Post Tagged with: "Exports"

U.S. Posts $1.9 Billion Trade Surplus with OPEC in February

U.S. Posts $1.9 Billion Trade Surplus with OPEC in February

U.S. posts trade surpluses with OPEC in 10 of the last 12 months as oil prices remain low; a U.S. surplus with OPEC has only happened three times in past 30 years

Data released from the U.S. Census Bureau showed …

Energy Upside: the Surge of Ethane

Energy Upside: the Surge of Ethane

Natural gas production has increased aggressively over the last 10 years after the shale revolution unlocked the door to vast new resource potential.

In the U.S., marketed natural gas production has increased from 53.2 Bcf/d in 2006 to 78.9 Bcf/d …

Source: Iraqenergy.org

A First: Iraq Exports Natural Gas

New Revenue Source: Iraq ships 10,000 standard cubic feet of gas in first ever export

The first ever natural gas export left Iraq’s southern coast yesterday, according to reports from the Associated Press. The historic shipment comes as the …

March 21, 2016 - 3:50 pm Closing Bell Story‎, Oil and Gas 360 Articles, OPEC
Cushing Full by June, Then What?

Cushing Full by June, Then What?

With so much oil being produced in the U.S. and nowhere to store it, why are we still importing?

Crude oil stocks continued to build last week to levels well above the five-year average as global oversupply persists. Production in …

U.S. Coal Exports Down 23%; Imports Stable

U.S. Coal Exports Down 23%; Imports Stable

U.S. remains a net exporter of coal, exporting 74.0 MMst in 2015

Flows of coal in and out of the United States showed a net decline in 2015, with coal exports falling 23% while imports remained relatively unchanged. The U.S. …

March 7, 2016 - 6:08 pm Closing Bell Story‎, Oil and Gas 360 Articles
China Crude Imports Down Over 4%

China Crude Imports Down Over 4%

China net fuel exports down 76% month-over-month

China’s net fuel product exports fell 76% in January from the final month of 2015 to 350,000 metric tons, the lowest level since June, according to Bloomberg. China’s net exports reached the …

U.S. Trade Deficit Reaches $43.8 Billion

U.S. Trade Deficit Reaches $43.8 Billion

Exports of both crude oil and natural gas fell; imports of energy products increased

The U.S. international trade deficit in goods and services increased to $43.8 billion in June from $40.9 billion in May, according to the U.S. Census Bureau

August 5, 2015 - 3:40 pm Oil and Gas 360 Articles
Post Sanctions Iran: a 5 MMBOPD Reality Check

Post Sanctions Iran: a 5 MMBOPD Reality Check

P5+1 used financial isolation to force Iran to nuclear negotiation table

A sanctions regime was put in place against Iran starting in 2005 when the international community found that the Middle Eastern country was not in compliance with its obligations …

Rosneft Asks Russia for an End to Gazprom’s Export Monopoly

Rosneft Asks Russia for an End to Gazprom’s Export Monopoly

Update: Energy Minister Wants to Maintain Monopoly

Alexander Novak, the Energy Minister of the Russian Federation, came out in favor of continuing Gazprom’s monopoly of exporting pipeline natural gas on July 28, reports Russian news agency Tass. “We are …

July 23, 2015 - 6:26 pm International, Oil and Gas 360 Articles
U.S. petroleum exports averaged 4.1 MMBOPD for the first four months of 2015

U.S. petroleum exports averaged 4.1 MMBOPD for the first four months of 2015

U.S. Gulf Coast Makes up 75% of Petroleum Product Exports

US Petroleum Exports Imports

Roughly 75% of exported petroleum products come from the U.S. Gulf Coast, according to information from the Energy Information Administration (EIA). More than half of the country’s refining capacity is …

July 8, 2015 - 2:22 pm Chart of Week, Oil and Gas 360 Articles
Source: theiet.org

PRIX Index Drops to 55

OPEC member exports expected to rise the most from political developments in Q3

The PRIX index, which forecasts the effects of political developments on oil exports, fell one point to 55 for the third quarter of 2015. The index works …

June 29, 2015 - 6:11 pm International, Oil and Gas 360 Articles, OPEC
Source: theiet.org

Crude Exports from Iran Down Nearly 50% in Three Years

Sanctions against Iran have dramatically reduced its crude oil exports

The five permanent members of the United Nations Security Council and Germany (P5+1) are set to reach a comprehensive agreement with Iran regarding its nuclear agreement by June 30, potentially …

All OPEC Members are not Created Equal

All OPEC Members are not Created Equal

Country Budgets in Oil Price Rout are Unsettling Some Members

The oil and gas world is not expecting to receive any groundbreaking news from this Friday’s meeting of the Organization of Petroleum Exporting Countries (OPEC). But the likelihood of all …

June 1, 2015 - 7:10 pm International, Oil and Gas 360 Articles, OPEC
B.C. LNG Project Hits Speedbump, U.S. LNG Moves Forward

B.C. LNG Project Hits Speedbump, U.S. LNG Moves Forward

Environmental concerns in Canada prompt First Nations to turn down $1 billion offer

A First Nations group in British Columbia has unanimously voted against allowing a liquefied natural gas ship terminal near the community. The terminal would be part of …

May 14, 2015 - 4:01 pm Canada, LNG, Oil and Gas 360 Articles, Regulatory
If Export Restraints are Removed from U.S. Producers, What can Refiners Expect?

