Russians grant new lease of life for shunned jet fuel with blending for cars

© Reuters. A pipe transporting jet fuel offloaded from barges in seen at Kinder Morgan’s Westridge Terminal on Burrard Inlet in Burnaby By Maxim Nazarov MOSCOW (Reuters) – Cancelled flights over the coronavirus-related restrictions have brought down the jet fuel prices, prompting the Russians to blend it with diesel for cars, which may lead to […]

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South Korea Out of Onshore Oil Storage for Third-Party Lease

© Bloomberg. SK Corp. refinery and storage tanks are pictured in Ulsan, South Korea. Photographer: Seokyong Lee/Bloomberg (Bloomberg) — South Korea has run out of oil storage space that can be leased to third-party companies, according to people with knowledge of the matter, as a global glut spurs a scramble for places to store {{8849|crude […]

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Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve

© Reuters. NEW YORK/WASHINGTON (Reuters) – The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the Strategic Petroleum Reserve (SPR), as it tries to comply with President Trump’s directive to fill the facility to capacity, two industry sources said. The SPR has the […]

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