petroleum


All posts for petroleum

Invest in Africa: AOP Events Drive Cross-Border Energy Trade and Investment

Africa Oil & Power is the only event group uniting the entire energy value chain, from oil exploration to renewables and focusing on the African continent. AOP 2020 flagship conference takes place on September 15-17 in Cape Town under the theme #InvestWithoutBoundaries. Key national conferences ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoPress > AngolaAfrica Oil & PowerEquatorial Guinea +9

EIA forecasts U.S. crude oil production growth to slow in 2021

EIA's U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021. Because EIA forecasts WTI prices will decline during the firs ...

Hui Shan


Posted 2 months agoLink > Crude oilOilpetroleum +3

AFRICA OIL & INVESTMENT FORUM 2020

This is the launch event for the Equatorial Guinea 2020 Year of Investment campaign, whose goals are to attract investment into key industries in Equatorial Guinea, boost entrepreneurship, generate profit for investors and create jobs. Organized in partnership with the Ministry of Mines and Hydrocar ...

Aydanur Akkurt - Africa Oil & Power


Malabo   Bioko Norte   GQ 01 Jun 2020


Posted 2 months agoEvent > Equatorial GuineaYear of InvestmentAfrican Energy Chamber +4

U.S. oil and natural gas proved reserves and production set new records in 2018

Just as quickly as they spiked, crude oil prices have now fallen back to their lowest levels in 6 weeks, trading at the subdued levels seen in late November before the OPEC+ club announced its renewed oil supply deal. Despite assassinations, embassy stormings and ballistic missile retaliations, t ...

Hui Shan


Posted 2 months agoLink > ProductionsuppplyReserves +5

This Week in Petroleum: Crude oil prices in 2019 were generally lower than in 2018

These narrow trading ranges occurred as a result of offsetting upward and downward price pressures, despite the largest single-day price increase since 2008, which followed the September attacks on Saudi Arabia's crude oil production and processing infrastructure. In 2019, several factors, includ ...

Hui Shan


Posted 2 months agoLink > ConsumptionDemandCrude oil +6

This Week in Petroleum

September was the first month the United States recorded exporting more petroleum than it importedIn September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this happened since monthly records began ...

Hui Shan


Posted 4 months agoLink > CanadaCrude oilDiesel +11

PIDX International Releases Field Ticket Business Process Guideline Standard

PIDX International Releases Field Ticket Business Process Guideline Standard Houston, TX – December 3, 2019 – The Petroleum Industry Data Exchange, Inc. (PIDX International) announced that it has published the Field Ticket Business Process Guideline standard which will significantly reduce dela ...

Kacey White


Posted 4 months agoPress > petroleumdatadata exhchange +1

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 4 months agoLink > SudanSouth Sudanpetroleum +6

This Week in Petroleum

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 5 months agoLink > BrazilBrentCrude oil +11

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 5 months agoLink > Distillate FuelexportsImports +4

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 5 months agoLink > exportsImportsCrude oil +5

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 5 months agoLink > ProductionsupplyCrude oil +5

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 5 months agoLink > Crude oilProductionsupply +2

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 5 months agoLink > ProductionsupplyLiquid Fuels +3

Billions at Play: The Future of African Energy and Doing Deals

Billions at Play The Future of African Energy and Doing Deals By NJ Ayuk PRESS RELEASE Roadmap for Africa's revitalisation and future growth outlined in landmark book by leading expert who demands that Africans must lead the transformational charge and profit first from their na ...

kelly PIke


Posted 5 months agoPress > AfricaEnergypetroleum +5