Crude oil


All posts for Crude oil

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 9 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 9 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 9 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 9 months 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 9 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 10 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 10 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 10 months agoOpinion > EIAEnergy Information Administration EIAUnited States +9

Over $21bn of capex to be spent on Iran’s oil projects by 2021, says GlobalData

Analysis of crude oil production in Iran shows that approximately $21bn in capital expenditure (capex) will be spent by Iran on oil projects between 2018 and 2021, to ensure that production grows to around 4.9 million barrel per day (mmbd) in 2021, according to GlobalData , a leading data and an ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > GlobalDataCAPEXCrude oil +6

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 10 months agoOpinion > United StatesUSCrude oil +5

Overview of Physical Crude Oil Trading and Operations

Overview of Physical Crude Oil Trading and Operations is a two-day instructor-led course presented by the energy training experts at Mennta Energy Solutions. This course provides an introduction to the trading of physical crude oil. Delegates will gain an understanding of the knowledge possessed by ...

Ayesha Varshney


Houston   TX   US 15 Oct 2018


Posted 10 months agoTraining > Crude oiloil tradingcrude oil trading +3

U.S. Net Energy Imports in 2017 Fall to Their Lowest Levels Since 1982

Source: U.S. Energy Information Administration, Monthly Energy Review , Table 1.4a & 1.4b Total net energy imports to the United States fell to 7.3 quadrillion British thermal units (quads) in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and gross ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > United StatesUSEnergy +5

U.S. Crude Oil Exports Increased and Reached More Destinations in 2017

Source: U.S. Energy Information Administration, Petroleum Supply Annual , Petroleum Supply Monthly U.S. crude oil exports grew to an average of 1.1 million barrels per day (b/d) in 2017, the second full year since restrictions on crude oil exports were removed . Crude oil exports in 2017 w ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > EIAEnergy Information Administration EIACrude oil +2

Overview of Physical Crude Oil Trading and Operations

This course provides an introduction to the trading of physical crude oil. Delegates will gain an understanding of the knowledge possessed by a physical crude oil trader and the steps involved in negotiating a physical crude oil transaction. In addition, delegates will be given an overview of crude ...

Ayesha Varshney


Calgary   AB   CA 17 Sep 2018


Posted 11 months agoTraining > Crude oiltradingOperations +4

Our Latest Oil Predicament

Posted on March 13, 2018 by Gail Tverberg It is impossible to tell the whole oil story, but perhaps I can offer a few insights regarding where we are today. [1] We already seem to be back to the falling oil prices and refilling storage tanks  scenario. US crude oil stocks hit th ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > Crude oilLiquidsUnited States +2