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Forties Pipeline System

Oil prices posted their strongest start to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. more

Refining/Petrochemical

Britain’s biggest and most important oil and gas pipeline Forties should resume normal flows around the new year, slightly earlier than previously flagged, its operator Ineos said... more

Pipeline/Transportation

The loading dates of Forties oil cargoes, which help set the global Brent benchmark, have been delayed by at least two weeks and further hold-ups are likely, trade sources said, following the unplanned closure of the North Sea Forties pipeline. more

Pipeline/Transportation

Oil prices were mixed on Friday, lingering below two-year highs as the continuing outage of a North Sea pipeline gave support, while climbing U.S. output and weak gasoline demand kept a lid on gains. more

Refining/Petrochemical

Oil prices came under pressure on Thursday after the International Energy Agency (IEA) increased its forecast for growth in U.S. oil output next year, raising the prospect of excess supply. more

Drilling & Exploration

The shutdown of Britain’s largest crude oil pipeline is an early Christmas gift to U.S. exporters shipping to Asia, and a complication for Middle Eastern and African producers seeking to maintain market share in the world’s top importing region. more

Pipeline/Transportation

Britain’s largest oil pipeline could shut down for weeks for unscheduled repair work, sending the price of crude to new two-year highs and triggering a steep rally in natural gas prices, just as a cold snap sweeps the country. more

Pipeline/Transportation

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