Crude


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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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months 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 8 months agoOpinion > EIAEnergy Information Administration EIASouth China Sea +4

Permian Region is Expected to Drive U.S. Crude Oil Production Growth Through 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , August 2018 EIA's August Short-Term Energy Outlook (STEO) forecasts that U.S. crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 million b/d in 2019. If realized, both of these ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > Permian RegionUnited Statesonshore +6

The Port District of Houston-Galveston Became a Net Exporter of Crude Oil in April

Source: U.S. Energy Information Administration and U.S. Census Bureau Note: Not included in the map are the Houston Intercontinental Airport and the Sugar Land Regional Airport, which are also ports within the Houston-Galveston port district. The U.S. port district of Houston-Galveston in ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > EIAEnergy Information Administration EIAUnited States +6

President XI Likely to Keep Crude Tariffs Sidelined

Although there is no off-ramp in sight for the trade war between the U.S. and China, stability and energy security are more important for the Chinese leadership than the need to ‘win' the trade war with the U.S., according to ESAI Energy's latest ChinaWatch report.  The first version of the $16 ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > ESAIESAI EnergyChina +7

Supply-side Shock Ahead in November?

  The US has just rebuffed high-level pleas from the European Union to grant exemptions to European companies operating in and with Iran, underlining America's hardline stance in implementing its renewed sanctions on Iran. The goal is, according to Treasury Secretary Steven Mnuchin, is to reduce ...

Easwaran Kanason


Posted 10 months agoOpinion > IranUSSanctions +4

China is a Key Destination for Increasing U.S. Energy Exports

Source: U.S. Energy Information Administration, Petroleum Supply Monthly , Natural Gas Monthly Republished July 10, 2018, 10:00 a.m. to correct the units for China's imports of crude oil and propane. In recent years, as its domestic energy consumption has grown, China has become a mo ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > ChinaUSUnited States +10