Crude oil


All posts for Crude oil

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 3 days 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 4 days 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 8 days 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 18 days 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 23 days 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month agoPress > ChinaCrudeCrude oil

The U.S. is an Active Participant in Petroleum Markets as Both an Importer and Exporter

Source: U.S. Energy Information Administration, Petroleum Supply Monthly , Monthly Energy Review U.S. net petroleum trade, including crude oil, petroleum products, and natural gas plant liquids, has fallen in recent years, reaching 3.7 million barrels per day (b/d) in 2017. This is the ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > EIAEnergy Information Administration EIAUnited States +7

Crude Oil Flow Improves Market Is Expected To Reach $2.03 Billion by 2025: Grand View Research, Inc.

The global  crude oil flow improvers market   is expected to reach USD 2.03 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to grow significantly over the forecast period owing to shale revolution positively affecting the COFI market. Despite several ...

Rohit Suralkar - Grand View Research


Posted 2 months agoPress > PetrochemicalsCrude oil

U.S. Gulf of Mexico Crude Oil Production to Continue at Record Highs Through 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level on record. Although briefly hindered by platform outages and pipeline issu ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > United StatesUSCrude oil +3

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 2 months agoOpinion > EIAEnergy Information Administration EIAUnited States +9