Storage

Asia oil floating storage seen declining on lower exports, China buying

The volume of oil stored on board ships in Asian waters, which has tripled since September to a 3-yr high, is poised to decline as producers of sanctioned oil slow exports and Chinese refiners ramp up buying.

EIA: U.S. crude stocks fall, fuel inventories rise on robust refining

U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week amid strong refining activity, the Energy Information Administration said on Wednesday.

Chinese refiners buy oil from storage, raise output with fresh import quota

Stocks have built up in recent months after the refiners, known as teapots and mostly based in eastern Shandong province, ran out of import quota in October.

EIA: U.S. crude and fuel inventories climb, refining activity picks up

Crude inventories rose by 574,000 bbl to 427.5 MMbbl in the week ended November 28, the EIA said, compared with analysts' expectations in a poll for an 821,000-bbl draw.

EIA: U.S. crude stocks fall on higher demand, fuel inventories rise

U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week.

Emerson’s new tank monitoring hub optimizes inventory management and operational efficiency

The insights provided by the hub help to optimize inventory management, leading to improved decision-making, increased operational efficiency and reduced costs.

Ottco and Royal Vopak sign strategic agreement to establish a JV in the special economic zone at Duqm

EIA: U.S. crude, fuel inventories fall on robust refining and demand

U.S. crude oil, gasoline and distillate inventories fell last week as refining activity and demand strengthened, the U.S. Energy Information Administration (EIA) said.

OCI Global and VICTROL partner to develop refrigerated clean ammonia bunkering supply chain in the Netherlands and Belgium

This strategic collaboration marks an important step in accelerating the decarbonization of the maritime industry.

Keppel-led consortium appointed for next phase of study for Singapore’s first low-carbon ammonia power generation and bunkering solution

The consortium will proceed to undertake a FEED study across the entire value chain, for a 55 MW–65 MW ammonia power plant, terminal infrastructure and bunkering solutions, laying the foundations for a potential final investment decision.