Why Is The United States Still Exporting Fuel?
The price of gasoline has climbed above $5 per gallon.
U.S. fuel exports have continued to rise, adding additional pressure on domestic fuel inventories.
“With refiners already running at full tilt, something has to give,” BloombergNEF analyst Danny Adkins told Bloomberg.
2022/06/22 16:03
4 Middle Eastern nations are currently building out their refining capacity.
Middle Eastern refiners could be processing some 8.8 million bpd of crude next year.
4 Middle Eastern nations are currently building out their refining capacity.
This increase is roughly equal to the amount of Russian fuels the European Union has embargoed.
2022/06/22 15:12
5 Midstream Oil Stocks With Perfect Exposure To Soaring Oil Prices
​After a brief hiatus, the oil price rally is back on track. Crude oil closed with its seventh straight weekly gain thanks to tight fuel supplies sustaining bullish sentiment. After a brief fall on Friday following news that U.S. inflation surged to a fresh 40-year high, WTI crude rebounded to end the week with a 1.5% gain to trade at $122.40/barrel, while Brent crude settled 1.9% higher at $124.03.
2022/06/14 19:39
Russian Oil Production May Fall To 18-Year Low On EU Oil Embargo
WSJ: full oil embargo could send Russian production to 9.6 million bpd.
IEA estimates that Russia already shut in nearly 1 million bpd in April.
Russian Finance Minister Siluanov. production could drop by 17 percent this year due to the sanctions.
2022/05/14 11:38
PetroChina: "With the improvement of the COVID situation, refined product inventory is now showing a downturn,".
China's biggest refiner sees growing fuel demand in China.
China manufacturing PMI, a barometer for Chinese oil demand, has come in at 47.4 in April’s official data.
PetroChina: "With the improvement of the COVID situation, refined product inventory is now showing a downturn,".
2022/05/09 17:49
OPEC+ concludes Ministerial meeting with very small additional production increase.
OPEC leaves EU ban of Russian crude undiscussed.
EU sanction drive against Russia has proved to be a boon for OPEC producers.
OPEC is unlikely to materially increase production as EU looks for alternative suppliers.
2022/05/09 14:05
Chinese COVID-19 lockdowns will be a much bigger threat to regional demand in Asia than initially assumed.
Chinese COVID-19 lockdowns will be a much bigger threat to regional demand in Asia than initially assumed.
Looming EU-ban on Russian crude may further improve demand for Middle East crude grades.
Middle East producers continue to hike prices, but not as aggressively as anticipated.
2022/04/21 20:58
U.S. Oil Drillers Ramp Up Output Amid Higher Prices
Permian rig count reached the highest level since April 2020 last week.
Supply chain disruptions and labor shortages are trumped by optimism about demand.
Enterprise Product Partners: U.S. oil production will reach 12.4 million bpd this year, up by 800,000 bpd from 2021.
2022/04/15 20:45
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
2022/03/31 20:48
The UAE and Saudi Arabia look to boost production capacity this decade.
Gulf oil producers slam hypocritical attitude towards fossil fuels.
The UAE and Saudi Arabia look to boost production capacity this decade.
OPEC has its priorities, and it is sticking to them, even in the face of growing pressure from its political partners in the West.
2022/03/31 20:44
U.S. crude production is expected to reach a record high in 2023 due to soaring oil prices and natural gas production will also increase as demand for exports grows.
While the energy transition is undoubtedly underway, the EIA believes oil and gas will continue to dominate the U.S. energy mix in 2050 as population and economic growth boost energy demand.
Electric vehicles are expected to become more popular in the coming decades but gasoline cars will still make up 79 percent of sales in 2050.
U.S. crude production is expected to reach a record high in 2023 due to soaring oil prices and natural gas production will also increase as demand for exports grows.
2022/03/25 18:19
Seaborne crude oil exports from Russia have been higher so far this month compared to February.
Seaborne crude oil exports from Russia have been higher so far this month compared to February.
