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British North Sea crude can be used as low-sulfur ship fuel

Crude oil from a field in the British North Sea contains so little sulfur that it can almost be used directly as ship fuel complying with the new global sulfur requirements that take effect next year. Major tanker company has bought the first shipment.

Authorities: Detained tanker is full of crude oil

Local authorities in Gibraltar now establish that tanker vessel Grace 1 is loaded with crude oil, writes Reuters. The vessel is being detained in Gibraltar on suspicions that it was heading to Syria.

Trafigura to build large oil terminal in Texas

Swiss-based commodity trader Trafigura has filed for permission to build a terminal in Texas which can be used by the largest oil tanker vessels. The project will facilitate the growing export of US crude oil.

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