Post Tagged with: "Crude oil exports"

OPEC keeps curbs - Saudi Arabia Minister of Energy Khalid Al-Falih - Oil & Gas 360

Saudis to Limit Oil Exports in September to Stabilize Market

From The Houston Chronicle


Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

EIA: Saudi Arabia Has Been Exporting More Crude Oil to China, Less to the United States

From the EIA


Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 million barrels per day (b/d), more than 1 million b/d lower than its all-time high in November 2018. Production in Saudi …

Port of Corpus Christi Begins $380 Million Channel Dig to Add 7 More Feet

Port of Corpus Christi Begins $380 Million Channel Dig to Add 7 More Feet

Port of Corpus Christi Begins $380 Million Channel Dig to Add 7 More Feet

From the Houston Chronicle

The Port of Corpus Christi has started work on $380 million project to deepen and widen its ship channel to allow for …

Crude and LNG Exports Are at Stake as Latest Round of U.S.-China Trade Talks Begin

Crude and LNG Exports Are at Stake as Latest Round of U.S.-China Trade Talks Begin

From S&P Global/Platts

Washington — Top US energy and agriculture officials will return to China next week for the latest round of trade talks that could signal whether crude and LNG flows will pick up between the two countries this …

February 11, 2019 - 1:22 pm China, Closing Bell Story‎, Crude Oil Exports from U.S., LNG
U.S. Oil Exports: ICE to Launch Houston Oil Contract

U.S. Oil Exports: ICE to Launch Houston Oil Contract

From Reuters

Intercontinental Exchange on Tuesday said it would launch a crude oil futures contract deliverable in Houston later this quarter, capitalizing on the growth in U.S. exports of crude oil that have risen to about 2 million barrels a …

Bohrturm, Österreich: Weißer Hof 2014

Oil Price Reached $74 This Week, But Double That Could Be on the Horizon

Despite the surprise moderate build in U.S. crude oil stockpiles, analysts are worried of an impending price spike to $150 or more. 

Prices Today

Crude oil stocks rose by 1,245 MBBL last week to 417,881 MBBL from 416,636 MBBL. This …

Saudi, Russia Reaffirm Deal that will Generate Million-Barrel Oil Boost

Saudi, Russia Reaffirm Deal that will Generate Million-Barrel Oil Boost

From The Houston Chronicle

Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies, which they say will mean increasing oil production by 1 million barrels a day.

Their joint announcement came days after U.S. President Donald Trump …

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

Mexico Oil Hedge Expected to Continue With AMLO, Adviser Says

From Bloomberg

Mexico’s new government will probably continue hedging the country’s oil output in what is the world’s largest annual oil deal, according to an economic adviser to president-elect Andres Manuel Lopez Obrador.

The country’s annual sovereign oil hedge and …

Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

From Bloomberg

Under U.S. pressure, kingdom boosts production by 330,000 b/d

Libyan, Venezuelan losses mean total OPEC output holds steady. Saudi Arabia’s biggest oil-production surge in five years was only enough to keep OPEC’s output steady last month, as losses …

Texas Reps Seek Funding for Corpus Christi Ship Channel Improvement Project

Texas Reps Seek Funding for Corpus Christi Ship Channel Improvement Project

From Dredging Today

Project is needed to continue export takeaway growth for U.S. energy

The Port of Corpus Christi’s Ship Channel Improvement Project (CIP) received additional support from bipartisan members of the Texas Congressional Delegation in a recent letter sent …

Enterprise Houston Marine Terminal to Expand, Looks toward Suezmax Docking Capacity for Crude Exports

Enterprise Houston Marine Terminal to Expand, Looks toward Suezmax Docking Capacity for Crude Exports

Enterprise Expands Marine Terminal on the Houston Ship Channel

A Supertanker is Loading Export Crude Oil in Louisiana; Could Change U.S. Oil Export Game

A Supertanker is Loading Export Crude Oil in Louisiana; Could Change U.S. Oil Export Game

From CNBC

Shell Oil is reportedly loading a supertanker in Louisiana, the first of its kind to leave that port with U.S. crude exports. The shipment via the Saudi Arabian-owned supertanker, capable of carrying 2 million barrels, signals the next …

Too Many Crude Tankers is a Major Obstacle for Market’s Restoration of Balance

Too Many Crude Tankers is a Major Obstacle for Market’s Restoration of Balance

From Hellenic Shipping News

The single biggest stumbling block which is hindering the crude tanker market’s recovery and is bound to continue doing so, is the excess supply of ships, a trend which isn’t going away anytime soon.

In its …

February 13, 2018 - 1:20 pm Closing Bell Story‎, Energy News
Canadian Crude Oil Exports Up from 2015

Canadian Crude Oil Exports Up from 2015

Information from the Canadian National Energy Board shows Canadian crude oil exports increased 16 MBOPD

Canadian crude oil exports are up 16 MBOPD in the first seven months of the year compared to the same time period in 2015, according

September 27, 2016 - 6:18 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Warren Buffett Stockpiles More Shares of Phillips 66

Warren Buffett Stockpiles More Shares of Phillips 66

Some analysts say U.S. refiners won’t be hurt by exports

Don’t count Warren Buffett as a participant in the energy market selloff – the legendary investor has purchased nearly $5 billion of Phillips 66 (ticker: PSX) stock since August 2015.…

OPEC Welcomes a New Member

OPEC Welcomes a New Member

Indonesia Rejoins Cartel after Six Year Hiatus

The Organization of Petroleum Exporting Countries (OPEC) welcomed Indonesia back into the fold as the 13th member of the cartel, the Organization said in a press release on September 8, 2015. Indonesia …

September 9, 2015 - 6:35 pm Oil and Gas 360 Articles, OPEC
TOP MINDS IN THE BUSINESS: Adam Sieminski, EIA Administrator

TOP MINDS IN THE BUSINESS: Adam Sieminski, EIA Administrator

An OAG360® Exclusive: Interview with EIA Administrator Adam Sieminski

Listen to the interview

The United States Energy Information Administration (EIA) is the principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing and disseminating energy information to …

U.S. Crude Oil Exports Are Quietly Picking up Steam

U.S. Crude Oil Exports Are Quietly Picking up Steam

Reuters reports Enterprise Products Partners (ticker: EPD) has secured light crude oil export contracts with Mitsubishi’s Petro-Diamond Singapore and Vitol, an independent oil trader, for volumes of 40 MBOPD in 2015. The information comes from Reuters sources based on anonymity, …

U.S. Department of Commerce Loosens Reins on Oil Exports

U.S. Department of Commerce Loosens Reins on Oil Exports

The United States Department of Commerce said it has begun approving requests to sell light processed oil on the international market. The transactions, which now can be conducted by companies without government approval, pertain only to selling crude that has …

The Market Takes a Positive Turn Following Elections

The Market Takes a Positive Turn Following Elections

What will a Republican House and Senate do for the Keystone XL pipeline and crude oil exports ?

The results of the mid-term elections have placed both houses of Congress under Republican control, and the market seems to be responding …

EIA Reports Record High Crude Oil Exports

EIA Reports Record High Crude Oil Exports

Re-exporting Canadian Oil through U.S.

US Crude oil exports twip141022fig1-lgAccording to an Energy Information Administration (EIA) report released October 31, crude oil exports reached their highest levels in 57 years in July.  The EIA reported that the United States exported 401,000 BOPD in July, …

November 3, 2014 - 2:00 pm Canada, Midstream, Oil and Gas 360 Articles, Oil Sands