petroleum


All posts for petroleum

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 7 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 8 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 8 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 8 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 9 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 9 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 9 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 9 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 9 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 9 months agoPress > AfricaEnergypetroleum +5

U.S. crude oil exports continued to grow in the first half of 2019

In the first half of 2019, U.S. exports of crude oil increased to average 2.9 million barrels per day (b/d), an increase of 966,000 b/d from the first half of 2018. U.S. crude oil exports to Asia grew significantly in the first half of 2019, up 472,000 b/d (58%) compared with the same period in 2 ...

Hui Shan


Posted 10 months agoLink > exoprtsImportsLiquid Fuels +3

Join us in London for the Diversity in Energy Summit

An event shaped to tackle the topics of diversity, inclusion and empowerment in the global energy sector. The event organised and hosted by Frontier in the heart of London will also provide an excellent platform where you can bring your companies' prominence and visibility directly to the decision ...

Jodee Lourensz


Posted 10 months agoPress > OilgasEnergy +12

August non-OPEC unplanned oil production outages fell to lowest level since at least 2011

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 10 months agoLink > Productionsupplyoutages +4

Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years—and recently hit a four-week average record low of 380,000 b/d in the week ending September 6—the United States still imports about 7 million b/d of crude oil. Saudi Arabia can use these inventories to ...

Hui Shan


Posted 10 months agoLink > pricesInternationalGasoline +6

Equatorial Guinea Petroleum Minister Champions Natural Gas in Africa at Africa Oil & Power 2019

H.E. Gabriel M. Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, will deliver a keynote address at the Africa Oil & Power Conference and Exhibition. Having been a champion of gas developments on the African continent, the minister will lead a delegation of African minister ...

Aydanur Akkurt - Africa Oil & Power


Posted 11 months agoPress > Equatorial Guineacape townAfrica Oil & Power +12