US independent Hess has chartered three very large crude carriers (VLCCs) to store 6mn bl of its Bakken crude as US land-based storage nears capacity, chief executive John Hess said today.
News ID: 9366 Publish Date : 2020/05/07
US Gulf coast heating oil prices have sunk to deep discounts to an intermediate grade for which it can potentially substitute. But prices are not rebalancing based on interchangeability, because refiners are focused on cutting gasoline production.
News ID: 9269 Publish Date : 2020/04/29
The once reliable gasoline arbitrage between the US Gulf coast and New York Harbor could see more volatility in 2020 as New York Harbor is increasingly supplied by imports from Europe.
News ID: 8116 Publish Date : 2019/12/27