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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 18 hours 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 25 days 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 2 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 2 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 2 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 2 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 3 months agoOpinion > IranUnited StatesSanctions +11

Kayrros Opens Singapore Office, Names Chuanwei Foo Managing Director

New office extends Kayrros presence for greater insight into Asian energy markets PARIS, 3 May, 2018 —Kayrros announced the opening of its Singapore office with the appointment of Chuanwei Foo, who will head Kayrros' Singapore sales efforts as Managing Director, Busin ...

Kayrros


Posted 3 months agoPress > SingaporeSingapore PetroleumOil and Gas +2

Why is Oil Building Up Along China’s Coast?

Crude oil floating storage in China's Shandong province surged by 20 million barrels from late February to early April as an armada of supertankers queued up near the province's coastal refineries to unload their cargoes, satellite images analyzed by Kayrros reveal. A fast-growing energy consumer, ...

Kayrros


Posted 3 months agoOpinion > OilOil and GasChina +9