Monday, January 6, 2025
Saudi Arabia may re-route tankers if U.S. imposes crude import ban: sources- oil and gas 360

Saudi Arabia may re-route tankers if U.S. imposes crude import ban: sources

Reuters LONDON/NEW YORK/MOSCOW – Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the Kingdom, shipping and trade sources say. Some 40 million barrels of Saudi oil are on their way to the United States and due to arrive in

The hunt for oil storage space is on — here’s how it works and why it matters-oil and gas 360

The hunt for oil storage space is on — here’s how it works and why it matters

CNBC An unprecedented collapse in U.S. oil prices has prompted energy market participants to reflect on the difficulty and costs of storing crude. At a time when the coronavirus crisis continues to crush global demand, the world is awash with oil and quickly running out of places to put it. It resulted in the May contract for U.S. West Texas