If Export Restraints are Removed from U.S. Producers, What can Refiners Expect?

The EIA released a report showing its expectations for the refining sector based on U.S. oil production and whether or not crude oil export laws are reversed

How increased production and U.S. export laws might affect refiners has been a …

May 11, 2015 - 2:33 pm Downstream, Oil and Gas 360 Articles
Source: PRIX Index

PRIX Index Predicts Increased Oil Exports from Iraq and Iran

Geopolitics in commodity markets can be one of the hardest factors to predict when forecasting global market movements.

The most recent update to the PRIX Index, published April 30, showed an overall value of 56, meaning exports from the …

PRIX Index Forecasts Political Risk for Oil Exports

PRIX Index Forecasts Political Risk for Oil Exports

New index could help predict political impacts on the international flow of oil

Oil, like certain other minerals, is one of the most highly politicized commodities traded across the globe. When analysts try to predict what countries will be increasing …

EIA: Iran Oil Exports Could Lower Prices up to $15 per Barrel

EIA: Iran Oil Exports Could Lower Prices up to $15 per Barrel

Iranian oil could potentially drop oil prices by $5 to $15 in 2016

The Energy Information Administration (EIA) released its Short-Term Energy Outlook (STEO) for April 2015 projecting that oil prices could drop by $15 if sanctions on Iran are …

April 15, 2015 - 6:36 pm International, Oil and Gas 360 Articles, OPEC
A rig site in North Dakota

U.S. Noncrude Exports Continue Record-Setting Trend

United States exports of noncrude petroleum products increased for the 13th straight year in 2014, the Energy Information Administration said in a report on March 5, 2015. The U.S. averaged 3.8 MMBOPD in 2014 – an increase of approximately …

Source: Rosneft

Rosneft CEO Blames OPEC for Prices, Decline Expected for Russian Exports

Rosneft’s CEO blamed OPEC for the crash in oil prices putting pressure on the Russian economy

Igor Sechin, CEO of state-run energy giant Rosneft (ticker: RNFTF), made a rare appearance in London for the International Petroleum Week event where he …

February 12, 2015 - 4:07 pm International, Oil and Gas 360 Articles
Chart of the Week: U.S. Production vs. China Demand

Chart of the Week: U.S. Production vs. China Demand

United States crude production is expected to be at its highest since 1986, according to information compiled from Bloomberg and the Energy Information Administration. The increased domestic production has allowed the U.S. to diminish its need for imports – a …

February 6, 2015 - 6:41 pm Chart of Week, International, Oil and Gas 360 Articles
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, …

Source: Royal Dutch Shell

New Bill to Expand U.S. LNG Exports

New legislation set to allow LNG export to WTO members without DOE approval

Congressman Mike Turner (R-OH) reintroduced legislation, titled the “American Job Creation and Strategic Alliances LNG Act,” yesterday in order to lift trade restrictions on the …

January 14, 2015 - 6:44 pm Oil and Gas 360 Articles, Politics & Opinions
EIA Reports on Benefits of U.S. Exports

EIA Reports on Benefits of U.S. Exports

Exports of liquefied natural gas (LNG) are set to begin in 2015, and the number of United States LNG export stations are expected to triple by 2019. The next phase of U.S. energy is almost here, regardless of dissenting opinions …

U.S. Coal Exports Drop 16% in First Half of 2014

U.S. Coal Exports Drop 16% in First Half of 2014

U.S. coal exports continued to decline from record volumes in 2012, according to an EIA report out today.

In the first half of 2014, U.S. coal exports were at 52.3 million short tons (MMst), down 16% from the export levels …

October 3, 2014 - 11:12 am International, Oil and Gas 360 Articles
Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban

Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban

The Brookings Institute released a study last week comparing the effects of immediate lifting of the U.S. crude oil export ban vs. delaying till 2020.

The study data showed a positive uptick for the GDP in all cases, a 0.14 …

September 15, 2014 - 6:56 pm Oil and Gas 360 Articles, Oilfield Services, OPEC
U.S. Energy: EU’s Alternative to Russia?

U.S. Energy: EU’s Alternative to Russia?

The European Union (EU) and United States levied more sanctions on Russia today in an effort to hamper the country’s already struggling economy. The latest sanctions primarily target Russia’s oil industry and military equipment. Supermajors participating in projects with Russia’s …

Government Agencies Backing Up Claim to Grant Speedy LNG Export Approvals

Government Agencies Backing Up Claim to Grant Speedy LNG Export Approvals

In May 2014, the United States government announced intentions to accelerate the review process for LNG exports. The decision came when tensions were rising among Russia and the rest of Europe regarding its involvement in Ukraine. Europe threatened sanctions and …

CNBC: Atlas Energy CEO on NatGas from EnerCom in Denver

Atlas Energy CEO Ed Cohen appeared on CNBC’s Squawk Box from EnerCom’s The Oil & Gas Conference in Denver, Colorado, to discuss the current natural gas landscape and how “too much of a good thing” has supposed prices.

Important

August 28, 2014 - 10:48 am Oil and Gas 360 Articles, Oilfield Services
DOE Approves First West Coast LNG Terminal

DOE Approves First West Coast LNG Terminal

Yesterday, the Department of Energy (DOE) announced that it will allow LNG Development Co. (ticker: LLC) to export LNG from a terminal in Warrenton, Oregon, to countries without a Free Trade Agreement. The terminal is the first of its …