Link

TODAY IN ENERGY: Australia is on track to become world’s largest LNG exporter


  • In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outpaces consumption growth (Figure 1).
  • In the August STEO, EIA forecasts 2020 inventory builds of 280,000 barrels per day (b/d), but that outcome is highly dependent on crude oil production.
  • The compliance with production targets from the OPEC+ agreement will not only be a key determinant of whether global crude oil inventories remain near the five-year (2014–18) average during the forecast period but also a significant driver of crude oil prices.



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/1565755463-today-in-en...

InternationalexportsImportsUnited StatesAustraliaQATARRussiaLNGmap

More items from huishan


Short-Term Energy Outlook

[1]After an agreement was reached on the transit dispute that led to a temporary shutdown of crude oil production, the governments of Sudan and South Sudan shifted their focus from border conflicts to the mitigation of their respective domestic opposition factions. [3]In South Sudan, President Sa ...

Hui Shan


Posted 23 hours agoLink > ElectricityrenewableSTEO +3

Short-Term Energy Outlook

[1]After an agreement was reached on the transit dispute that led to a temporary shutdown of crude oil production, the governments of Sudan and South Sudan shifted their focus from border conflicts to the mitigation of their respective domestic opposition factions. [3]In South Sudan, President Sa ...

Hui Shan


Posted 23 hours agoLink

The U.S. placed near-record volumes of natural gas in storage this injection season

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 4 days agoLink > Storagenatural gasEIA

Your Weekly Update: 4 - 8 November 2019

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 6 days agoLink > Oiloil and gas newsOil and Gas Industry +7

SUDAN AND SOUTH SUDAN: EXECUTIVE SUMMARY

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 6 days agoLink > SudanSouth Sudanpetroleum +6
All posts from huishan