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Crude production
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Oil Prices to Remain Low Well Into 2016
Dec 29, 2015Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
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Brent Oil Price Hits 11-year Low amid Oversupply Worries
Dec 22, 2015Brent oil price hit 11-year low Monday as the market continued to be plagued by an oversupply of crude oil and weakening demand. Brent crude for February delivery decreased 53 cents to close at 36.35 U.S. dollars a barrel on the London ...
Tags: Brent oil, Oil prices
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Novak Says Russia Against Global Oil Output Rise, Rather Than Supporting Cut
Dec 15, 2015Russia is against an increase in global crude production, rather than favouring a reduction, and remains pessimistic about the possibility of Moscow and Riyadh reaching a production coordination deal, Russia's energy minister Alexander ...
Tags: crude production, OPEC, oil prices
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China's Crude Stocks Continued to Grow in October
Nov 14, 2015China's crude stocks continued to grow for the fifth straight month in October, despite a month-on-month drop in net imports, output and slight rise in throughput, Platts calculations based on recently released official data showed. Crude ...
Tags: crude stock, crude oil
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Kirby Crude-by-Barge Volumes Slip Further on Lack of Confidence
Nov 4, 2015Crude oil shipments by Kirby's inland barge fleet continued to slide in the third quarter of 2015, as did the price that transporting those volumes can command, executives said during the company's Q3 earnings call Thursday. Kirby moved ...
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Sinopec, Petrochina Cut Domestic Oil Product Sales, Boost Exports
Nov 4, 2015China's state-owned oil giants Sinopec and PetroChina reported a modest 1.73 million mt or 0.7% increase in their domestic oil products sales in the first nine months of 2015, but exports rose by 2.59 million mt or 12% in the same period, ...
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China's Total Available Crude Supply Exceeded Refinery Throughput in December
Jan 25, 2015China's total available crude supply significantly exceeded refinery throughput in December, suggesting 915,000 b/d of crude oil was added to storage during the month, although the total stockbuild during 2014 averaged just over 300,000 ...
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China's Nov Russian Crude Imports Hit Record High
Dec 27, 2014China's crude imports from its major suppliers rose significantly in November versus a year ago, with Russian cargoes hitting a record high, although shipments from top exporter Saudi Arabia fell 5.9% to 3.99 million mt, detailed data from ...
Tags: Crude Imports, pipeline oil
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Chinese Apparent Oil Demand in August Increased 3.7%
Oct 13, 2014Platts’ analysis shows apparent oil demand in August was 41.19 million metric tons (mt), or an average 9.74 million barrels per day (b/d) — an increase of 3.7% year over year. This growth came despite a slew of bearish economic ...
Tags: Oil Demand
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Indonesia to Revise Down Subsidized Fuel Consumption and Crude Production
Jun 23, 2014The Indonesian government reached a deal with lawmakers late Wednesday to revise down its targets for subsidized fuel consumption and crude production in its 2014 budget to make the figures more realistic, officials said. The measure cuts ...
Tags: fuel consumption, crude production
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As From June 2013 to May 2014, South Sudan Sold a Total of 35.5 Million Barrels
Jun 4, 2014South Sudan has received over $3.5 billion from the sale of crude oil between June 2013 and May 2014, the country's oil minister Stephen Dhieu Dau said in a statement made available to Platts in the capital Juba on Sunday. "As from June ...
Tags: crude oil, oil industry
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Crude Production in Libya Is Facing Further Setbacks This Week
May 30, 2014Crude production in Libya is facing further setbacks this week, as loadings out of the 110,000 b/d Marsa al-Hariga crude terminal in Eastern Libya have stuttered to a halt. Traders and shipping sources said that no there have been no ...
Tags: Crude production, oil flowing
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Argentine Oil Production Fell 0.4% in March Compared with The Year-Ago Period
May 28, 2014Argentine oil production fell 0.4% in March compared with the year-ago period, while natural gas output rose 0.5% over the same period, an industry report showed Friday. Crude production declined to an average of 533,651 b/d in March from ...
Tags: oil production, Oil Output
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OPEC Would Need to Boost Its Output in Q3 by Some 900,000 B/D to Meet Rising Demand
May 19, 2014The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...
Tags: OPEC, oil supply
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Iraq Set a New Post-War Record in April for Exports Through Its Southern Terminals
May 7, 2014Iraq exported 2.509 million b/d of crude in April, all from its southern oil terminals as the country's northern export pipeline remained inoperable. April exports were 112,000 b/d more than the 2.397 b/d exported from the country in ...
Tags: Crude, oil terminals
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