Crude


All posts for Crude

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 1 year 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 1 year 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 1 year 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 1 year 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 year 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 year 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 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year agoOpinion > Donald TrumpPresident TrumpTrump +68