Oil Jumps As Record-High Crude Exports Signal Rising Demand
10.27.2022 By TankTerminals.com - NEWS

October 27, 2022 [Bloomberg] – Oil rallied after the US exported a record amount of crude and fuel last week, offering some upside clarity to a demand outlook recently dominated by economic concerns.

 

West Texas Intermediate futures rose more than 3%, the most in a week, to settle near $88 a barrel. Total US petroleum exports reached 11.4 million barrels a day last week, according to the Energy Information Administration. The fuel outlook tightened as gasoline stockpiles fell and diesel inventories on the East Coast, already precariously low, sank further. A smaller-than-expected 2.59 million barrel build in crude inventories was largely brushed off by markets that honed in on the high export figure.

Book a demo to see how to offer, bid and book tank capacity globally. Quick and easy.

The Vopak Pacific Canada Project Has Reached a Significant Project Milestone
11.29.2022 - NEWS
November 29, 2022 [Tank Store Mag] – The Vopak Pacific Canada project has reached a significant... Read More
MISC, Japanese and Chinese Partners Scoop QatarEnergy LNG Prize
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Latest package of newbuild carriers will be constructed by Hudo... Read More
Port Arthur LNG Project Sanction Expected In Early 2023, Says Sempra
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Texas gas liquefaction facility was granted a 50-month extensio... Read More
JBIC and Woodside Move On New LNG Supply to Japan
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Australia’s Woodside Energy has teamed up with the Japan Bank... Read More