Imports


All posts for Imports

This Week in Petroleum: 2018 OPEC net oil export revenues highest since 2013, but likely to decline

EIA estimates net oil export revenues based on oil production—including crude oil, condensate, and natural gas plant liquids—and total petroleum consumption estimates, as well as crude oil prices forecast in the August 2019 Short-Term Energy Outlook (STEO). EIA's net oil export revenues estimate ...

Hui Shan


Posted 1 day agoLink > exportsImportsInternational +7

TODAY IN ENERGY: Australia is on track to become world’s largest LNG exporter

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 9 days agoLink > InternationalexportsImports +6

TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia

A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...

Hui Shan


Posted 24 days agoLink > pricesConsumptionDemand +9

TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States

Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...

Hui Shan


Posted 29 days agoLink > InternationalChinaSaudi Arabia +7

TODAY IN ENERGY: In 2018, 90% of the natural gas used in the United States was produced domestically

EIA's U.S. natural gas flow diagram helps to visualize the elements of U.S. natural gas supply (production, imports, and withdrawals from storage) and disposition (consumption, exports, and additions to storage). U.S. natural gas production and consumption have both generally increased since the ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +6

This Week in Petroleum

Despite crude oil production cuts, Saudi Arabian crude oil exports to some Asian countries have increasedThe U.S. Energy Information Administration (EIA) estimates that during May 2019, Saudi Arabia's crude oil production approached a four-year low, averaging an estimated 9.9 million barrels per d ...

Hui Shan


Posted 2 months agoLink > ChinaCrude oilexports +7

Sempra Energy ships first liquefied natural gas cargo from Cameron LNG export facility

On May 31, 2019, Sempra Energy, the majority owner of the Cameron liquefied natural gas (LNG) export facility, announced that the company had shipped its first cargo of LNG, becoming the fourth such facility in the United States to enter service since 2016. Cameron LNG has regulatory approval to ...

Hui Shan


Posted 2 months agoLink > exportsImportsLNG

This Week in Petroleum: Lowest crude oil imports since 1986 indicate changes in U.S. Gulf Coast crude oil supply

Lowest crude oil imports since 1986 indicate changes in U.S. Gulf Coast crude oil supply U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. Preliminary ...

Hui Shan


Posted 2 months agoOpinion > CanadaCrude oilexports +8

United States has been a net exporter of natural gas for more than 12 consecutive months

Source:  U.S. Energy Information Administration,  Natural Gas Monthly U.S. net natural gas exports in February 2019  totaled 4.6 billion cubic feet per day  (Bcf/d), marking 13 consecutive months in which U.S. natural gas exports exceeded imports. The United States exports natural gas by pip ...

Hui Shan


Posted 3 months agoOpinion > natural gasPipelinesSTEO +3

Europe’s Liquefied Natural Gas Imports Have Increased Lately, But Remain Below 2011 Peak

Source: U.S. Energy Information Administration, based on International Group of Liquefied Natural Gas Importers (GIIGNL) Annual Reports, 2005–2018 Imports of liquefied natural gas (LNG) to the 28 countries that make up the European Union (EU-28) averaged 5.1 billion cubic feet per day (Bcf/d) ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > europeLNGLiquified Natural Gas +7

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 10 months agoOpinion > United StatesUSAEnergy +7

Energy Insights Forecasts Transformation of Gas Import/Export Balance by 2022

London, UK, 4 th October 2018: Energy Insights , the data and analytics specialist for the global energy industry, part of McKinsey & Company, has released its Global Gas & LNG Outlook to 2035 . The report finds that continuous demand growth, alongside new supply sources, will transform the ga ...

OilVoice Press - OilVoice


Posted 10 months agoPress > Energy InsightsgasImports +5

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 10 months agoOpinion > Gulf CoastEIAEnergy Information Administration EIA +6

Strategic Stockpiling to Support China's Crude Imports

China's strategic petroleum reserve (SPR) depot in Jinzhou officially started filling in August 2018, bringing the existing depot capacity to a total of 249.1 million barrels, according to ESAI Energy's new released China Watch report. The launch of this site suggests that Beijing is slowly progr ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > ESAIESAI EnergyChina +4

New Import Duties Drive Biomass-Based Diesel Imports Down in 2017

Source: U.S. Energy Information Administration, Petroleum Supply Monthly ( biodiesel and renewable diesel ) U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, totaled 14.1 million barrels in 2017, a 36% decrease from 2016. Although increasing Renewable Fu ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesUSEIA +5