products last year, down from 5.634 million tonnes in 2013. Shipments in December were 441,675 tonnes, down from 457,033 tonnes in December 2013, but up from 423,940 tonnes in November.

03 Nov 2014

Batumi Oil Liftings Down 25 pct YTD

Crude oil and refined product shipments from Georgia's Black Sea port of Batumi were down 24.6 percent in the first 10 months of the year from a year earlier, a senior official at the terminal said on Monday. Bad weather in Kazakhstan, where the oil is produced, and lower-than-expected output from the Kashagan oilfield at the beginning of the year contributed to the decline, said the official, who declined to be identified. The Batumi terminal, operated by Kazakh state energy company KazMunaiGas , shipped 3.490 million tonnes of oil and oil products during the 10 months, down from 4.631 million tonnes in the same period of 2013. Shipments in October were 266,791 tonnes, down from 612,751 in October 2013 and from 403,435 in September this year.

12 Dec 2013

New Car Terminal at Marseilles Fos Port

Photo: Marseille Fos

Following a call for tenders in November last year, the Marseilles Fos port authority has chosen automotive logistics specialist TEA – part of the Charles Andre transport group - to develop and operate an import/export terminal for new cars at the Brule-Tabac quay in Fos. The decision was announced during a review of the port’s first five years under a revised management structure decreed by the French government in 2008. This established three governing bodies – the executive, supervisory and development boards – which are about to be renewed after completing their 2009-2013 terms of office.

14 May 2013

Statoil: ESA Conducts Inspection

Photo: Statoil

Statoil's office in Stavanger is subject to an inspection visit by the EFTA Surveillance Authority (ESA), assisted by the Norwegian Competition Authority (Konkurransetilsynet). The inspection is carried out on request of the European Commission. Statoil is cooperating with the authorities in their inspection. The authorities suspect participation by several companies, including Statoil, in anticompetitive agreements and/or concerted practices contrary to Article 53 of the EEA Agreement.

07 Apr 2000

Analysts Say Planned Ban Could Put Oil Supply At Risk

European plans drawn up in the wake of the Erika accident to crack down on aging tankers could endanger shippers' ability to supply oil to the continent, shipping analysts said. Detailed plans put to European Union transport ministers last week were stiffer than early outline proposals, they said. "Europe may not be able to guarantee oil supply because it has suddenly moved the goalposts," one tanker analyst who asked not to be identified said. The EU proposals demand that all single hull crude tankers above 20,000 deadweight tons and product carriers over 30,000 dwt should not be able to enter European ports after January 1, 2010. In February the EU issued outline proposals indicating it would follow the U.S.

03 Apr 2000

Planned Tanker Ban Could Put European Oil Supply At Risk

European plans drawn up in the wake of the Erika accident to crack down on aging tankers could endanger shippers' ability to supply oil to the continent, shipping analysts said. Detailed plans put to European Union transport ministers last week were stiffer than early outline proposals, they said. The EU proposals demand that all single hull crude tankers above 20,000 deadweight tons and product carriers over 30,000 dwt should not be able to enter European ports after January 1, 2010. Although the EU said in February that it would follow the U.S. Oil Pollution Act (OPA), enacted in 1990, and give operators until 2015 to upgrade their fleets to double-hulled vessels, European plans have now opted for a cutoff five years earlier than the American laws.

09 Jun 2006

Tanker Named in Stockholm

Concordia Maritime's Swedish-flagged product tanker Stena Primorsk, the third P-MAX tankers in a series of eight, will be named on 9 June. The total investment for the eight vessels amounts to SEK 2.4 billion. Transport economy, flexibility and further raising the safety level have guided the development work involving the P-MAX concept. The Stena Primorsk will transport mainly refined petroleum products on the Baltic Sea. The Stena Primorsk left the Brodosplit shipyard in Split, Croatia, on 10 May and arrived in Stockholm yesterday and is now moored in the Sound, below the Royal Palace, where she will stay until the afternoon of 10 June. With its exceptionally wide hull, the vessel can transport about 30% more cargo than a conventional product tanker, and at practically no extra cost.