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Russian crude oil exports set for third-quarter drop.
June 19, 2009... MOSCOW -- Despite steady demand for exports, Moscow has scheduled a moderate third-quarter decline in overall crude oil exports through the Transneft crude oil pipeline network. According to the energy ministry's finalized quarterly schedule for crude oil deliveries, shipments through the...

OMI: floating storage falls, onland stocks still flush.
June 16, 2009... WASHINGTON -- The amount of crude in floating storage has decreased now that a narrowing contango has taking away the profit incentive to store, EIB sister publication Oil Market Intelligence notes in its latest monthly report, released on Monday. Even though some crude has been dumped into...

Floating crude oil storage falls, products on the rise.
June 12, 2009... NEW YORK -- Traders have most likely sold up to 30 million barrels out of floating crude storage in May, shipping data show, and more may be on the way in June since it no longer pays to add to crude storage. On the products side, floating storage is growing, however, especially for diesel...

Iraq lifts oil volumes in north, shifts Basrah to Asia.
June 8, 2009... LONDON -- Iraqi State Oil Marketing Organization (Somo) has raised its term contract allocations for exports from the northern Kirkuk streams by nearly 100,000 barrels per day to 587,000 b/d for the second half of 2009, versus the first half of the year. Supply from fields in the north is on...

Asian refiners feel Saudi pricing gives them raw deal.
June 5, 2009... NEW YORK -- Asian refiners, many already facing negative margins, are unhappy with Saudi Arabia's prices for July crude liftings, which effectively lift the cost of their cargoes from state Saudi Aramco by some 40cents per barrel. Saudi July loaders for the Atlantic Basin are going up in...

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