HOUSTON--(BUSINESS WIRE)--Liquids terminaling and logistics provider Moda Midstream, LLC (“Moda”) today announced it has successfully commissioned upgrades to Berth 2A at the Moda Ingleside Energy ...

One VLCC can hold the equivalent of nearly one-fifth of daily US oil production. Enterprise Products Partners L.P. (EPD) on Tuesday unveiled plans to develop an offshore crude oil export terminal ...

Consultant: VLCC rates have resumed their climb Tanker rates for very large crude carriers (VLCC; larger than 220,000 dwt) trading internationally fell precipitously at yearend 2004 to $35,000/day, ...

An extended low freight environment seen in the global VLCC, or Very Large Crude Carrier, market amid the coronavirus pandemic has left historical freight differentials for Americas-loading VLCCs in ...

Magellan Midstream Partners may try to build its own crude oil export terminal capable of loading some of the world's largest tankers on the same island where a similar project is moving forward. The ...

The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab ...

PetroChina and Indian Oil struggle to secure tankers for Iraqi crude amid rising shipping costs and geopolitical tensions.

There were two pieces of news last week that will bring opposing forces to bear on the oil market. The first is that the Russian government has ratified the Kyoto Accord on the reduction of greenhouse ...

PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find ...