Crude


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Chinese Crude Oil Inventories Decline Slightly Amid Record Refinery Runs in March

China Crude Oil Inventory - Seasonality Chart MMb Source: Kayrros Kayrros sees Chinese stocks in the first half of April up by 5.25 MMb, at 470.91 MMb, partly reversing March draws. China April stocks remain at an 18.86 MMb deficit ...

OilVoice Press - OilVoice


Posted 1 day agoPress > ChinaCrudeCrude oil

Russia Leads Planned and Announced Projects Count to 2025, Says GlobalData

A total of 43 crude and natural gas projects are expected to start operations in four countries in the Former Soviet Union (FSU) between 2018 and 2025, according to GlobalData, a leading data and analytics company. The company's report: ‘ Semi-Annual Production and Capital Expenditure Outlook for ...

OilVoice Press - OilVoice


Posted 14 days agoOpinion > Crudenatural gasRussia +3

U.S. Crude Oil Production Growth Projected to be Led by Light, Sweet Crude Oil

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 Reference case Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 or higher and sulfur content of 0.3% or less. These light, sweet crudes, wh ...

OilVoice Press - OilVoice


Posted 15 days agoOpinion > EIAEnergy Information Administration EIAUnited States +9

FACTBOX: Yemen Conflict Risks Spilling Over into Global Oil Sector - by S&P Global Platts

Dubai (Platts)--04 Apr 2018 / 626 am EST/1026 GMT      (Adds latest details)      Tensions are starting to simmer across Middle East oil and shipping sectors, including a key global shipping lane, after Yemeni Shi'ite Houthi militants launched a failed attack on a Saudi VLCC.      Three year ...

OilVoice Press - OilVoice


Posted 20 days agoOpinion > S&P Global PlattsYemenOil +4

U.S. Production of Crude Oil Grew 5% in 2017, Likely Leading to Record 2018 Production

Source: U.S. Energy Information Administration, Petroleum Supply Monthly Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil ...

OilVoice Press - OilVoice


Posted 20 days agoOpinion > United StatesUSCrude oil +5

Revenergy Introduces Revolutionary Hydrogen Sulphide Mitigation System

Treats to 4 ppmw with no volume loss, no chemical contamination and no emissions   (ABERDEEN, South Dakota) – RevEnergy today announced the introduction of the RevH 2 S TM , a hydrogen sulfide (H 2 S) mitigation system that safely reduces H 2 S gasses in sour crude to ...

Kristen Quinn


Posted 26 days agoPress > HydrogenMitigatingMitigation +1

OPEC Feb Crude Output 32.39 Mil b/d, Down 70,000 b/d From Jan: S&P Global Platts Survey

OPEC FEB CRUDE OUTPUT 32.39 MIL B/D, DOWN 70,000 B/D FROM JAN: S&P GLOBAL PLATTS SURVEY VENEZUELA FEB OUTPUT LOWEST IN S&P GLOBAL PLATTS SURVEY HISTORY, ASIDE FROM 2002-03 STRIKE LIBYA FEB CRUDE PRODUCTION HIGHEST IN NEARLY FIVE YEARS: S&P GLOBAL PLATTS SURVEY   London (Platts)--06Mar2018/530 a ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > OPECCrudeOutput +7

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Rose 2.5 Million Barrels

NEW YORK – Tightening U.S. crude oil inventories have been supportive for oil futures, but short-term dynamics continue to be dominated by moves in equities and currencies, with traders fixated on economic and political stories, according to an S&P Global Platts preview of this week's pending U.S. ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > United StatesUSEIA +5

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Rose 2.1 Million Barrels

A combination of fewer imports and more exports has pushed more supply away from the U.S. crude oil market, a development that could weigh on prices unless global demand can absorb the additional barrels, according to an S&P Global Platts preview of this week's pending U.S. Energy Information Admin ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > S&P Global PlattsUnited StatesUS +4

Investment of $97bn on Top Ten Offshore Oil Projects to Add Over 1.6 Million Barrels Per Day by 2025, Says GlobalData

Over $151.5bn in capital expenditure will be spent over the lifetime of the top ten offshore oil projects to produce 14.3 billion barrels of crude, according to GlobalData , a leading data and analytics company. These ten projects, selected from 236 upcoming offshore projects globally, will contr ...

OilVoice Press - OilVoice


Posted 2 months agoPress > GlobalDataOffshoreOil +2

Oil Prices Ravaged By Financial Turmoil

By Nick Cunningham of Oilprice.com Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. The steady decline of the U.S. dollar has helped drive up crude prices for weeks , but that came to an abrupt halt last week. A rebound for ...

Oilprice Staff


Posted 2 months agoOpinion > oil priceoilpriceTurmoil +3

Russia’s Investment Will Ensure Stable Supply of Russian Crude Through 2021, says GlobalData

Over $79.4 billion in capital expenditure will be spent by Russia-focused operators on oil projects over the next four years, according to GlobalData leading data and analytics company. Over 16.4 billion barrels will be produced by 1,565 Russian fields over this period, with new projects contrib ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > RussiaCrudeexport +3

China, Nigeria and Kuwait Lead global Planned CDU Capacity Additions to 2022, Says GlobalData

Analysis of the global planned Crude Distillation Unit (CDU) capacity of refineries shows that China has the highest planned CDU capacity additions globally with 2,460 thousand barrels per day (mbd) between 2018 and 2022, followed by Nigeria and Kuwait with 889 mbd and 615 mbd respectively, accordi ...

OilVoice Press - OilVoice


Posted 3 months agoPress > GlobalDataChinaNigeria +4

OPEC’s Oil Production Freeze and Tanker Day Rates

A rule of thumb in the shipping industry is that high oil prices are bad for shipping earnings, and low oil prices are good for shipping earnings. With Brent crude prices at US$70/b now, the shipping industry's rates and earnings are now starting to sputter again, after recovering barely 3 years ago ...

Easwaran Kanason


Posted 3 months agoOpinion > Oil TankersOPECShipping +2

OPEC’s oil production freeze and tanker day rates

A rule of thumb in the shipping industry is that high oil prices are bad for shipping earnings, and low oil prices are good for shipping earnings. With Brent crude prices at US$70/b now, the shipping industry's rates and earnings are now starting to sputter again, after recovering barely 3 years ago ...

Easwaran Kanason


Posted 3 months agoOpinion > Oil TankersOPECShipping +2