Crude


All posts for Crude

The United States is Now the Largest Global Crude Oil Producer

Source: U.S. Energy Information Administration, Short-Term Energy Outlook The United States likely surpassed Russia and Saudi Arabia to become the world's largest crude oil producer earlier this year, based on preliminary estimates in EIA's Short-Term Energy Outlook (STEO). In February ...

OilVoice Press - OilVoice


Posted 7 days agoOpinion > EIAEnergy Information Administration EIAUnited States +5

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 9 days agoOpinion > ESAIESAI EnergyChina +4

Iran's Loss, Russia's Gain

Russia will export more crude beginning in September, with most incremental exports targeting Europe, according to ESAI Energy's CIS Watch Crude Outlook . Russia's higher exports will come just as European refiners cut imports of Iranian crude, turning Iran's loss into Russia's gain.  According t ...

OilVoice Press - OilVoice


Posted 13 days agoOpinion > ESAIESAI EnergyRussia +6

North America Will Contribute 44% of Global Crude Oil Pipeline Additions to 2022, Says GlobalData

North America is forecast to add the highest trunk pipeline length to the global crude oil pipelines industry of any region between 2018 and 2022, contributing a total length of 16,136 km, which is 44% of global planned additions, according to leading data and analytics company GlobalData . The ...

OilVoice Press - OilVoice


Posted 15 days agoOpinion > CrudeCrude oilOil +4

Iran's Crude Buyers Explore their Options

India and China are exploring ways to keep taking Iranian crude after U.S. sanctions hit in November, according to ESAI Energy's recently published Middle East Watch Crude . Iran's national tanker company, NITC, has begun insuring cargos to both countries, and rupee- and renminbi-riyal payment m ...

OilVoice Press - OilVoice


Posted 21 days agoOpinion > IranIslamic Republic of IranESAI +6

More Than 30% of Global Maritime Crude Oil Trade Moves Through the South China Sea

Source: U.S. Energy Information Administration, based on Clipper Crude Data Service and IHS EDIN Note: Click to enlarge . Total includes small flows (less than 0.1 million barrels per day) not shown on map. The South China Sea is a major trade route for crude oil, and in 2016, more than 30% ...

OilVoice Press - OilVoice


Posted 23 days agoOpinion > EIAEnergy Information Administration EIASouth China Sea +4

Permian Region is Expected to Drive U.S. Crude Oil Production Growth Through 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , August 2018 EIA's August Short-Term Energy Outlook (STEO) forecasts that U.S. crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 million b/d in 2019. If realized, both of these ...

OilVoice Press - OilVoice


Posted 27 days agoOpinion > Permian RegionUnited Statesonshore +6

The Port District of Houston-Galveston Became a Net Exporter of Crude Oil in April

Source: U.S. Energy Information Administration and U.S. Census Bureau Note: Not included in the map are the Houston Intercontinental Airport and the Sugar Land Regional Airport, which are also ports within the Houston-Galveston port district. The U.S. port district of Houston-Galveston in ...

OilVoice Press - OilVoice


Posted 30 days agoOpinion > EIAEnergy Information Administration EIAUnited States +6

President XI Likely to Keep Crude Tariffs Sidelined

Although there is no off-ramp in sight for the trade war between the U.S. and China, stability and energy security are more important for the Chinese leadership than the need to ‘win' the trade war with the U.S., according to ESAI Energy's latest ChinaWatch report.  The first version of the $16 ...

OilVoice Press - OilVoice


Posted 1 month agoOpinion > ESAIESAI EnergyChina +7

Supply-side Shock Ahead in November?

  The US has just rebuffed high-level pleas from the European Union to grant exemptions to European companies operating in and with Iran, underlining America's hardline stance in implementing its renewed sanctions on Iran. The goal is, according to Treasury Secretary Steven Mnuchin, is to reduce ...

Easwaran Kanason


Posted 1 month agoOpinion > IranUSSanctions +4

China is a Key Destination for Increasing U.S. Energy Exports

Source: U.S. Energy Information Administration, Petroleum Supply Monthly , Natural Gas Monthly Republished July 10, 2018, 10:00 a.m. to correct the units for China's imports of crude oil and propane. In recent years, as its domestic energy consumption has grown, China has become a mo ...

OilVoice Press - OilVoice


Posted 2 months agoOpinion > ChinaUSUnited States +10

S&P Global FACTBOX: Physical Oil Markets in Flux Ahead of Key OPEC/Non-OPEC Meeting

  Changing output policy will increase supply of sour crudes Huge imbalance between sweet, sour crudes Growing glut of sweet crudes in Atlantic Basin The oil market currently bears a very different look compared to January 2017 when the 1.8 million b/d OPEC/non-OPEC output cuts were fir ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > S&P Global PlattsOilOPEC +3

FACTBOX: Venezuela's Near Collapse Takes Toll On Oil Industry

Venezuela's near economic collapse has taken a toll on the country's oil production, causing shifts in oil flows as buyers look to secure alternative supplies. As workers have fled the country, state-owned oil company PDVSA has had a difficult time maintaining crude output, let alone boosting prod ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > S&P Global PlattsVenezeulaOil +5

FACTBOX: China Threatens 25% Tariff on US Energy, Agricultural Products

The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese p ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > ChinaUnited StatesUS +10

Development of Alaska’s ANWR Would Increase U.S. Crude Oil Production After 2030

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 , Analysis of Projected Crude Oil Production in the Arctic National Wildlife Refuge In December 2017, the passage of Public Law 115-97 required the U.S. Secretary of the Interior to establish and administer a com ...

OilVoice Press - OilVoice


Posted 3 months agoOpinion > AlaskaUnited StatesUS +6