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U.S. petroleum product exports rose slightly in the first half of 2019

Distillate remained the largest U.S. petroleum product export in the first half of 2019, averaging 1.3 million b/d, an increase of 60,000 b/d (5%) compared with the first half of 2018. Propane was the second-largest U.S. petroleum product export in the first half of 2019, at 1.03 million b/d, an ...

Hui Shan


Posted 7 months agoLink > Distillate FuelexportsImports +4

Stainless Steel Elbow 90 Degree LR PE Coating ASTM A403 WP316 | ZIZI

We manufacture and export stainless steel pipes & fittings with  3 Layer PE coating in standard of DIN 30670, the mainly fittings are elbow, tee and reducer. The present standard specifies requirements for coatings that are applied to longitudinally or spirally welded or seamless steel pipes and ...

Jerry Zhao


Posted 7 months agoLink > stainless steelPolyethylenestainless steel pipe

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane. In June 2019, the Chinese government introduced a subsidy program that established new incentive ...

Hui Shan


Posted 7 months agoLink > ProductionsupplyConsumption +9

The United States now exports crude oil to more destinations than it imports from

As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that receive U.S. exports has also increase ...

Hui Shan


Posted 7 months agoLink > exportsImportsCrude oil +5

Recalibrating Singapore’s Offshore Marine Industry

The state investment firm Temasek Holdings has made an offer to purchase control of Singaporean conglomerate Keppel Corp for S$4.1 billion. The deal would be through Temasek's wholly-owned subsidiary Kyanite Investment Holdings, offering S$7.35 per share of Keppel Corp, a 26% premium of the trade ...

Hui Shan


Posted 7 months agoLink > KeppelSembawangTemasek +5

Global energy consumption driven by more electricity in residential, commercial buildings

In countries that are not part of the Organization for Economic Cooperation and Development (non-OECD countries), EIA projects that energy consumed in buildings will grow by more than 2% per year, or about five times the rate of OECD countries. As the quality of life in emerging economies improve ...

Hui Shan


Posted 7 months agoLink > residentialCommercialConsumption +6

Natural gas inventories surpass five-year average for the first time in two years

When determining whether natural gas inventories are relatively high or low, EIA uses the average inventories for that same week in each of the previous five years. Throughout the 2019 refill season, record levels of U.S. natural gas production led to relatively high injections of natural gas int ...

Hui Shan


Posted 7 months agoLink > Storagenatural gasInventories +1

Your Weekly Update: 14 - 18 October 2019

Citing a need to boost oil revenues by being ‘honest about its ability to endure further cuts', Ecuador is prioritising crude production and welcoming new oil investment (free from production constraints) as President Lenin Moreno pursues more market-friendly economic policies. Indonesia did rejo ...

Hui Shan


Posted 7 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Ecuador Exits OPEC

Citing a need to boost oil revenues by being ‘honest about its ability to endure further cuts', Ecuador is prioritising crude production and welcoming new oil investment (free from production constraints) as President Lenin Moreno pursues more market-friendly economic policies. Indonesia did rejo ...

Hui Shan


Posted 7 months agoLink > OPECsaudiRussia +4

U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 7 months agoLink > ProductionsupplyCrude oil +5

Equinor Goes “Bigly” in the North Sea

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 7 months agoLink > North SeaExxonEquinor +1

Crude oil used by U.S. refineries continues to get lighter in most regions

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 7 months agoLink > Crude oilProductionsupply +2

Your Weekly Update: 7 - 11 October 2019

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 7 months agoLink

EIA forecasts lower crude oil prices despite tighter global liquid fuels balances

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 7 months agoLink > CanadaChinaCrude oil +4

Recent decrease in U.S. crude oil production was geographically isolated, likely temporary

Monthly U.S. crude oil production fell by 276,000 barrels per day (b/d) in July 2019, based on the latest data in the U.S. Energy Information Administration's (EIA) Petroleum Supply Monthly. Crude oil production in the Federal Offshore Gulf of Mexico fell by 332,000 b/d in July when some producti ...

Hui Shan


Posted 7 months agoLink > ProductionsupplyLiquid Fuels +3
Last fetch 6/1/2020 1:41:28 AM