Showing posts with label tankers. Show all posts
Showing posts with label tankers. Show all posts
Monday, December 23, 2013

Kinder Morgan Announces Acquisition of Jones Act Shipping Tankers

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Kinder Morgan Energy Partners , ( NYSE: KMP ) today announced it has entered into a definitive agreement to acquire American Petroleum Tan...
Sunday, April 22, 2012

Crude Oil Trades Near Three Days Highs on U.S. Economic Outlook

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Crude oil traded near the highest close in three days before reports that may show a strengthening of the economy in the U.S., the world’s b...
Wednesday, January 4, 2012

EIA: The Strait of Hormuz is the World's Most Important oil Transit Choke Point

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The Strait of Hormuz (shown in the oval on the map), which is located between Oman and Iran , connects the Persian Gulf with the Gulf of O...
Friday, February 5, 2010

Goldman: Oil Will Get Expensive Now That The Tankers Are Done Hoarding It

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Goldman's David Greely is making a near-term bullish case for oil. His optimism is driven by A) The strong U.S. ISM Manufacturing data w...
Monday, February 1, 2010

Traders Ditching Oil Hoarded At Sea As Market Tightens

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The amount of oil held in tankers at sea has halved from its April 2009 peak of 90 million barrels according to ship broker ICAP. Given that...
Monday, December 28, 2009

Tanker Glut Signals 25% Freight Decline as 26 Miles of Ships Meet Demand

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A 26 mile long line of idled oil tankers, enough to blockade the English Channel, may signal a 25 percent slump in freight rates next year. ...
Thursday, May 28, 2009

Barron's Ranks Energy Companies, OPEC Holds Quotas, Tanker Cancellations

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"OPEC Holds Production Quotas Steady, Predicting Demand Recovery" OPEC decided to keep production quotas unchanged a meeting today...