Energy News | Consilience Energy Advisory Group

South Korea turns to cheap spot crudes as glut grows

July 3, 2015
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By hellenicshippingnews Refiners in South Korea, the world’s fifth-largest crude oil importer, have stepped up spot purchases this year, buying at prices depressed by an oil glut as they run their plants at high rates to catch strong processing margins. With the Organization of the Petroleum […]

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Asia oil refining margins hit 2015 low, Mideast supply to drag

July 2, 2015
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* Refining margins to drop 20-30 percent in Q3 -consultancies

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Source:: Reuters UK Natural Resources […]

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Remember All That Oil in Storage? Here It Comes

July 2, 2015
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By hellenicshippingnews Refineries around the world are using more crude oil. To get the cheapest supplies around, they don’t have to look any further than their own storage tanks. When a global glut of crude oil sent prices plunging to near-six-year lows in the first […]

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Calling Oil Lawyers- There is Something Fishy about Bills of Lading!

July 1, 2015
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At last! An answer of sorts to a question that has been bothering me for more than thirty years: where does title to a cargo of oil pass from seller to buyer on a CIF or CFR deal? Don’t nod off yet before you have read a […]

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