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Gasoline Floats Outside Europe as Traders Bet on Profit Spike
(Thursday, March 23, 2017) Cargoes of floating gasoline are building off the shores of Europe as margins hold near their lowest level seasonally since 2009, traders and market sources told Reuters.

Shell Gets Access to Key Oil Hub in Panama -Sources
(Wednesday, March 22, 2017) Royal Dutch Shell agreed to lease capacity at a large oil terminal in Panama that has been used by U.S. refiner Tesoro Corp, sources involved in the deal told Reuters, gaining much-needed storage for its crude operations.

U.S. Crude Stockpiles at Record High As Imports Surge -EIA
(Wednesday, March 22, 2017) U.S. crude oil stocks rose to a fresh record last week, the Energy Information Administration said on Wednesday, as a surge in imports and rising domestic production more than offset a hike in refinery runs.

Venezuela Indicts Two PDVSA Subcontractors in Jose Port Graft Case
(Tuesday, March 21, 2017) Venezuela has charged the presidents of two subcontractors with corruption for overbilling in equipment sales at the OPEC country's main oil-exporting port, the public prosecutor's office said on Monday.

Indonesia Police Say Interpol Issues Red Notices for 3 Sinopec Execs
(Tuesday, March 21, 2017) Indonesian police said on Tuesday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than $800 million Sinopec oil terminal development in Indonesia.

China Rescues 13 From Burning Oil Tanker In East China Sea
(Monday, March 20, 2017) Chinese authorities rescue 13 people from oil tanker Xinglongzhou 569 that caught fire after a suspected explosion around 5pm on Sunday in the East China Sea.

Beijing, Saudi Arabia Agree to More Oil Cooperation, Exports to China
(Monday, March 20, 2017) The world's largest oil exporter has been looking to cement ties with the world's second-largest economy.

Little New Damage Found As East Libyan Forces Push to Secure Oil Ports
(Friday, March 17, 2017) Es Sider and Ras Lanuf are two of Libya's largest terminals.

Mexico's Pemex Says Explosion at Fuel Storage Facility Injures 8
(Thursday, March 16, 2017) The company said there were no deaths or "severe damages" at the facility, which supplies gasoline to regional buyers.

Mexico to Redo Open Season Energy Auction Hit by 'Problems'
(Thursday, March 16, 2017) Mexico has postponed an auction of part of state oil company Pemex's excess capacity for transport and fuel storage due to "methodological problems", the Energy Regulatory Commission (CRE) and Pemex said in a joint statement late on Wednesday.

Somali Pirates Release Hijacked Ship, Crew Without Ransom
(Thursday, March 16, 2017) Somali pirates released a hijacked oil tanker and its eight Sri Lankan crew on Thursday, a Somali security official and the pirates said, bringing the first hijacking since 2012 to an unusually swift conclusion without the payment of a ransom.

Pirates Demand Ransom For Tanker Seized Off Somalia
(Wednesday, March 15, 2017) Pirates off the coast of Somalia, who hijacked an oil tanker with 8 Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force says.

TransCanada, M2 to Build New Crude Storage Facility in Cushing
(Wednesday, March 15, 2017) The facility will be able to store 6.2 million barrels of crude oil and will be located at TransCanada's terminal in Cushing, M2 said, adding TransCanada will operate the storage.

Saudi Aramco to Resume Oil Product Shipments to Egypt Soon
(Wednesday, March 15, 2017) Saudi Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said on Wednesday, signalling a potential thaw in relations after months of tension.

South Africa's Engen to Ship Gasoil to Singapore in Rare Move -Sources
(Wednesday, March 15, 2017) South African petroleum company Engen is set to export a gasoil cargo to Singapore, according to trade sources and shipping data.

U.S. Oil Stockpile Decline Reverses 9 Weeks of Builds - EIA
(Wednesday, March 15, 2017) U.S. crude stocks fell last week as imports plummeted, dropping after nine consecutive increases, while gasoline and distillate inventories declined more than expected, the Energy Information Administration said on Wednesday.

Somali Pirates Hijack First Commercial Ship Since 2012
(Tuesday, March 14, 2017) Pirates hijack an oil tanker with 8 Sri Lankan crew onboard, a Somali official says.

East Libyan Forces Say They Have Retaken Oil Ports
(Tuesday, March 14, 2017) The claim could not be independently verified, according to Reuters.

Libyan NOC Official Warns of Force Majeure at Oil Ports as Rivals Mobilise
(Monday, March 13, 2017) A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilised fighters in the area.

Canada Oil Dependence on U.S. Loosens in Age of Donald Trump
(Friday, March 10, 2017) Should a tax be imposed on oil exports to the U.S., Canada has few alternative customers for its crude, Kevin Birn, a director at IHS Energy in Calgary, said by phone.

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