Tag: exports/imports

Cold weather, higher exports result in record American natural gas demand

Cold weather, higher exports result in record American natural gas demand

Spot wholesale electricity prices also rose: $200/MWh in New York City, $185/MWh in New England Estimated U.S. natural gas demand on Jan. 1 reached 150.7 billion cubic feet, surpassing the previous single-day record set in 2014, according to the U.S. Energy Information Administration. Much colder-than-normal temperatures across much of the United States have led to increased […]

By January 5, 2018 0 Comments Read More →
Transportation constraints, export costs widen Brent-WTI crude oil price spread

Transportation constraints, export costs widen Brent-WTI crude oil price spread

 China is second-largest destination for U.S. crude oil exports In its Nov. Short-Term Energy Outlook (STEO), EIA forecasts the price difference between West Texas Intermediate (WTI) crude oil priced at Cushing, Oklahoma, and Brent, the global crude oil price benchmark, to remain at $6 per barrel (b) through the first quarter of 2018 before narrowing to $4/b […]

By November 16, 2017 0 Comments Read More →
Russia exports most of its crude oil production, mainly to Europe

Russia exports most of its crude oil production, mainly to Europe

 Russia also exported 1.3 million b/d of fuel oil, 990,000 b/d of diesel, and 120,000 b/d of gasoline in 2016 Russia exported more than 5.2 million b/d of crude oil and condensate and more than 2.4 million b/d of petroleum products in 2016, mostly to countries in Europe, according to the U.S. Energy Information Administration. […]

By November 14, 2017 0 Comments Read More →
More US distillate is being exported, less to Canada

More US distillate is being exported, less to Canada

Exports to Canada decreased by 15,000 b/d U.S. distillate exports have continued to increase in 2017, both in volume and as a share of total distillate production. Domestic distillate demand has remained relatively stable, increasing slightly from January through July 2017, according to the U.S. Energy Information Administration. Distillate exports from the United States reached […]

By November 7, 2017 0 Comments Read More →
Almost 40% of global liquefied natural gas trade moves through the South China Sea

Almost 40% of global liquefied natural gas trade moves through the South China Sea

LNG importers with largest volumes passing through South China Sea are Japan, South Korea, China, and Taiwan The South China Sea is a major route for liquefied natural gas (LNG) trade, and in 2016, almost 40 per cent of global LNG trade, or about 4.7 trillion cubic feet (Tcf), passed through the South China Sea, […]

By November 2, 2017 0 Comments Read More →
Australian domestic natural gas prices increase as LNG exports rise

Australian domestic natural gas prices increase as LNG exports rise

Projected natural gas supply shortfall in domestic market of up to 0.27 billion cubic feet per day in 2018 Australia became the world’s second-largest exporter of liquefied natural gas (LNG) in 2015 and is likely to overtake Qatar as the world’s largest LNG exporter by 2019, according to the U.S. Energy Information Administration. As Australia’s LNG […]

By October 20, 2017 0 Comments Read More →
Crude oil, petroleum product exports reach record levels in first half of 2017

Crude oil, petroleum product exports reach record levels in first half of 2017

  Mexico received 53% of total U.S. gasoline exports in first half of 2017 Crude oil exports in the first half of 2017 increased by more than 300,000 b/d from the first half of 2016 to 784,000 b/d, a 57 per cent increase, according to the U.S. Energy Information Administration. Petroleum product exports also grew over […]

By October 18, 2017 0 Comments Read More →
US crude oil, petroleum products exports double, but drop to Canada

US crude oil, petroleum products exports double, but drop to Canada

Canada’s share of US crude oil exports has declined, dropping from 92% in 2015 to 58% in 2016 US crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016, according to the U.S. […]

U.N. North Korean coal export cap could decrease North Korean export earnings

U.N. North Korean coal export cap could decrease North Korean export earnings

Russia is significant trading partner for North Korea In 2016, the almost $1.2 billion value of North Korean coal exports accounted for about 40 per cent of their total export revenue, according to the U.S. Energy Information Administration. A cap imposed by the United Nations (U.N.) on imports of coal from North Korea would limit North […]

Petroleum product exports from Central Atlantic states unusually high in Feb.

Petroleum product exports from Central Atlantic states unusually high in Feb.

Decline in US gasoline consumption in Jan. and Feb. kept gasoline inventories high Exports of finished petroleum products from the Central Atlantic region of the United States (Petroleum Administration of Defense District, or PADD 1B) reached a record high in Feb. 2017, according to the US Energy Information Administration. Increased exports were driven by lower […]