Post Tagged with: "oil exports"
Chevron’s Venezuelan oil export hopes hit snag
Chevron’s plans to increase its crude oil exports from Venezuela have hit a snag, with the sanctioned South American country unable to bear the cost of dredging a key oil export inlet.
Chevron’s Venezuela hopes include ramping …
Oil exports from Iraq’s Basra Port stop—repair could take weeks
An oil spill has forced a shutdown of all crude oil exports from Iraq’s Basra Port, oil sector sources said on Friday, cited by Reuters.
With four tanker berths, the Basra oil terminal can process 3.3 million …
EXCLUSIVE Russia hikes oil exports from major Eastern port to help offset EU ban
Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the impact of European Union sanctions, three sources familiar with the matter …
Saudi Arabia’s making $1 billion from oil exports every day
(Bloomberg) — Saudi Arabia’s oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production.
The value of crude exports, now almost $1 billion a …
Putin says Russia will find new markets as West rejects oil exports
(Bloomberg) — Russia will find new buyers for its oil, natural gas and coal both at home and abroad as some traditional customers reject its deliveries, said President Vladimir Putin.
While most countries haven’t imposed direct sanctions on …
Iran opens new oil terminal in bid to bypass crucial Strait of Hormuz for exports
WASHINGTON – Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Strait of Hormuz, often a source of international tension.
The …
Iran’s President-elect Raisi rules out meeting Biden as oil markets look to nuclear deal’s future
DUBAI, United Arab Emirates — Iranian President-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday his priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at …
Saudi’s June oil exports down $8.7 billion year-on-year
DUBAI – The value of Saudi Arabia’s June oil exports was down 55% year on year, a drop of $8.7 billion, official data showed on Wednesday.
Compared with May, total exports – including non-oil exports of goods such as …
Crude inventories spike, but overall petroleum stocks fall again
Source: Houston Chronicle
The nation’s supplies of commercial crude oil spiked by 5.7 million barrels last week, but declines in refined products caused overall petroleum supplies to fall for an unprecedented fourth consecutive week.
Crude oil prices dipped a bit …
MEG Energy Clashes with Enbridge Over Sweeping Changes to Mainline Pipeline
From The Calgary Herald
A war of words between oil companies and their main pipeline provider Enbridge Inc. is expected to break out amid sweeping changes to Canada’s biggest oil export pipeline network at a time of tight takeaway capacity.…
Saudis to Limit Oil Exports in September to Stabilize Market
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 …
Mexican Tariffs Could Smack U.S. Refiners, Add to Fuel Costs
From Reuters
HOUSTON (Reuters) – U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. consumers and refiners that use Mexican oil by boosting prices, and raising concerns about potential retaliation by …
Energy Experts to Discuss Booming U.S. Petroleum Exports, Development of Shale and Conventional Plays in 2019 and Oil Market Economics at EnerCom Dallas
For the first time in its storied history, West Texas’s Permian Basin will likely surpass a major milestone in March, when its production is forecast to exceed four million daily barrels (4 MMBOPD), according to U.S. Department of Energy projections…
Legislators Want More Talks between Port Corpus Christi, Trafigura on Offshore Port
Port of Corpus Christi is fearful of fiscal impact from an offshore terminal
From the Corpus Christi Caller Times
The Port of Corpus Christi has made its concerns about a proposed offshore oil terminal plainly clear — it doesn’t …
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 …
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 …
Saudi Arabia Cutting Exports to Asia by 300 MBOPD
Saudi Arabia will be shipping less crude to Asia in June as it prepares for stronger local demand
Saudi Arabia, the world’s top oil exporter, will reduce the number of barrels it sends to Asian markets in July by about …
No Change in Oil Exports Expected in the Coming Months from the World’s Largest Producers
PRIX Index predicts little change in the exports of the world’s 20 largest exporters due to politics
Oil exports are expected to remain static in the world’s 20 largest exporters according to the latest release of the PRIX global index…
Murkowski Report Suggests Using Executive Power to End Oil Export Ban
Senate Committee on Energy & Natural Resources: exempt allies from export ban
Senator Lisa Murkowski (R-AK) has been a vocal proponent of lifting the U.S. crude export ban during her time as head of the Senate Committee on Energy & …
