Crude oil


All posts for Crude oil

What to Do With Inverse Oil ETFs?

Charting oil, technical analyst Clive Maund expects a relief rally for the commodity, and discusses some strategic moves. In light of what happened in the markets on Friday, with the broad market S&P500 index closing with a Reversal Day on its chart calling for some sort of a relief rally, that ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Streetwise ReportsOilETFs +2

Russia’s Investment Will Ensure Stable Supply of Russian Crude Through 2021, says GlobalData

Over $79.4 billion in capital expenditure will be spent by Russia-focused operators on oil projects over the next four years, according to GlobalData leading data and analytics company. Over 16.4 billion barrels will be produced by 1,565 Russian fields over this period, with new projects contrib ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > RussiaCrudeexport +3

U.S. Monthly Crude Oil Production Exceeds 10 Million Barrels Per Day, Highest Since 1970

Source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. crude oil production reached 10.038 million barrels per day (b/d) in November 2017, according to EIA's latest Petroleum Supply Monthly . November's production is the first time since 1970 that monthly U.S. pro ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +3

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Rose 325,000 Barrels

NEW YORK (January 29, 2018) – Persistent declines in U.S.  crude oil inventories have eased oversupply concerns, shifting focus in the market toward the bullish impact that a weaker dollar is having on global oil demand, according to an S&P Global Platts preview of this week's pending U.S. Energy I ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsUnited StatesUS +4

U.S. Crude Oil Exports Increased Following Hurricane-Related Refinery Disruptions

Source: U.S. Energy Information Administration, Petroleum Supply Monthly From late August through September 2017, Hurricane Harvey caused disruptions to the U.S. Gulf Coast refining sector, resulting in record-high U.S. crude oil exports when export facilities reopened after the storm an ...

OilVoice Press - OilVoice


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

EIA Expects Total U.S. Fossil Fuel Production to Reach Record Levels in 2018 and 2019

Source: U.S. Energy Information Administration, Monthly Energy Review and Short-Term Energy Outlook In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units ( ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAFossil Fuels +6

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Fell 425,000 Barrels

NEW YORK (January 16, 2018) – Tightening US crude stocks recently turned NYMEX crude's nearby term structure to backwardation, which could attract even more speculative length into the market and help sustain higher prices, according to a Tuesday S&P Global Platts preview of this week's pending U.S ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsUSUnited States +4

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine


Posted 1 year agoOpinion > Donald TrumpPresident TrumpTrump +68

Production From Offshore Pre-Salt Oil Deposits Has Increased Brazil’s Oil Production

Source: U.S. Energy Information Administration, International Energy Statistics Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of pe ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > BrazilCrude oilLiquid Fuels +5

West Africa’s Gas Sector Becoming a Hive of Activity in 2018

Africa is a relatively small producer of hydrocarbons for the world market, accounting for an estimated 9% of world oil output and less than 6% of gas production in 2016. African oil production fell marginally in 2016, from an estimated 9mn barrels per day (b/d) in 2015 to around 8.6mn b/d, owing t ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > AfricaWest AfricaCrude oil +3

Russia Exports Most of its Crude Oil Production, Mainly to Europe

Source: U.S. Energy Information Administration, based on Russian export statistics and country import statistics from Global Trade Tracker Note: OECD is the Organization for Economic Cooperation and Development. Russia exported more than 5.2 million barrels per day (b/d) of crude oil and con ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Crude oilRussiaeurope +4

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Fell 2.7 Million Barrels

Consistent builds in crude oil inventories at Cushing, Oklahoma (delivery point for New York Mercantile Exchange or NYMEX oil futures), since early August have weighed on NYMEX crude futures, leading to a larger discount to Intercontinental Exchange (ICE) Brent, providing an incentive for U.S. crud ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsS&PUnited States +6

U.S. Crude Exports Benefit from Perfect Storm of Factors

Recent crude exports from the U.S. have represented a doubling of flows out of the country in just a couple of months. While a sizeable increase was expected, it is not clear that exports can be sustained at 2.0 million b/d, says ESAI Energy in its recent 2-year Global Crude Oil Outlook. Crude expor ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesESAI EnergyCrude oil +3

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Fell 425,000 Barrels

A likely draw last week of U.S. stocks of crude oil, gasoline and distillates would represent the first across-the-board decline since the week ending July 28, likely sending a bullish message to traders that could nudge oil futures higher, according to an S&P Global Platts preview of this week's ...

OilVoice Press - OilVoice


Posted 1 year agoPress > S&P Global PlattsEIAEnergy Information Administration EIA +4

ExxonMobil Acquires Crude Oil Terminal to Serve Growing Permian Basin Production

Establishes ExxonMobil as key midstream provider in the rapidly growing Permian Basin Permitted for 100,000 barrels per day of throughput with the ability to expand Provides transportation and storage options for Permian Basin producers Exxon Mobil Corporation (NYSE:XOM) announced today that ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Crude Oil TerminalPermian BasinExxonMobil +2