oil exports Archives - Page 3 of 3

https://www.chron.com/business/energy/conferences/article/Crude-inventories-spike-but-overall-petroleum-14574134.php?cmpid=ffcp-oag360

Crude inventories spike, but overall petroleum stocks fall again

October 30, 2019

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 Wednesday morning on the more bearish crude inventories increase, but the offsetting declines in other petroleum supplies kept oil prices

MEG Energy Clashes with Enbridge Over Sweeping Changes to Mainline Pipeline

August 21, 2019

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. On Aug. 16, MEG Energy Corp. president and CEO Derek Evans wrote a letter to the National Energy Board, Canada’s

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, Oil & Gas 360

Saudis to Limit Oil Exports in September to Stabilize Market

August 8, 2019

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 officials. State-run Saudi Arabian Oil Co., known as Aramco, will cut customer allocations across all regions by a total of

EIA Mexicos Oil and Gas Fields 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 - Oil & Gas 360

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

June 3, 2019

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 the world’s biggest buyer of U.S. energy products. Mexico sends 600,000 to 700,000 barrels of oil to the United States

Energy Experts to Discuss Booming U.S. Petroleum Exports, Development of Shale and Conventional Plays in 2019 and Oil Market Economics at EnerCom Dallas

February 22, 2019

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. The Permian now accounts for 48% of all unconventional oil output and is producing more than all the major basins

Mt Astra (Suezmax) Loading at Corpus Christi ship tanker -Corpus Christi Harbor Island Terminal Complex Targets Deepest Channel Depth of any Onshore Crude Oil Export Facility in the U.S. Oil and GAs 360

Legislators Want More Talks between Port Corpus Christi, Trafigura on Offshore Port

October 5, 2018

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 want it to happen. The reasons center on two primary concerns. Port officials fear a lack of state oversight on

U.S. Oil Exports: ICE to Launch Houston Oil Contract

July 18, 2018

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 day. Houston has become the pricing center for U.S. crude oil production and exports, and the new contract is designed

Saudis’ Biggest Oil Surge in 5 Years Barely Steadies OPEC

July 3, 2018

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 elsewhere in the group piled up. The kingdom is delivering on its promise to try and tame crude prices, boosting

Saudi Arabia Cutting Exports to Asia by 300 MBOPD

June 12, 2017

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 300 MBOPD from June levels. State-run Saudi Aramco will supply full contracted volumes to at least five Asian buyers mainly

No Change in Oil Exports Expected in the Coming Months from the World’s Largest Producers

January 5, 2016

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. The PRIX index forecasts political developments that can affect oil exports from the world’s 20 largest exports based on a

Murkowski Report Suggests Using Executive Power to End Oil Export Ban

June 25, 2015

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 & Natural Resources. Recently, Murkowski presented the findings of a report entitled “Rendering Vital Assistance: Allowing Oil Shipments to U.S. Allies,” that

Premium Content