Crude oil

All posts for Crude oil

Markets Have De-Valued Oil Prices: How Long Will It Last?

Comparative inventory: The most important approach to oil & gas price formation Comparative Inventory (C.I.) is the difference between current stock levels of crude oil & select refined products, and their 5-year average. C.I. has accurately predicted most of the changes in oil pric ...

Art Berman - The Petroleum Truth Report

Posted 2 days agoOpinion > Art BermanOil pricesOil +7

East Coast Refiners Receiving More Domestic Crude Oil From Gulf Coast by Tanker and Barge

Source: U.S. Energy Information Administration, Petroleum Supply Monthly Since mid-2017, the East Coast has been receiving as much crude oil by tanker and barge from the Gulf Coast as it has by rail from the Midwest. In April, the volume of crude oil transported by tanker and barge from th ...

OilVoice Press - OilVoice

Posted 3 days agoPress > East CoastRefineryCrude oil +7

OMV Transforms Plastic Waste Into Crude Oil

OMV ReOil recycling plant produces synthetic crude from used plastics From around 100 kilogram of packaging the pilot plant can produce 100 liters of crude per hour Fuel production from waste plastics As part of the 60th anniversary celebrations in the Schwechat Refinery, OMV presented ...

OilVoice Press - OilVoice

Posted 3 days agoPress > OMVCrude oilOil +3

Kayrros Secures $24M in Series B Funding to Expand Energy Market Penetration

New funding deepens the company's crude oil market intelligence and expands its coverage across other energy markets that include petroleum products, natural gas, and power generation PARIS, 18 September 2018  – Kayrros, the leading advanced data analytics firm, today announced that it has rais ...

OilVoice Press - OilVoice

Posted 5 days agoPress > FundingEnergyKayrros +1

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 11 days agoOpinion > EIAEnergy Information Administration EIAUnited States +5

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 16 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 18 days agoOpinion > CrudeCrude oilOil +4

Germany, Italy and Spain Together Contribute More Than 35% to Refining Capacity in Europe, Says GlobalData

Germany, Italy and Spain are the major contributors in the European crude oil refining industry, as the three countries together account for more than 35% of the active refining capacity among all the countries in the region, according to GlobalData, a leading data and analytics company. The compa ...

OilVoice Press - OilVoice

Posted 25 days agoOpinion > GlobalDataRefineryRefining Capacity +5

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 27 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 1 month 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 1 month agoOpinion > EIAEnergy Information Administration EIAUnited States +6

Political Strife Causes Libyan Crude Oil Output to Fall

July was a hectic month for Libyan production, with political strife erasing the recent gains made in the oil sector. The aftermath of fighting at eastern Libyan ports and abductions at Sharara led to an exacerbated drop in production in July, which fell about 20% from Kayrros measurements in June. ...


Posted 1 month agoOpinion > LibyaOil and GasCrude oil

ESAI Energy Sees Ample Crude Supplies

In its recently released five-year Global Crude Oil Outlook , ESAI Energy projects healthy non-OPEC supply growth to 2023. Three trends underscore the expectation that non-OPEC crude and condensate supply will increase by an average of 1 million b/d per annum from 2019 through 2023. Infrastruc ...

OilVoice Press - OilVoice

Posted 1 month agoOpinion > OilCrude oilESAI Energy +2

Iraq Set to Boost Oil Output after Bai Hassan Restart

Kayrros satellite surveillance shows that production has fully resumed at the Bai Hassan field in Iraq. The field is part of a complex of oilfields in Northern Iraq that were shut down mid-October 2017 after the Kurdistan Regional Government (KRG) unilaterally voted for independence from Baghda ...


Posted 2 months agoOpinion > OilOil and GasCrude oil +6

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