Crude oil


All posts for Crude oil

FACTBOX: US Imposes Sanctions on Iranian Crude Exports – S&P Global Platts

US sanctions against Iranian crude exports went back into effect Monday, although top buyers of Iranian crude were given temporary waivers until May, when they will be expected to cut purchases significantly. Oil prices climbed Monday as the sanctions kicked in, but price increases were limited by ...

OilVoice Press - OilVoice


Posted 15 days agoOpinion > United StatesUSAIran +8

U.S. Monthly Crude Oil Production Exceeds 11 Million Barrels Per Day in August

Source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. crude oil production reached 11.3 million barrels per day (b/d) in August 2018, according to EIA's latest Petroleum Supply Monthly , up from 10.9 million b/d in July. This is the first time that monthly U.S. p ...

OilVoice Press - OilVoice


Posted 20 days agoOpinion > USACrude oilOil +5

Mexico's Crude Production is Destined to Plummet in the Long Run if the New Government’s Strategy Focuses Only on Pemex, says GlobalData

Following the news that Mexico's new government will focus only on Pemex to support crude oil production, David Bautista, Oil and Gas Analyst at GlobalData , offer his view on the effect of this on the industry: “In order to reach the 2,480 thousand barrels per day (mbd) crude oil pro ...

OilVoice Press - OilVoice


Posted 21 days agoOpinion > MexicoPemexGlobalData +3

Oil Markets Recover From Panic Attack but Prices Will Go Lower

Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the next few months. The panic attack was caused largely by Trump's August 7 announcement that sanctions would be re-imposed on Iran ...

Art Berman - The Petroleum Truth Report


Posted 26 days agoOpinion > Oiloil priceCrude +5

Resumption of Iran Sanctions Adds Uncertainty to Crude Oil and Gasoline Price Forecasts

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , October 2018 EIA's October 2018 Short-Term Energy Outlook (STEO) forecasts Brent crude oil spot prices, which averaged $79 per barrel (b) in September, to average $81/b in the fourth quarter of 2018, before fall ...

OilVoice Press - OilVoice


Posted 27 days agoOpinion > IranIslamic Republic of IranSanctions +11

Iran Has Produced and Exported Less Crude Oil Since Sanctions Announcement

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , October 2018; ClipperData Note: Liquid fuels production includes crude oil, lease condensate, hydrocarbon gas liquids, biofuels, and refinery processing gain. Iran's crude oil exports and production have declined ...

OilVoice Press - OilVoice


Posted 29 days agoOpinion > EIAEnergy Information Administration EIAIran +6

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 month agoOpinion > United StatesUSAEnergy +7

Touchstone Exploration - OPERATIONAL UPDATE - Touchstone Continues to Grow as it Hits Initial Production Milestone of 2,000 bbls/d

Touchstone continues to grow as it hits initial production milestone of 2,000 bbls/d   Calgary, Alberta – October 11, 2018 – Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX / LSE: TXP) announces an operational update.  Highlights Delivered average field estimated crude oil ...

OilVoice Press - OilVoice


Posted 1 month agoPress > Touchstone ExplorationOperational UpdateProduction +2

The United States Continues to Increase Production of Lighter Crude Oil

Source: U.S. Energy Information Administration, Monthly Crude Oil and Natural Gas Production As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. The average API gravity—a measure of a crude oil's density ...

OilVoice Press - OilVoice


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

How Commodities Will Perform in the 'Impending Massive Credit Crunch

Technical analyst Clive Maund looks at the factors that he sees are behind a massive credit crunch and discusses how the markets could react. An enormous "sword of Damocles" hangs over all markets now. A massive liquidity drain is underway as global QE reverses into QT and rates rise aga ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > Streetwise ReportsCommoditiesOil +2

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 month 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 month 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 month 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 month agoOpinion > Crude oilCrudeUnited States +5

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 2 months agoOpinion > Art BermanOil pricesOil +7