United States


All posts for United States

This Week in Petroleum

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 8 days agoLink > BrazilBrentCrude oil +11

The United States now exports crude oil to more destinations than it imports from

As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that receive U.S. exports has also increase ...

Hui Shan


Posted 23 days agoLink > exportsImportsCrude oil +5

ESAI Energy Details the Growing LNG Surplus

Expert Analysis on Growing LNG Market BOSTON, MA, October 16, 2019 – ESAI Energy, an industry-leading energy market research and forecasting firm, examines the impact of an impending global LNG surplus for its clients, complementing the firm's offerings in crude oil, natural gas, refining, pe ...

Jake Wright


Posted 30 days agoPress > LNGLiquified Natural GasLiquefied Natural Gas +6

TODAY IN ENERGY: The U.S. leads global petroleum and natural gas production with record growth in 2018

For the United States and Russia, petroleum and natural gas production is almost evenly split; Saudi Arabia's production heavily favors petroleum. Petroleum production is composed of several types of liquid fuels, including crude oil and lease condensate, natural gas plant liquids (NGPLs), and bi ...

Hui Shan


Posted 2 months agoLink > ProductionsupplyOil +5

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 3 months agoLink > InternationalexportsImports +6

SHORT-TERM ENERGY OUTLOOK

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 3 months agoLink > ElectricityrenewableCoal +10

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 3 months 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 3 months agoLink > InternationalChinaSaudi Arabia +7

North American gas outlook to 2030

Debottlenecking and capacity additions that are currently or soon to be in progress will lead Appalachia to take a much larger role in supply, though associated gas from the Permian Basin will remain a substantial—and low-cost—supply source for much of the US Gulf Coast. However, ongoing associat ...

Hui Shan


Posted 4 months agoLink > Demandsupplygas price +8

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 4 months agoLink > ChinaCrude oilexports +7

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 5 months agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

Analysis: Electric cars and the Permian: Saudi Arabia in Lea County by Dr. Daniel Fine

Some 30,000 children marched in Belgium weeks ago against Climate Change. It is only a matter of two years before a few members of Congress, alone with only cameras today, will march at the head of crowds of 500,000 down Pennsylvania Avenue. It will have its colors; green  — and yellow for the Frenc ...

Will Fine


Posted 8 months agoOpinion > weekly oil newsWorld NewsElectric cars +20

Managing the transition from legacy to modern systems in Oil & Gas

Legacy IT Systems, either software or hardware that were commissioned between the 1980's and early 2000's, are a significant obstacle in any Oil & Gas organisation's drive towards modernisation. Whilst the age of these systems is not necessarily an issue, continued product support is a challenge f ...

Marcus Kelly - TouchstoneEnergy


Posted 8 months agoOpinion > OilandGasE&P SoftwareBusiness Process +8

Alternative Facts About OPEC & U.S. Shale From The Wall Street Journal

Posted in The Petroleum Truth Report on December 19, 2018 The Wall Street Journal's recent editorial “ How America Broke OPEC ” shows that even high-quality journalism is susceptible to the contagion of alternative facts. It is a propaganda piece about how the underdog U.S. oil industry miracul ...

Art Berman - The Petroleum Truth Report


Posted 10 months agoOpinion > OPECUnited StatesUSA +3

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 10 months agoOpinion > OPECNon-OPECNOPEC +91