Post Tagged with: "Exports"

Source: Houston Chronicle

Report: Crude oil exports soar while U.S. inventory grows slightly

Houston Chronicle


Crude oil production and exports soared during the last week of February while U.S. inventories grew slightly, a new report from the Department of Energy showed.

During the last week of February, the United States produced a record …

Source: Cameron LNG Media Kit

LNG Takes up 7 Percent U.S. Gas Production in July

From The Houston Chronicle


U.S. LNG exports have expanded to the point they made up 7 percent of total U.S. natural gas production in July, the Energy Information Administration reported Monday.

Last month gas deliveries to LNG export facilities reached …

August 19, 2019 - 6:03 am Closing Bell Story‎, Energy News, LNG, Natural Gas News, Trade
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 …

China Continued Iran Oil Imports in July in Teeth of U.S. Sanctions: Analysts

China Continued Iran Oil Imports in July in Teeth of U.S. Sanctions: Analysts

From Reuters


China imported Iranian crude oil in July for the second month since a U.S. sanctions waiver ended, according to research from three data firms, with one estimate showing some oil entered tanks holding the country’s strategic reserves.

According …

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

From Reuters


Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers.…

Oil Prices Could Crash by $30 if China Buys Iranian Crude: BofA

Oil Prices Could Crash by $30 if China Buys Iranian Crude: BofA

From CNBC


Crude oil prices could sink by as much as $30 a barrel if China decides to buy Iranian crude oil in retaliation to the latest U.S. tariff measures, according to Bank of America Merrill Lynch.

“While we retain …

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 …

U.S. Sanctions China’s State-Run Oil Company for Buying from Iran

U.S. Sanctions China’s State-Run Oil Company for Buying from Iran

By Tyler Losier, Energy Reporter, Oil & Gas 360

Secretary of State Mike Pompeo announces sanctions for Zhuhai Zhenrong and its chief executive
The United States government will be imposing sanctions on Zhuhai Zhenrong Company Limited, a state-run oil company

Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports

Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports

From Bloomberg


Iran-owned tankers continue to haul shipments to bonded tanks, oil held by Iran’s state-owned producer and Chinese companies

Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude …

EcoStim Energy Solutions provides completion and stimulation services in Argentina's Vaca Muerta shale play.

Seasonal Demand Patterns Give Argentinian LNG a Unique Opportunity

By Tyler Losier, Energy Reporter, Oil & Gas 360

Vaca Muerta production growth leads to LNG exports
In the past few years, Argentina’s natural gas production has been steadily rising, mainly due to an increased focus on the Vaca Mueta

What Energy Security Looks Like: 90% of Natural Gas Used in U.S. Is Produced Domestically

What Energy Security Looks Like: 90% of Natural Gas Used in U.S. Is Produced Domestically

By Tyler Losier, Energy Reporter, Oil & Gas 360


The United States has been a net exporter of natural gas since 2017

In the United States, natural gas is one of the most prevalent sources of energy, and according to

Source: Islamic Republic News Agency

Oil Spikes After ‘Suspicious’ Tanker Attacks in Middle East

By Tyler Losier, Energy Reporter, Oil & Gas 360

Two vessels seriously damaged after seemingly intentional strike
Two tankers were attacked Thursday near the Strait of Hormuz in the Gulf of Oman, leading to a spike in oil prices as

Source: EIA

U.S. Gulf Coast Crude Oil Imports at Lowest Level Since 1986

Domestic production has reduced imports approximately 83% since peak
As of March of this year, the EIA estimates that the United States Gulf Coast imports approximately 1.8 million barrels of crude oil per day (BOPD), the lowest recorded rate since

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

From Bloomberg


Over two million barrels a day of new pipe capacity planned, Storage capacity at Cushing could reach 100 million barrels

America’s largest oil hub in Cushing, Oklahoma, is growing even as producers and traders look to move surging …

Energy Consultant Doubts Jordan Cove Economics

Energy Consultant Doubts Jordan Cove Economics

From the Grand Junction Sentinel

Oregon energy researcher and consultant Robert McCullough has done work in the liquefied natural gas realm while keeping an eye on the controversial Jordan Cove LNG proposal in his home state.

“We were watching the …

June 3, 2019 - 8:35 am Closing Bell Story‎, Energy News, LNG
EOG Earns $635 Million, Plans International Crude Exports

EOG Earns $635 Million, Plans International Crude Exports

Guidance: production above, CapEx below
By Richard Rostad, analyst, Oil & Gas 360

EOG Resources (ticker: EOG) announced first quarter results today, showing net income of $635 million, or $1.10 per share.

EOG reported much smaller derivative losses than many

A Flood of U.S. Oil Exports Is Coming

A Flood of U.S. Oil Exports Is Coming

From Bloomberg

Oil trader Paul Vega is at the vanguard of shale’s next revolution.

