Crude oil


All posts for Crude oil

This Week in Petroleum: Saudi Arabia crude oil production outage will affect global oil markets and U.S. gasoline prices

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 11 hours agoLink > BrentCrude oilexports +7

Angola Announces Public Tender For Soyo Refinery

The Ministry of Mineral Resources and Petroleum of Angola will launch a public tender for the construction of the Soyo refinery. Initially announced in 2015, the construction of the refinery has since been put on hold. The tender reflects Angola's efforts to boost domestic refining capacity. ...

Aydanur Akkurt - Africa Oil & Power


Posted 22 days agoPress > LuandaAngolaCrude oil +2

This Week in Petroleum: EIA forecasts moderate inventory builds in 2020 and lowers crude oil price forecast

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 1 month agoLink > ConsumptionDemandprices +5

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 1 month agoLink > InternationalChinaSaudi Arabia +7

TODAY IN ENERGY: The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade

The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America. Total oil flows through the Suez Canal and the SUMED pipeline accounted for about 9% of total seaborne traded petroleum ...

Hui Shan


Posted 1 month agoLink > natural gasPipelinesLiquid Fuels +5

Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

The risk assessment comes as the British warship HMS Montrose had to escort the BP oil tanker British Heritage out of the Persian Gulf into the Indian Ocean from being blocked by Iranian vessels. While a risk premium has already been applied to current oil prices, some analysts are suggesting tha ...

Hui Shan


Posted 2 months agoLink > Productionsupplyoutages +5

TODAY IN ENERGY: U.S. crude oil production surpassed 12 million barrels per day in April

The Wafra field was discovered in 1953, and in 1960, Japan's Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. The unique status of the Neutral Zone is exemplified by its struct ...

Hui Shan


Posted 2 months agoLink > ProductionsupplyEIA +5

TODAY IN ENERGY: Crude oil inputs to Mexico’s petroleum refineries continued to decline in 2018

Crude oil inputs to Mexico's petroleum refineries declined for the fifth consecutive year in 2018, falling to nearly 600,000 barrels per day (b/d), a 50% drop from 2013 levels. Petróleos Mexicanos (Pemex), Mexico's national oil company, owns and operates the country's six petroleum refineries, wh ...

Hui Shan


Posted 2 months agoLink > Liquid FuelsCrude oilpetroleum +3

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 2 months agoLink > ChinaCrude oilexports +7

This Week in Petroleum: Lowest crude oil imports since 1986 indicate changes in U.S. Gulf Coast crude oil supply

Lowest crude oil imports since 1986 indicate changes in U.S. Gulf Coast crude oil supply U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. Preliminary ...

Hui Shan


Posted 3 months agoOpinion > CanadaCrude oilexports +8

EIA’s new liquids pipeline projects database shows new U.S. crude oil pipeline capacity

Source:  U.S. Energy Information Administration  liquids pipeline projects database EIA recently launched a new  liquids pipeline projects database  that tracks more than 200 crude oil, hydrocarbon gas liquids (HGL), and petroleum products pipeline projects. Rising domestic crude oil productio ...

Hui Shan


Posted 3 months agoOpinion > ProductionsupplyPipelines +8

World Heavy Oil Congress & Exhibition

OMAN – NEW HOME FOR THE WORLD'S LEADING HEAVY OIL EVENT After a successful 9th edition of the World Heavy Oil Congress & Exhibition (WHOC), the world's leading heavy oil event, returns to the Sultanate of Oman from 2 - 4 September 2019. Held under the auspices of the Ministry of Oil & Gas, Sultana ...

Alphy Nangani


Muscat   Muscat Governorate   OM 02 Sep 2019


Posted 5 months agoEvent > heavy oilGlobal AI in Oil and Gas MarketWorld Heavy Oil COngress +7

HEAVY OIL EXPERTS VISIT OMAN TO SELECT SUBMISSIONS FOR GLOBAL CONGRESS & EXHIBITION IN MUSCAT LATER THIS YEAR

Influential industry leaders gathered in Oman to prepare the groundwork for the World Heavy Oil Congress and Exhibition (WHOC) which will be taking place at the Oman Convention & Exhibition Centre from September 2 nd - September 4 th 2019. Supported by the Ministry of Oil and Gas and hosted by Pe ...

Alphy Nangani


Posted 5 months agoPress > heavy oilOil SandsCrude oil +9

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 8 months agoOpinion > GlobalDataNigeriaCrude +5

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 9 months agoOpinion > GlobalDataRussianatural gas +4