Post Tagged with: "Imports"

Expect Higher Crude Oil Exports to European, Asian Markets:  WoodMac

Expect Higher Crude Oil Exports to European, Asian Markets:  WoodMac

In its appearance at EIA’s annual Energy Conference last week, Wood Mackenzie gave a presentation on crude oil exports, saying that U.S. crude oil exports rose in tandem with U.S. oil production following the repeal of the U.S.’s 40-year crude …

Saudi Arabia Now Targeting U.S. Data to Boost Prices

Saudi Arabia Now Targeting U.S. Data to Boost Prices

As production cuts fail to raise prices further, Saudi Arabia looks to influence U.S. data to strengthen commodity prices

Crude oil prices hit a five-week low Wednesday as OPEC production rose and U.S. inventories showed smaller than expected draws. OPEC …

China Lowers Export Quotas 40% for Majors

China Lowers Export Quotas 40% for Majors

Larger quotas expected later in 2017

China will cut its export quotas to the country’s oil majors by 40% in the first round of licenses for 2017, reports Reuters, even as traders expect allowances for overseas sales to meet …

December 29, 2016 - 5:34 pm China, Closing Bell Story‎, Oil and Gas 360 Articles
Indian Crude Oil Imports Up 17.7% from Last Year – Hitting Record High

Indian Crude Oil Imports Up 17.7% from Last Year – Hitting Record High

Crude oil imports in India reach 4.47 MMBOPD

Demand for crude oil in India remains a bright spot in the markets as imports continue to grow month-over-month. Imports of crude oil grew to a record high 4.47 MMBOPD in September, …

(FILES) This file photo dated 08 September, 2004 shows a PetroChina gas station attendant in Beijing returning the nozzle at the pumps.  Fidelity Investments, the world's largest mutual fund firm, has sold the bulk of its American Depositary Receipts (ADR) in PetroChina amid pressure from United States activists upset over its parent's interests in Sudan, reports said 17 May 2007.  AFP PHOTO / FILES / Frederic J. BROWN

China’s Crude Oil Output Hits Six-Year Low

China’s crude oil imports at a four-month high as the country halts high-cost production

Crude oil production from the world’s largest energy consumer hit a six-year low in August, according to information released by the National Bureau of Statistics Tuesday. …

September 13, 2016 - 5:24 pm China, Closing Bell Story‎, Oil and Gas 360 Articles
Exclusive Interview With Elizabeth Ames Coleman, Former Chairman, Texas Railroad Commission

Exclusive Interview With Elizabeth Ames Coleman, Former Chairman, Texas Railroad Commission

Crude oil plays an important role in both energy and politics, and sometimes policy can have a significant impact on the development of the oil and gas industry. In order to help companies navigate the obstacles of federal regulation, Former …

Russian Crude to China Outpaces Saudi Arabia for Second Time

Russian Crude to China Outpaces Saudi Arabia for Second Time

Imports of Russian crude to China are up 52.4% from last year

For the second time this year, Russia supplied more crude oil to China than Saudi Arabia. Crude imports from Russia increased 53.4% year-over-year in April to reach 1.17 …

Chinese Production Declining As Domestic Demand Ramps Up

Chinese Production Declining As Domestic Demand Ramps Up

Chinese production continues to fall due to aging assets as demand grows

Demand for crude oil at Chinese refineries continues to grow as the country’s aging oil properties slow production. Chinese production fell the most month-over-month since November 2011 in …

Source; Edmonton Journal

Oil Prices Up Due to Canada’s Fire, Libya’s War, and Venezuela’s Incompetence

Wildfires burning out of control in Fort McMurray

Fort McMurray, the heart of much of Canada’s heavy oil sands production, has been evacuated due to a wildfire burning out of control in and around the city. The evacuations have forced …

U.S. Imports of Canadian Crude Oil Hit Record-High 3.2 MMBOPD

U.S. Imports of Canadian Crude Oil Hit Record-High 3.2 MMBOPD

While overall U.S. crude oil imports decline, the U.S. continues to increase imports of Canadian crude oil

The total amount of crude oil imported into the U.S. has steadily declined since a peak in 2005 when imports averaged 10.1 MMBOPD, …

April 12, 2016 - 11:17 am Canada, Closing Bell Story‎, Oil and Gas 360 Articles
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 …

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. Petroleum Imports Lowest Since May 2004

U.S. Petroleum Imports Lowest Since May 2004

The U.S. Census Bureau released the nation’s trade figures for September. Petroleum imports for September 2015 were $13.8 billion. This was the lowest since $13.6 billion recorded in May of 2004.

 

According to trade data published by …

November 4, 2015 - 2:34 pm Oil and Gas 360 Articles, OPEC
California Importing 10X More Gasoline after Torrance Refinery Outage Spiked Prices

California Importing 10X More Gasoline after Torrance Refinery Outage Spiked Prices

california-gas-importsSupply from India, Russia and the UK Heading to the West Coast

Gasoline prices in California has historically been among the highest in the United States, and the drop in supply after a refinery shutdown earlier this year is not …

October 13, 2015 - 6:12 pm Commodity Pricing, Downstream, Oil and Gas 360 Articles
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
OPEC: Too Close to Call - Oil & Gas 360

Crude Cargos from Iraq and Kuwait Higher Last Week

Imports from both OPEC countries were higher than their four-week averages

U.S. imports of crude oil from OPEC members Iraq and Kuwait were higher last week, a note from Global Hunter Securities said today. “Summer refinery gasoline demand is likely …

May 21, 2015 - 6:22 pm International, Oil and Gas 360 Articles, OPEC