Liquid Fuels


All posts for Liquid Fuels

SHORT-TERM ENERGY OUTLOOK

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 13 days agoLink > ElectricityrenewableCoal +10

TODAY IN ENERGY: In the United States, most petroleum is consumed in transportation

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 15 days agoLink > transportationConsumptionDemand +3

TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States

Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...

Hui Shan


Posted 26 days agoLink > InternationalChinaSaudi Arabia +7

TODAY IN ENERGY: The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade

The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America. Total oil flows through the Suez Canal and the SUMED pipeline accounted for about 9% of total seaborne traded petroleum ...

Hui Shan


Posted 27 days agoLink > natural gasPipelinesLiquid Fuels +5

Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

The risk assessment comes as the British warship HMS Montrose had to escort the BP oil tanker British Heritage out of the Persian Gulf into the Indian Ocean from being blocked by Iranian vessels. While a risk premium has already been applied to current oil prices, some analysts are suggesting tha ...

Hui Shan


Posted 1 month agoLink > Productionsupplyoutages +5

TODAY IN ENERGY: U.S. crude oil production surpassed 12 million barrels per day in April

The Wafra field was discovered in 1953, and in 1960, Japan's Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. The unique status of the Neutral Zone is exemplified by its struct ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyEIA +5

Petroleum, natural gas, and coal continue to dominate U.S. energy consumption

Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the United States for well over a century. Despite the increase, the fossil fuel share of total U.S. energy consumption in 2018 increased only slightly from 2017 and was the second-lowest share ...

Hui Shan


Posted 1 month agoLink > ConsumptionDemandCoal +4

TODAY IN ENERGY: Crude oil inputs to Mexico’s petroleum refineries continued to decline in 2018

Crude oil inputs to Mexico's petroleum refineries declined for the fifth consecutive year in 2018, falling to nearly 600,000 barrels per day (b/d), a 50% drop from 2013 levels. Petróleos Mexicanos (Pemex), Mexico's national oil company, owns and operates the country's six petroleum refineries, wh ...

Hui Shan


Posted 1 month agoLink > Liquid FuelsCrude oilpetroleum +3

SHORT-TERM ENERGY OUTLOOK

On May 31, 2019, Sempra Energy, the majority owner of the Cameron liquefied natural gas (LNG) export facility, announced that the company had shipped its first cargo of LNG, becoming the fourth such facility in the United States to enter service since 2016. Cameron LNG has regulatory approval to ...

Hui Shan


Posted 2 months agoLink > STEOLiquid FuelsEmissions +4

EIA’s new liquids pipeline projects database shows new U.S. crude oil pipeline capacity

Source:  U.S. Energy Information Administration  liquids pipeline projects database EIA recently launched a new  liquids pipeline projects database  that tracks more than 200 crude oil, hydrocarbon gas liquids (HGL), and petroleum products pipeline projects. Rising domestic crude oil productio ...

Hui Shan


Posted 2 months agoOpinion > ProductionsupplyPipelines +8

Saudi Arabia has significantly reduced the amount of crude oil used for power generation

Power plants in Saudi Arabia burned an average 0.4 million barrels per day (b/d) of crude oil in 2018 directly for power generation, the lowest amount since at least 2009, the earliest year that data are available from the  Joint Organizations Data Initiative  (JODI, Figure 1). According to the JOD ...

Hui Shan


Posted 3 months agoOpinion > Electricityelectricity generating fuel mixInternational +6

U.S. Refinery Capacity Virtually Unchanged Between 2017 and 2018

Source: U.S. Energy Information Administration, Refinery Capacity Report As of January 1, 2018, U.S. operable atmospheric crude distillation capacity totaled 18.6 million barrels per calendar day (b/cd), a slight decrease of 0.1% since the beginning of 2017 according to EIA's annual Refi ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSEIA +4

Total Liquid Fuels Inventories Return to Five-Year Averages in the United States and OECD

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , May 2018 Global petroleum inventories declined through 2017 and the first quarter of 2018 , marking the end of an extended period of oversupply in global petroleum markets that began before the Organization of the ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +5

Recent Legislation Mandates Additional Sales of U.S. Strategic Petroleum Reserve Crude Oil

Source: U.S. Energy Information Administration, based on Strategic Petroleum Reserve Note: Volumes sold in fiscal years 2017 through 2020 under the Bipartisan Budget Act of 2015 Section 404 are estimates based on projected prices of West Texas Intermediate crude oil in the February 2018 Shor ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Crude oilexportImport +5

Hydraulically Fractured Horizontal Wells Account for Most New Oil and Natural Gas Wells

Source: U.S. Energy Information Administration, based on DrillingInfo Inc. and IHS Markit In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled. The combination of horizontal ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSnatural gas +7