Crude oil


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Political Strife Causes Libyan Crude Oil Output to Fall

July was a hectic month for Libyan production, with political strife erasing the recent gains made in the oil sector. The aftermath of fighting at eastern Libyan ports and abductions at Sharara led to an exacerbated drop in production in July, which fell about 20% from Kayrros measurements in June. ...

Kayrros


Posted 18 hours agoOpinion > LibyaOil and GasCrude oil

ESAI Energy Sees Ample Crude Supplies

In its recently released five-year Global Crude Oil Outlook , ESAI Energy projects healthy non-OPEC supply growth to 2023. Three trends underscore the expectation that non-OPEC crude and condensate supply will increase by an average of 1 million b/d per annum from 2019 through 2023. Infrastruc ...

OilVoice Press - OilVoice


Posted 12 days agoOpinion > OilCrude oilESAI Energy +2

Iraq Set to Boost Oil Output after Bai Hassan Restart

Kayrros satellite surveillance shows that production has fully resumed at the Bai Hassan field in Iraq. The field is part of a complex of oilfields in Northern Iraq that were shut down mid-October 2017 after the Kurdistan Regional Government (KRG) unilaterally voted for independence from Baghda ...

Kayrros


Posted 1 month agoOpinion > OilOil and GasCrude oil +6

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 1 month agoOpinion > ChinaUSUnited States +10

FACTBOX: Venezuela's Near Collapse Takes Toll On Oil Industry

Venezuela's near economic collapse has taken a toll on the country's oil production, causing shifts in oil flows as buyers look to secure alternative supplies. As workers have fled the country, state-owned oil company PDVSA has had a difficult time maintaining crude output, let alone boosting prod ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > S&P Global PlattsVenezeulaOil +5

FACTBOX: China Threatens 25% Tariff on US Energy, Agricultural Products

The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese p ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ChinaUnited StatesUS +10

Development of Alaska’s ANWR Would Increase U.S. Crude Oil Production After 2030

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 , Analysis of Projected Crude Oil Production in the Arctic National Wildlife Refuge In December 2017, the passage of Public Law 115-97 required the U.S. Secretary of the Interior to establish and administer a com ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > AlaskaUnited StatesUS +6

EIA Reports Track U.S. Crude Oil Production Statistics and Trends

Source: U.S. Energy Information Administration, Petroleum Supply Monthly with data for March 2018; Weekly Petroleum Status Report , with data for the week ending May 25, 2018; Short-Term Energy Outlook , May 2018; Drilling Productivity Report , May 2018 With increasing crude oil p ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > EIAEnergy Information Administration EIAUnited States +4

ESAI Energy: Crude Oil Quality Threatens US Shale

In its May Global Crude Oil Outlook ESAI Energy points out that the growth in medium and heavy refiner demand was already pushing the OPEC+ deal towards an end by 2019. The U.S. request for more crude oil and Saudi Arabia and Russia's apparent willingness to respond provides additional rationa ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > Crude oilESAI EnergyShale +3

Field Activity Levels Increase in Iran Amid Talks of Sanctions

Iran has been ramping up activity at key oil fields as a US decision on sanctions looms. A similar surge occurred after the sanctions were lifted in 2016, as Iran ramped up output to 3.8 MMb/d. Iran inventories have crept up since October 2017, reaching  26.8 MMb in March. Exports have avera ...

Kayrros


Posted 3 months agoOpinion > IranUnited StatesSanctions +11

Business in Emerging Africa: Indimi shares lessons at Harvard

One of Africa's most successful businessmen and founder of Oriental Energy Resources Limited, Dr. Muhammadu Indimi, has reiterated the importance of partnership and collaboration in the long-term success of businesses. He made the submission on Thursday while sharing Lessons in Business, Leadershi ...

Aniwura Omolayo - Oriental Energy Resources Limited


Posted 3 months agoPress > NigeriapetroleumOriental Energy Resources Limited +13

U.S. Imports of Canadian Crude Oil by Rail Increase

Source: U.S. Energy Information Administration, Petroleum Supply Monthly Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past pipeline outages , has driven Canadian crude oil prices lower and increased Canadian crude oil export ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > United StatesUSCanada +5

U.S. Crude Oil Production Efficiency Continues to Improve

Source: U.S. Energy Information Administration, Drilling Productivity Report U.S. tight oil production increased in 2017, accounting for 54% of total U.S. crude oil production, in part because of the increasing productivity of new wells. Since 2007, the average first full month of oil prod ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > United StatesUSEIA +4

No ‘Home Alone’ for Saudi’s Crude

Saudi Aramco's plan to diversify its downstream portfolio reached another milestone last week, as the OPEC giant signed an agreement with India to invest in the planned 1.2 mmb/d Ratnagiri refinery in Maharashtra state. In return, Aramco receives a 50% stake in the refinery – itself a joint vent ...

Easwaran Kanason


Posted 3 months agoOpinion > Saudi AramcoCrude oilChina +1

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 3 months agoPress > ChinaCrudeCrude oil