Liquid Fuels


All posts for Liquid Fuels

Mozambique Showcases Mega Gas Potential

Recently selected as Africa Oil & Power's “Person of the Year” for 2020, President Nyusi has been at the helm of Mozambique's energy sector during its many recent successes, establishing natural gas as a means of generating long-term economic diversification, skills development and job creation ac ...

Aydanur Akkurt - Africa Oil & Power


Posted 22 days agoLink > MozambiqueMozambique Gas & PowerMGP2021 +23

Africa’s Leading Producer

Producing 2.1 million barrels per day (bpd), Nigeria serves as Africa's largest oil and gas producer, although production is currently limited to 1.4 million bpd by OPEC-led quotas. In a bid to develop untapped resources andmonetize existing resources, 2020 has seen the launch of a marginal field ...

Aydanur Akkurt - Africa Oil & Power


Posted 23 days agoLink > NigeriaNigeria Oil Gas & Power 2021NOGP2021 +22

Nigeria: Africa’s Leading Producer

Producing 2.1 million barrels per day (bpd), Nigeria serves as Africa's largest oil and gas producer, although production is currently limited to 1.4 million bpd by OPEC-led quotas. In a bid to develop untapped resources and monetize existing resources, 2020 has seen the launch of a marginal fiel ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoLink > NigeriaNigeria Oil Gas & Power 2021NOGP2021 +29

Fossil fuels account for the largest share of U.S. energy production and consumption

Aramco is still 98% owned by the Saudi government, and the federal coffers, which run everything from the national airline to plans to open up for official tourism are dependent on the dividends that Aramco pays. With dry season in the oil and gas world setting in, some of these projects must now ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +12

Currency appreciation makes crude oil less expensive for some oil importers

Just right now, Total has readied the Odfjell DeepSea Stavanger drill rig in the turbulent waters off South Africa, ready to spud a new wildcat in the offshore Block 11B/12B. And if Luiperd-1 meets expectations, it will be more than just success for Total, it will turn South Africa's upstream jou ...

Hui Shan


Posted 2 months agoLink > exportsImportsBrent +6

TODAY IN ENERGY: Drop in petroleum demand led to rise in crude oil inventories and low refinery utilization

Either way, this has thrown a spanner in the works of the giant, multi-billion oil and gas projects that were announced over the past two years as the energy world began to wake up from its post-2015 price crash investment hibernation. Further impairments were made in April 2020 when the Q1 finan ...

Hui Shan


Posted 3 months agoLink > ConsumptionDemandLiquid Fuels +6

Motor gasoline accounted for almost half of U.S. petroleum consumption in 2019

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 4 months agoLink > ImportsProductionUnited States +3

SHORT-TERM ENERGY OUTLOOK

Bounce back in China's manufacturing sector points the way; other countries expected to follow as lockdown is liftedLatest in series of on-line ADIPEC Energy Dialogues hears it could be late 2021 before oil and gas markets recover to 2019 volumesOPEC+ supply constraints coming under pressure from ...

Hui Shan


Posted 4 months agoLink > EmissionsHydrocarbonOil +8

North American crude oil prices are closely, but not perfectly, connected

A perfect storm of events – the Covid-19 lockdowns, the resulting effect on demand, an ongoing oil supply glut, a worrying shortage of storage space and (crucially) the expiry of the NYMEX WTI benchmark contract for May, resulted in US crude oil prices falling as low as -US$37/b. This was seen as ...

Hui Shan


Posted 5 months agoLink > pricesLiquid FuelsCrude oil +7

EIA expects record liquid fuels inventory builds in early 2020, followed by draws

In the same year, the US leapfrogged Malaysia as the third largest LNG exporter in the world, and by 2025, its LNG production capacity could reach almost 15 bcf/d – eclipsing both Qatar and Australia. With its recent moves to tap into the vast natural gas resources in its offshore North Field and ...

Hui Shan


Posted 5 months agoLink > ProductionsupplyConsumption +8

EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA assumes OPEC members will mostly adhere to announced cuts during the first two months of the agreement (May and June) and that production compliance will relax later in the forecast period as stated production cuts are reduced and global oil demand begins growing. From that point, EIA expects ...

Hui Shan


Posted 5 months agoLink > Crude oilLiquid Fuelsnon Opec +7

SHORT-TERM ENERGY OUTLOOK

From March 16 to May 4, the average regular retail price of gasoline in the West Coast (Petroleum Administration for Defense District, or PADD, 5) fell $0.58/gal to $2.44/gal, the lowest price since March 2016. Although the May 4, 2020, West Coast gasoline price is $0.65/gal higher than the U.S. ...

Hui Shan


Posted 5 months agoLink > nrgedgeSTEOshort term energy outlook +9

COVID-19 mitigation efforts result in the lowest U.S. petroleum consumption in decades

The U.S. Energy Information Administration (EIA) estimates the decline in petroleum product demand by examining the changes in total product supplied, EIA's proxy for consumption. In the week ending April 3, total U.S. product supplied of petroleum products fell by 3.4 million b/d, the largest we ...

Hui Shan


Posted 6 months agoLink > ConsumptionDemandLiquid Fuels +3

U.S. total energy exports exceed imports in 2019 for the first time in 67 years

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 6 months agoLink > Coalnatural gasexports +5

U.S. oil and natural gas proved reserves and production set new records in 2018

Just as quickly as they spiked, crude oil prices have now fallen back to their lowest levels in 6 weeks, trading at the subdued levels seen in late November before the OPEC+ club announced its renewed oil supply deal. Despite assassinations, embassy stormings and ballistic missile retaliations, t ...

Hui Shan


Posted 9 months agoLink > ProductionsuppplyReserves +5