Louisiana Offshore Oil Port News
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Charter rates for the largest oil tankers hauling Middle East crude to the U.S. climbed after stronger demand drew vessels to Asia, according to shipbroker Braemar Seascope Ltd.
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The Louisiana Offshore Oil Port, the largest waterborne petroleum import terminal in the U.S., has begun to receive tankers of domestic crude as well.
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Crews trying to corral a spreading oil spill in the Gulf of Mexico are expected to have good weather at least until the middle of next week, a forecaster said.
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The Louisiana Offshore Oil Port, the U.S.’s largest point of entry for foreign crude, is receiving an increasing amount of domestic oil shipped by tanker and is taking steps to accept more in the future.
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The growing oil slick fed by an underwater leak in a BP Plc well in the Gulf of Mexico may threaten production, shipping and refining of oil and natural gas in Mississippi, Alabama, and Louisiana.
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The Louisiana Offshore Oil Port, the single largest entry point for crude coming into the U.S., plans to suspend offloading oil tankers tomorrow afternoon as Tropical Storm Isaac moves through the Gulf of Mexico.
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Hurricane Isaac was downgraded to a tropical storm as it weakened over Louisiana, where it will linger with heavy wind-driven rain for two days while easing the threat to offshore energy production.
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Hurricane Isaac will linger over Louisiana with heavy wind-driven rain for two days while reducing the threat to offshore energy production.
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Oil climbed the most in a week and gasoline rose to the highest in almost four months as Tropical Storm Isaac strengthened, crimping output in the Gulf of Mexico, and a fire in Venezuela shut part of the world’s No. 2 refinery.
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Tropical Storm Isaac’s threat to offshore energy production in the Gulf of Mexico eased as the weather system weakened while still dumping rain and producing storm surges over Louisiana. Forecasters expect it to become a tropical depression later today.
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