Port closures could temporarily halt crude oil exports, shipments of crude oil to refineries and motor fuels from those plants.
The U.S. Energy Information Administration reported a 12.2 million draw in the country's crude oil barrels in storage last week.
MOGAS said the contract is part of S-Oil backer Aramco's largest investment in South Korea.
BPX Energy CEO Kyle Koontz discusses the company’s role as the “nimble entrepreneurial” arm of supermajor BP in the Permian Basin and Haynesville and Eagle Ford shales.
Stratas Advisors expects price movements in the coming week to be dampened because of economic and political uncertainty.
The producers the committee is probing include Exxon Mobil, Chevron, ConocoPhillips and 14 others.
Trafigura has bought seven cargoes since June 21 and Gunvor bought Forties and WTI cargoes on June 24.
The Permian Basin’s natural gas growth leads to record surge in U.S. energy supplies.
Houston-based Talos Energy and its Block 7 consortium partners could make FID on the Zama field development sometime in the next year. But despite the importance placed on the project to secure energy security for Mexico, the consortium continues to run into headwinds.
Martin Midstream says it lost approximately 2,000 bbl of crude from its transfer line, which connects the company’s Sandyland Terminal to the Smackover Refinery in Union County, Arkansas.