Crude


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Key Milestones in 2019 for Oil Prices

The market swang from balanced supply/demand to a supply crunch to a glut – dealing with American sanctions on Iranian crude exports, surging American crude oil production, the implosion of Venezuela's economy and signs that the global economy might be entering a slowdown. Sometime in the first q ...

Hui Shan


Posted 16 days agoLink > CrudeOil pricesBrent +5

Is the US a Net Crude Oil Exporter?

The comparison of those two net trade numbers could be construed that the US has became a net exporter of 0.2 mmb/d of crude and finished products for the week. For any other direction, the US is still a net importer of 4 mmb/d of crude oil or in a net deficit of oil supply by 1.9 mmb/d. But mis ...

Hui Shan


Posted 18 days agoLink > CrudeOil pricesBrent +5

Crude Oil Prices in 2019

This is after OPEC+ managed to corral its members together to agree to a 1.2 mmb/d cut in early December – a move that managed to steady oil prices for mere days. If it manages to keep the supply/demand balance aligned, it is conceivable that crude prices could return to those ranges – which unde ...

Hui Shan


Posted 18 days agoLink > CrudeOil pricesBrent +5

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 29 days agoOpinion > GlobalDataNigeriaCrude +5

OPEC+ Prevails, For Now

Its reasoning made logical sense – Qatar produces very little crude, so to have a say in a cartel focused on crude was not in its interests, which lie in LNG – but it hinted at deep-seated tensions in OPEC that could undermine Saudi Arabia's attempts to corral members. Split between 800,000 b/d f ...

Hui Shan


Posted 1 month agoLink > CrudeOil pricesBrent +7

Russia has Highest Capex on Crude and Natural Gas Projects in Former Soviet Union Over Next Seven Years, says GlobalData

Russia accounts for more than 90% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the Former Soviet Union (FSU) over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘ H2 2018 Prod ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > GlobalDataRussianatural gas +4

For One Week in November, the U.S. Was a Net Exporter of Crude Oil and Petroleum Products

Source: U.S. Energy Information Administration, Weekly Petroleum Status Report During the week ending November 30, 2018, the United States exported more crude oil and petroleum products than it imported for the first time in weekly data going back to 1991. From November 24–30, the United S ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > USAUnited StatesExporter +4

Pipeline Constraints, Refinery Maintenance Push Western Canadian Crude Oil Prices Lower

Source: U.S. Energy Information Administration, based on Bloomberg L.P. Planned maintenance at several large refineries in the Midwest has decreased the volume of crude oil processed in the region, which has resulted in lower prices of Western Canadian Select (WCS), a crude oil typically pro ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > EIAEnergy Information Administration EIApipeline +8

Argus Americas LPG Summit 2019

Register today for the Argus Americas LPG Summit this January to hear in-depth analysis on the fuels side of LPG, including the current state of exports, global market dynamics and other industry fundamentals. Meet with trading partners, prospects, customers and colleagues, and make new ...

Teri Arri


Houston   TX   US 29 Jan 2019


Posted 1 month agoEvent > LPGLPG CylinderLPG Distributor +23

FACTBOX: US Imposes Sanctions on Iranian Crude Exports – S&P Global Platts

US sanctions against Iranian crude exports went back into effect Monday, although top buyers of Iranian crude were given temporary waivers until May, when they will be expected to cut purchases significantly. Oil prices climbed Monday as the sanctions kicked in, but price increases were limited by ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > United StatesUSAIran +8

U.S. Monthly Crude Oil Production Exceeds 11 Million Barrels Per Day in August

Source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. crude oil production reached 11.3 million barrels per day (b/d) in August 2018, according to EIA's latest Petroleum Supply Monthly , up from 10.9 million b/d in July. This is the first time that monthly U.S. p ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > USACrude oilOil +5

Mexico's Crude Production is Destined to Plummet in the Long Run if the New Government’s Strategy Focuses Only on Pemex, says GlobalData

Following the news that Mexico's new government will focus only on Pemex to support crude oil production, David Bautista, Oil and Gas Analyst at GlobalData , offer his view on the effect of this on the industry: “In order to reach the 2,480 thousand barrels per day (mbd) crude oil pro ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > MexicoPemexGlobalData +3

Oil Markets Recover From Panic Attack but Prices Will Go Lower

Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the next few months. The panic attack was caused largely by Trump's August 7 announcement that sanctions would be re-imposed on Iran ...

Art Berman - The Petroleum Truth Report


Posted 2 months agoOpinion > Oiloil priceCrude +5

Resumption of Iran Sanctions Adds Uncertainty to Crude Oil and Gasoline Price Forecasts

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , October 2018 EIA's October 2018 Short-Term Energy Outlook (STEO) forecasts Brent crude oil spot prices, which averaged $79 per barrel (b) in September, to average $81/b in the fourth quarter of 2018, before fall ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > IranIslamic Republic of IranSanctions +11

WTI Oil Price Predictions for 2019

In the United States alone it is believed that a lot of fuel will be used this winter compared to the last. The reasoning behind it was unknown until thorough research was conducted. It looks like this winter is going to be a lot more interesting. The differences in the usage are of course varied, ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > oil priceWTI2019 +6