Post Tagged with: "oil exports"

Source: Houston Chronicle

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

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.…

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 …

Mexican Tariffs Could Smack U.S. Refiners, Add to Fuel Costs

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 …

June 3, 2019 - 2:44 pm Closing Bell Story‎, Downstream, Energy News, Trade
Energy Experts to Discuss Booming U.S. Petroleum Exports, Development of Shale and Conventional Plays in 2019 and Oil Market Economics at EnerCom Dallas

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

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 …

October 5, 2018 - 1:46 pm Closing Bell Story‎, Energy News, Transportation
U.S. Oil Exports: ICE to Launch Houston Oil Contract

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

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

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

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 & …