Post Tagged with: "crude oil imports"

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 …

China’s Unipec Suspends US Oil Imports

China’s Unipec Suspends US Oil Imports

From Reuters

China’s Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.…

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 …

We’re Still Importing Crude Oil from OPEC.  Why?

We’re Still Importing Crude Oil from OPEC. Why?

An end of the year reflection on oil prices, global demand and OPEC by Greg Barnett

It’s Thursday morning, December 31, 2015.

I’m not going to sugar coat it – it’s been a tough year.  There have been family deaths, …