Link

Escalating Trade Wars and Oil Markets


  • U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007.
  • In 2018, 20% of all Gulf Coast crude oil imports were from Venezuela, an annual average of 498,000 b/d.
  • One year after the production-cut agreement, crude oil imports from OPEC processed at Gulf Coast refineries had fallen 562,000 b/d from 2.1 million b/d in November 2016 to 1.5 million b/d in November 2017.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit original link

https://nrgedge.net/article/1559822020-escalating-...

nrgedgeOilgasOil and Gas IndustryEnergyCrudeChinaUSATrumpNAFTAIndiaSanctionstariff

More items from huishan


U.S. natural gas production, consumption, and exports set new records in 2019

Chevron exited Malampaya in November 2019, as part of an asset review to re-focus on shale, selling its 45% stake to local player Phoenix Petroleum that is part of the Udenna conglomerate. The natural candidate to acquire Shell's departing stake would be PNOC, which is already 10% owner of Malamp ...

Hui Shan


Posted 20 days agoLink > ProductionsupplyConsumption +7

Libya & OPEC’s Quota

Access to key oilfields and key port facilities has changed hands constantly over the past few years, resulting in a start-stop rhythm that has sapped productivity and, more than once, forced Libya's National Oil Corporation (NOC) to issue force majeure on its exports. The deal, brokered in Mosco ...

Hui Shan


Posted 1 month agoLink > Oil and Gas Industryupstreamnatural gas +8

Average U.S. construction costs for solar and wind generation continue to fall

The incident that hardened the hearts of Germany , which had become increasingly isolated over the issue of the Nord Stream 2 natural gas pipeline that connects Russia to Germany through the Baltic Sea, was the hospitalisation of Russian opposition leader Alexei Navalny. Championed by former Germ ...

Hui Shan


Posted 1 month agoLink > generationSolarElectricity +5

Fossil fuels account for the largest share of U.S. energy production and consumption

Aramco is still 98% owned by the Saudi government, and the federal coffers, which run everything from the national airline to plans to open up for official tourism are dependent on the dividends that Aramco pays. With dry season in the oil and gas world setting in, some of these projects must now ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +12
All posts from huishan