Petro-Logistics sees the first signs that “a bit more oil” is heading to China, as well as to India.
Some vessels are struggling to find a buyer.
2022/03/18 20:35
Why Is The United States Still Exporting Fuel?
The price of gasoline has climbed above $5 per gallon.
U.S. fuel exports have continued to rise, adding additional pressure on domestic fuel inventories.
“With refiners already running at full tilt, something has to give,” BloombergNEF analyst Danny Adkins told Bloomberg.
4 Middle Eastern nations are currently building out their refining capacity.
Middle Eastern refiners could be processing some 8.8 million bpd of crude next year.
4 Middle Eastern nations are currently building out their refining capacity.
This increase is roughly equal to the amount of Russian fuels the European Union has embargoed.
5 Midstream Oil Stocks With Perfect Exposure To Soaring Oil Prices
​After a brief hiatus, the oil price rally is back on track. Crude oil closed with its seventh straight weekly gain thanks to tight fuel supplies sustaining bullish sentiment. After a brief fall on Friday following news that U.S. inflation surged to a fresh 40-year high, WTI crude rebounded to end the week with a 1.5% gain to trade at $122.40/barrel, while Brent crude settled 1.9% higher at $124.03.
Russian Oil Production May Fall To 18-Year Low On EU Oil Embargo
WSJ: full oil embargo could send Russian production to 9.6 million bpd.
IEA estimates that Russia already shut in nearly 1 million bpd in April.
Russian Finance Minister Siluanov. production could drop by 17 percent this year due to the sanctions.
PetroChina: "With the improvement of the COVID situation, refined product inventory is now showing a downturn,".
China's biggest refiner sees growing fuel demand in China.
China manufacturing PMI, a barometer for Chinese oil demand, has come in at 47.4 in April’s official data.
PetroChina: "With the improvement of the COVID situation, refined product inventory is now showing a downturn,".
OPEC+ concludes Ministerial meeting with very small additional production increase.
OPEC leaves EU ban of Russian crude undiscussed.
EU sanction drive against Russia has proved to be a boon for OPEC producers.
OPEC is unlikely to materially increase production as EU looks for alternative suppliers.
Chinese COVID-19 lockdowns will be a much bigger threat to regional demand in Asia than initially assumed.
Chinese COVID-19 lockdowns will be a much bigger threat to regional demand in Asia than initially assumed.
Looming EU-ban on Russian crude may further improve demand for Middle East crude grades.
Middle East producers continue to hike prices, but not as aggressively as anticipated.
U.S. Oil Drillers Ramp Up Output Amid Higher Prices
Permian rig count reached the highest level since April 2020 last week.
Supply chain disruptions and labor shortages are trumped by optimism about demand.
Enterprise Product Partners: U.S. oil production will reach 12.4 million bpd this year, up by 800,000 bpd from 2021.
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
Oil Prices Continue To Rally As EIA Confirms Crude Inventory Draw
The UAE and Saudi Arabia look to boost production capacity this decade.
Gulf oil producers slam hypocritical attitude towards fossil fuels.
The UAE and Saudi Arabia look to boost production capacity this decade.
OPEC has its priorities, and it is sticking to them, even in the face of growing pressure from its political partners in the West.
U.S. crude production is expected to reach a record high in 2023 due to soaring oil prices and natural gas production will also increase as demand for exports grows.
While the energy transition is undoubtedly underway, the EIA believes oil and gas will continue to dominate the U.S. energy mix in 2050 as population and economic growth boost energy demand.
Electric vehicles are expected to become more popular in the coming decades but gasoline cars will still make up 79 percent of sales in 2050.
U.S. crude production is expected to reach a record high in 2023 due to soaring oil prices and natural gas production will also increase as demand for exports grows.
Seaborne crude oil exports from Russia have been higher so far this month compared to February.
Seaborne crude oil exports from Russia have been higher so far this month compared to February.
Petro-Logistics sees the first signs that “a bit more oil” is heading to China, as well as to India.
Some vessels are struggling to find a buyer.