Crude


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The Changing U.S. Energy Trade Balance is Still Dominated by Crude Oil Imports

Source: U.S. Energy Information Administration, based on U.S. Census Bureau Export and Import data During the past decade, the U.S. trade gap for energy products has narrowed. From 2003 to 2007, the value of energy imports was about 10 times greater than the value of exports. By 2017, import ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSAEnergy +7

Amerisur Resources, Echo Energy, Range Resources

Amerisur Resources Amerisur has announced this morning that the Pintadillo-1 discovery well is ahead of expectations and will pay back in ‘under a year ‘. The T sand interval has flow tested under natural flow at 590 b/d of light 30.4 API crude oil under a choke of 18/64” with strong wellhead p ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > Amerisur ResourcesEcho EnergyRange Resources +8

Crude Oil Entering Gulf Coast Refineries Has Become Lighter as Imports Have Declined

Source: U.S. Energy Information Administration, Monthly Imports Report , Crude Oil Input Qualities The density of crude oil processed by U.S. Gulf Coast refineries has become lighter since 2008 as refineries moved away from heavier imported crude oil to lighter crude oil produced in Texas ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Gulf CoastEIAEnergy Information Administration EIA +6

Equinor: Newbuilt Shuttle Tankers for the Roncador Field in Brazil

Photo of Bodil Knutsen, a current ship within the Knutsen fleet. (Photo: Knutsen NYK Offshore Tankers AS) The crude oil production from the newly acquired 25 % interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers.  Equinor has now entered into t ...

OilVoice Press - OilVoice


Posted 1 year agoPress > EquinorEquinor EnergyShuttle Tankers +7

Crude Oil Was the Largest U.S. Petroleum Export in the First Half of 2018

Source: U.S. Energy Information Administration, Petroleum Supply Monthly Crude oil surpassed hydrocarbon gas liquids (HGL) to become the largest U.S. petroleum export, with 1.8 million barrels per day (b/d) of exports in the first half of 2018. U.S. crude oil exports increased by 787,000 ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Crude oilCrudeUnited States +5

CNOOC Becomes China’s First OPITO Approved Safety Trainer

The largest producer of offshore crude oil and natural gas in China, the China National Offshore Oil Corporation (CNOOC), has become the country's first organisation certified to train workers to OPITO safety standards. Its safety training facility, CNOOC Safety & Technology Services Co., Ltd, ach ...

OilVoice Press - OilVoice


Posted 1 year agoPress > CNOOCChinaOffshore +6

Argus, Ineos, GE Global, Calor Gas and Gibson Shipbrokers Discuss New LPG Investment Projects, Product Pricing and Global Market Trends

Global energy and commodity price-reporting agency Argus will host the Argus European LPG Markets 2018 conference in London, UK, on 3-5 December. Drawing on the success of a global series of established LPG shows, the ninth annual event is focused on European markets and will bring together LPG ...

Teri Arri


Posted 1 year agoPress > OilgasLPG +31

Markets Have De-Valued Oil Prices: How Long Will It Last?

Comparative inventory: The most important approach to oil & gas price formation Comparative Inventory (C.I.) is the difference between current stock levels of crude oil & select refined products, and their 5-year average. C.I. has accurately predicted most of the changes in oil pric ...

Art Berman - The Petroleum Truth Report


Posted 1 year agoOpinion > Art BermanOil pricesOil +7

East Coast Refiners Receiving More Domestic Crude Oil From Gulf Coast by Tanker and Barge

Source: U.S. Energy Information Administration, Petroleum Supply Monthly Since mid-2017, the East Coast has been receiving as much crude oil by tanker and barge from the Gulf Coast as it has by rail from the Midwest. In April, the volume of crude oil transported by tanker and barge from th ...

OilVoice Press - OilVoice


Posted 1 year agoPress > East CoastRefineryCrude oil +7

The United States is Now the Largest Global Crude Oil Producer

Source: U.S. Energy Information Administration, Short-Term Energy Outlook The United States likely surpassed Russia and Saudi Arabia to become the world's largest crude oil producer earlier this year, based on preliminary estimates in EIA's Short-Term Energy Outlook (STEO). In February ...

OilVoice Press - OilVoice


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

Strategic Stockpiling to Support China's Crude Imports

China's strategic petroleum reserve (SPR) depot in Jinzhou officially started filling in August 2018, bringing the existing depot capacity to a total of 249.1 million barrels, according to ESAI Energy's new released China Watch report. The launch of this site suggests that Beijing is slowly progr ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ESAIESAI EnergyChina +4

Iran's Loss, Russia's Gain

Russia will export more crude beginning in September, with most incremental exports targeting Europe, according to ESAI Energy's CIS Watch Crude Outlook . Russia's higher exports will come just as European refiners cut imports of Iranian crude, turning Iran's loss into Russia's gain.  According t ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ESAIESAI EnergyRussia +6

North America Will Contribute 44% of Global Crude Oil Pipeline Additions to 2022, Says GlobalData

North America is forecast to add the highest trunk pipeline length to the global crude oil pipelines industry of any region between 2018 and 2022, contributing a total length of 16,136 km, which is 44% of global planned additions, according to leading data and analytics company GlobalData . The ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > CrudeCrude oilOil +4

Iran's Crude Buyers Explore their Options

India and China are exploring ways to keep taking Iranian crude after U.S. sanctions hit in November, according to ESAI Energy's recently published Middle East Watch Crude . Iran's national tanker company, NITC, has begun insuring cargos to both countries, and rupee- and renminbi-riyal payment m ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > IranIslamic Republic of IranESAI +6

More Than 30% of Global Maritime Crude Oil Trade Moves Through the South China Sea

Source: U.S. Energy Information Administration, based on Clipper Crude Data Service and IHS EDIN Note: Click to enlarge . Total includes small flows (less than 0.1 million barrels per day) not shown on map. The South China Sea is a major trade route for crude oil, and in 2016, more than 30% ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIASouth China Sea +4