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Production in Libya Continues to Increase as Geopolitical Pressure Eases

Libyan oil output recovered in August as security concerns  from the fighting between the Libyan National Army (LNA) and the Petroleum Forces Guard (PFG) grew. There were reports another push would be made by the PFG for control over the Sirte basin and the Ras Lanuf and Es Sider ports in late Augu ...

Kayrros


Posted 1 month agoOpinion > LibyaZawiyaSharara +6

Global Shifts in Floating Storage Visible

Global 10-day floating inventories, excluding Europe and Africa, drew between August 13 and 20. The 10-day floating storage helps monitor congestion at ports, which is now at its lowest level since February 26 of this year. The Middle East Gulf registered a draw for the 10-day idle period and a bui ...

Kayrros


Posted 1 month agoOpinion > floating storageChinese Floating StorageChina +9

Libyan Crude Oil Production Up As Amal Field Restarts

Last week, we reported that Libya's crude oil output fell as political tensions caused significant disruptions in the region. Throughout July, fighting and tensions in Libya caused production to drop, with force majeure declared at the Ras Lanuf facilities. An attack in June—in which four employee ...

Kayrros


Posted 2 months agoOpinion > LibyaOilOil and Gas +4

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. ...

Kayrros


Posted 2 months agoOpinion > LibyaOil and GasCrude oil

Production Restarting In Libya After Fields Come Back Online

Kayrros estimates that more production capacity started to come online at the Elephant oil field and the Sirte basin fields on July 13, reducing total shut-in production in Libya to 180 kb/d. Output is set to further ramp-up in the immediate days as more Eastern fields are likely to restart, includ ...

Kayrros


Posted 3 months agoPress > LibyaNOCProduction +5

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 ...

Kayrros


Posted 3 months agoOpinion > OilOil and GasCrude oil +6

EIA has Reported a Large Draw of Distillate Fuel Oil Demand Over the Last Two Weeks

The EIA reported a draw in distillate fuel oil demand for the second week in a row. While distillate fuel oil demand can be very volatile, the cumulative effect of the last two weeks brings it outside of its usual deviation range.   Finished motor gasoline demand is back within normal range thi ...

Kayrros


Posted 3 months agoOpinion > EIAOilOil and Gas +1

Clean Fuel Policy in India Raises Demand for LPG

After India announced its new clean fuel policy, the demand for kerosene dropped while the demand for Liquefied petroleum gas (LPG) increased The demand for kerosene in India has remained stable since it dropped two years ago after the announcement of a new government p ...

Kayrros


Posted 3 months agoOpinion > Petroleum Productsclean fuelOil India +3

Libyan Crude Oil Supply Disrupted After Port Attacks

Fighting at Libyan Ports damage storage facilities, halting exports and production from major fields in the Sirte Basin. Escalating conflicts since June 14  have forced NOC to declare force majeure at Ras Lanuf and Es Sider late last week. Damage to tanks 2 and 12 a ...

Kayrros


Posted 4 months agoPress

Kayrros Wins Prestigious European Innovation Council Award

Kayrros predictive global energy analysis project recognized for technological innovation Paris, June 18, 2018 -  Kayrros, an advanced data analytics company, was recently awarded a grant from the European Innovation Council (EIC) for its Predictive Analysis on the Worldwi ...

Kayrros


Posted 4 months agoPress > europeEuropean Unioninnovation +4

Kayrros Extends Presence to London, Continues Initial Expansion of Office Network

Kayrros increases its global reach with a new presence in London and Dubai, coupled with offices in Paris, Houston, New York and Singapore PARIS,  9 June 2018 —Kayrros announced the opening of its London office this week, with the appointment of Christer Odegaard as ...

Kayrros


Posted 4 months agoPress > LondonOilSingapore +5

Libyan Oil Output Drops in May Amid Persistent Outages

Oil and gas infrastructure remains affected by repeated outages The Elephant Oil field remains shut down, while high temperatures forced the Libyan state firm AGOCO company to lower output from main fields in the Sirte Basin.   The lower production is in-line with a d ...

Kayrros


Posted 4 months agoPress > LibyaOilOil and Gas +17

Increased Permian Production Helped US Crude Levels Surpass Forecasts

Kayrros global field monitoring revealed aggressive growth in the Permian Basin in March 2018, which will likely reduce its capacity problems sooner than expected.  Texas oil production grew in March 2018 largely driven by the Permian Basin, although the Eagle Ford also ...

Kayrros


Posted 4 months agoOpinion > Oil and GasOilgas +9

Temporary North Sea Shut-ins Increased Disruptions in Global Crude Supply

Kayrros global oil field activity monitoring using advanced data analytics revealed a number of changes in the number of barrels of production lost to disruption during the period from April 30 to May 3: Disruptions in Libya dipped slightly to 118 kb/d. The Elephant field (El-Feel field) remain ...

Kayrros


Posted 5 months agoOpinion > North SeaKayrrosOil +5

Field Activity Levels Increase in Iran Amid Talks of Sanctions

Iran has been ramping up activity at key oil fields as a US decision on sanctions looms. A similar surge occurred after the sanctions were lifted in 2016, as Iran ramped up output to 3.8 MMb/d. Iran inventories have crept up since October 2017, reaching  26.8 MMb in March. Exports have avera ...

Kayrros


Posted 5 months agoOpinion > IranUnited StatesSanctions +11