Dana Petroleum News

 

US Targets China Oil Storage Terminal in Iran-Related Sanctions

Apr 10, 2025

The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before direct talks between the U.S. and Iran.The sanctions came after Secretary of State Marco Rubio said the U.S. will hold direct talks with Iran on Saturday in Oman. President Donald Trump said on Monday that Iran would be in 'great danger' if the talks were unsuccessful…

Panama Canal Vessel Transits Increase to 34 Per Day in April

May 12, 2025

The number of vessels that passed through the Panama Canal rose to an average of 34 per day for a total of 1,021 transits last month, from an average of 33.7 per day in March, according to a bulletin published by the waterway's authority.In the first four months of 2025…

Nigeria’s Refining Revolution is Reshaping West Africa’s Energy Landscape

Mar 26, 2025

The launch of the Dangote Refinery near the Port of Lagos presents an exciting opportunity to transform the energy and shipping markets in West Africa. And it stands to boost Nigeria’s role as an influential player in the global oil industry…

Saudi Oil To China Expected to Drop in April

Mar 13, 2025

Saudi Arabia's crude oil shipments to its biggest customer, China, are expected to drop to their lowest level in more than a year in April, trade sources said on Thursday, partly due to maintenance programmes at Chinese refineries owned by Sinopec…

Port Everglades Boosts Throughput

Feb 05, 2025

Cargo tonnage and container throughput are up at Florida’s Port Everglades with a double-digit growth during the first quarter of fiscal year 2025 (Oct. 1 to Dec. 31, 2024).The port's total container throughput in TEUs is up by 12% to 285,335 TEUs compared to 255…

Oil Falls After Tariffs Pause

Feb 03, 2025

Oil prices retreated on Tuesday after U.S. President Donald Trump agreed to hold off imposing steep tariffs on Mexico and Canada, the two biggest foreign oil suppliers to the United States, for a month.Brent futures LCOc1 fell 41 cents, or 0…

Tanco adds $8.2 million to IA Port Investments

Dec 17, 2024

Tanco Terminals is constructing a $8.2 million expansion of its liquid tank farm at Ports of Indiana-Burns Harbor to support growth in Lake Michigan shipments. Tanco is a third-generation, family-owned business operated at the port since 1977…

US Deepens Sanctions on Iran's 'shadow' Tankers

Dec 03, 2024

The Biden administration on Tuesday ramped up its sanctions on Iran, targeting 35 entities and vessels that it said transported illicit Iranian petroleum to foreign markets as part of what the U.S. Treasury Department called Tehran's 'shadow fleet…

Trump 25% Tariff Plan Includes Oil Imports

Nov 26, 2024

U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security…

Port Everglades Celebrates Banner Year

Nov 18, 2024

Preliminary fiscal year-end figures show Port Everglades enjoying healthy increases in cruise, cargo and petroleum volumes resulting in record revenues.'Port Everglades is one of Broward County's vital economic engines, which supports more than 11…

LPG ‘Pre-fit’ Option for WinGD X-DF-A

Oct 16, 2024

WinGD introduced an option for its X-DF-A ammonia-fuelled engines to be delivered capable of running on liquified petroleum gas (LPG), a ‘pre-fit’ solution that could be of interest to vessels under construction for the anticipated global trade in ammonia…

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