Press Release: Unsealed Warrant and Forfeiture Complaint Seek Seizure of Oil Tanker “Grace 1” for Unlawful Use of U.S. Financial System to Support and Finance IRGC’s Sale of Oil Products to Syria

Friday, August 16, 2019 A seizure warrant and forfeiture complaint were unsealed today in the U.S. District Court for the District of Columbia alleging that Oil Tanker “Grace 1,” all petroleum aboard it and $995,000.00 are subject to forfeiture based on violations of the International Emergency Economic Powers Act (IEEPA), bank fraud statute, and money…

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Summer NAPE 2019 Is Coming To Houston

I must admit summer is a slow time for conferences in Houston.  But, when autumn rolls around, then Houston is full of conferences, all the way to June.  The first conference on my list for the new season is Summer Nape. Summer NAPE August 21 - 22, 2019 George R. Brown Convention Center NAPE is…

By The Numbers, 8/14/2019

The EIA published its Weekly Petroleum Status Report.  Here are some highlights.  All items are in millions of barrels per day except inventories, which is billions total.  Dates are defined as week ending averages, except utilization rate which is a four week ending average.  The full report can be found here. Item 8/9/19 8/2/19 Refinery…