Crude


All posts for Crude

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 12 hours 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 17 hours 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 4 days agoOpinion > Oil TankersOPECShipping +2

OPEC December Crude Output 32.40 MIL B/D, UP 50,000 B/D From November: S&P Global Platts Survey

January 8, 2018 — By Herman Wang , Eklavya Gupte   12 members with quotas achieve 135% compliance in December Saudi Arabia output 9.90 mil b/d, Iraq 4.41 mil b/d, Iran 3.82 mil b/d Libya, Nigeria combine for 2.88 mil b/d, above cap of 2.80 mil b/d OPEC output well below ceiling ...

OilVoice Press - OilVoice


Posted 11 days agoOpinion > OPECCrudeS&P Global Platts +3

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 23 days agoOpinion > Donald TrumpPresident TrumpTrump +68

PetroSync - API 560 Fired Heaters for General Refinery Services - 4 Days Course

About Course : The seminar is a comprehensive course for the fired heater technology for refinery and petrochemical industries. The participants will acquire the knowledge and /or enhance their experience in the design, engineering, inspection, installation, operations, maintenances and troublesho ...

PetroSync Singapore - PetroSync


    02 Apr 2018


Posted 1 month agoTraining > API560API 560 +30

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Fell 4.1 Million Barrels

NEW YORK (December 4, 2017) – Increased U.S. refinery utilization following autumn maintenance likely drew crude barrels out of storage and pushed product inventories higher last week, consistent with seasonal norms for this time of year, according to an S&P Global Platts preview of this week's pen ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > EIAEnergy Information Administration EIAS&P Global Platts +5

DNO Reports Payment for Tawke Deliveries

Oslo, 10 November 2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 46.53 million from the Kurdistan Regional Government as payment for August 2017 crude oil deliveries to the export market from the Tawke license. The funds will be shared by DNO and partner Genel ...

OilVoice Press - OilVoice


Posted 2 months agoPress > OsloNorwayDNO +4

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Fell 1.4 Million Barrels

U.S. crude oil stocks likely saw a counter-seasonal decline last week, driven by potentially record-high exports and more refinery activity that could mark the end of the autumn turnaround season, according to an S&P Global Platts preview of this week's pending U.S. Energy Information Administratio ...

OilVoice Press - OilVoice


Posted 2 months agoPress > S&P Global PlattsS&PEIA +5

U.S Crude Puts Squeeze on Nigerian Exports

Just as it was all looking on the up for Nigerian oil exports, it looks now as though India, one of the country's biggest export partners, has fallen out of love with West African crude. According to a report on Platts, India's leading oil company, Indian Oil Corporation, has issued a tender for a ...

Derby Omokoh - Upstream Consulting Company Lagos


Posted 2 months agoOpinion > USACrudeIndia +6

Art on MacroVoices: Comparative Inventory Draws Spell Higher Oil Prices

Erik Townsend welcomes Art Berman to MacroVoices . Erik and Art discuss: Comparative inventory levels on oil; Oil price responsive to inventories; Realization price recovery in crude prices takes time; Refinery intakes have not recovered; Where are average consumption levels; Outlook on gaso ...

Art Berman - The Petroleum Truth Report


Posted 2 months agoOpinion > oil priceRealisation recoveryCrude +6

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Fell 3.9 Million Barrels

Production disruptions in the U.S. Gulf of Mexico because of Hurricane Nate likely kept alive a streak of U.S. crude oil inventories declines that have helped keep a floor under New York Mercantile Exchange (NYMEX) crude prices, according to an S&P Global Platts preview of this week's pending U.S. ...

OilVoice Press - OilVoice


Posted 3 months agoPress > S&P Global PlattsGulf Of MexicoUnited States +3

Higher Oil Prices Are Likely in Early 2018

Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that  oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product Demand and Crude Oil Exports U.S. crude oil plus products comparative inventories have ...

Art Berman - The Petroleum Truth Report


Posted 3 months agoOpinion > oil priceUnited StatesCrude +5

Energy Nonsense From the Wall Street Journal

The lead editorial in Friday's Wall Street Journal  was pure energy nonsense. “Lessons of the Energy Export Boom”  proclaimed that the United States is becoming the oil and gas superpower of the world. This despite the uncomfortable fact that it is also the world's biggest importer of crude oil. ...

Art Berman - The Petroleum Truth Report


Posted 7 months agoOpinion > Art BermanThe Petroleum Truth ReportUSA +1

As the U.S. Sends More Oil to World, OPEC Sends Less to U.S.

OPEC is finally making the move that could help complete a mission that it's failed so far: shipping less oil to the U.S., according to Sanford C. Bernstein.Exports from the Organization of Petroleum Exporting Countries to America have declined by close to 1 million barrels a day since a peak at t ...

Ronnie Steinocher - Baron Energy, Inc.


Posted 7 months agoLink > OPECUSACrude