Driving his pick-up truck through the heartland of the Permian basin — the vast tract of west Texas scrub where one of history’s greatest oil booms …

March 26, 2019 - 4:30 pm Closing Bell Story‎, Crude Oil News, Energy News
U.S. Energy Dominance Is Good for The World: U.S. Secretary of State Pompeo

U.S. Energy Dominance Is Good for The World: U.S. Secretary of State Pompeo

From the Houston Public Media

U.S. Secretary of State Mike Pompeo said the United States’ growing energy dominance helps its geopolitical goals.

Speaking at the CERAWeek energy conference in Houston last week, Pompeo said the United States is not just …

March 18, 2019 - 6:54 am Closing Bell Story‎, Energy News, People
U.S. Petroleum Trade at All-Time High: Tops 17.5 MMBPD in 2018

U.S. Petroleum Trade at All-Time High: Tops 17.5 MMBPD in 2018

Soaring imports drive new record in crude and products shipments
By Richard Rostad, analyst, Oil & Gas 360

The U.S. has become a major presence in the global petroleum trade, with gross imports and exports reaching an all-time high in

Cove Point Fall Colors, Nov. 2017

U.S. To Become Net Energy Exporter in 2020, Years Ahead of Schedule

LNG Exports, falling oil imports break 66-year pattern
The EIA has released its Annual Energy Outlook, examining major trends in energy in America through 2050.
Perhaps the most significant projection made by the EIA in this year’s AEO regards the

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Why the U.S. Imports LNG from Russia and Nigeria Despite Its Gas-Export Boom

From Bloomberg

More than a decade in and the U.S. shale boom keeps breaking output records, with fields from Pennsylvania to Texas producing more natural gas than the country needs. That has triggered billions of dollars of investments to ship …

January 3, 2019 - 12:27 pm Closing Bell Story‎, Energy News, LNG
U.S. Shale Gas Export Projects Face Much Longer FERC Permitting Delays

U.S. Shale Gas Export Projects Face Much Longer FERC Permitting Delays

From Bloomberg

FERC backlog after a surge in plant applications: unexpected wait could affect commercial viability of projects

The approval of U.S. shale-gas export projects could be delayed by as many as 18 months as the top energy regulator struggles …

July 13, 2018 - 9:09 am Closing Bell Story‎, LNG, Regulatory
Canadian Oil Prices Set to Climb

Canadian Oil Prices Set to Climb

From Bloomberg

Canadian oil prices are poised to continue their slow, steady march upward next year as shipping bottlenecks ease and U.S. refiners look north to fill the gap created by decreasing output from Venezuela, according to Deloitte.

Western …

July 5, 2018 - 1:32 pm Canada, Closing Bell Story‎, Energy News, International
Africa’s Largest non-OPEC Producer is on a Roll

Africa’s Largest non-OPEC Producer is on a Roll

Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, according to the EIA’s newest report on Egypt. In recent years, the country has seen political instability accompanied by growing power …

Trans-Alaska oil pipeline

A Minimum of 5.7 Billion Barrels Await Drillers at ANWR

The Arctic National Wildlife Refuge (ANWR) is located on the northern coast of Alaska, due east of both Prudhoe Bay and the National Petroleum Reserve-Alaska (NPRA). The coastal plain (the 1002 Area) covers 1.5 million acres and is about 8% …

Inventories Back at Five-Year Averages—for Now

Inventories Back at Five-Year Averages—for Now

The production cuts may have erased the surplus, but for how long?

Stored petroleum around the world fell through 2017 and the first quarter of 2018, ending a period of oversupply in the global market that began before OPEC began …

Pioneer Selling Oil at Premium Pricing, Looks to Add 250-275 Wells to Production in 2018

Pioneer Selling Oil at Premium Pricing, Looks to Add 250-275 Wells to Production in 2018

Forecasts cashflow of approximately $3.2 billion at current strip prices for the remainder of 2018 – $66 per barrel for oil and $2.80 per Mcf for natural gas

Running 20 Permian Hz rigs

Pioneer Natural Resources Company (ticker: PXD) reported …

Canada’s Energy Sector Faces Rough Waters

Canada’s Energy Sector Faces Rough Waters

Stiff U.S. competition, an inter-province pipeline row prolongs limited export opportunity, and U.S. is its only big export customer

 

With U.S. shale on a tear, imports are dropping

Total U.S. crude production reached 10 MMBOPD in November 2017 and …

Halliburton Nisku, Alberta Canada
Victor Gribansiciy
November 2006

American Energy Imports Lowest Since 1982

U.S. continues to import less while exporting more

Total net energy imports to the United States fell to 7.3 quadrillion BTUs (quads) in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and …

Tellurian Keeps Sailing

Tellurian Keeps Sailing

Tellurian Inc. (ticker: TELL) wrapped up its first year as a public company, ending 2017 with $128.3 million of cash and cash equivalents. The company remains debt free, but reported a net loss of $231.5 million, or $(1.23) per share …