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 ...
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 ...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 ...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 ...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
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 ...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 ...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 ...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
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 ...OMV Transforms Plastic Waste Into Crude Oil
OMV ReOil recycling plant produces synthetic crude from used plastics From around 100 kilogram of packaging the pilot plant can produce 100 liters of crude per hour Fuel production from waste plastics As part of the 60th anniversary celebrations in the Schwechat Refinery, OMV presented ...Kayrros Secures $24M in Series B Funding to Expand Energy Market Penetration
New funding deepens the company's crude oil market intelligence and expands its coverage across other energy markets that include petroleum products, natural gas, and power generation PARIS, 18 September 2018 – Kayrros, the leading advanced data analytics firm, today announced that it has rais ...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 ...
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 ...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 ...
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