exports/imports

API gravity of crude oil produced in US varies widely across states

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EIA collected two years of API gravity data through monthly survey of operators in major oil-producing states API gravity is one of the key characteristics of crude oil that, along with other characteristics such as sulfur content, is used by refiners when evaluating different crude streams for processing into petroleum products, according to the US […]

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More Chinese crude oil imports coming from non-OPEC countries

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 China’s crude oil imports expected to continue increasing China is the world’s largest net importer of crude oil, and in recent years China’s crude oil imports have increasingly come from countries outside the Organization of the Petroleum Exporting Countries (OPEC), according to the US Energy Information Administration. While OPEC countries still made up most (57 per

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Increase in rail shipments of propane, butane to West Coast offsets decreasing production

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 Exports of LPG from the West Coast rose by nearly 5,000 b/d in 2016 to more than 37,000 b/d Total US production of propane and butanes—commonly referred to as liquefied petroleum gases (LPG)—increased to 2.1 million b/d in 2016, according to the US Energy Information Administration. Production increased in all regions of the country except for

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Canada still top market, but US crude oil exports went to more destinations in 2016

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Oil tankers were available for back-haul voyages at low rates, reducing US export transportation costs In 2016, US crude oil exports averaged 520,000 b/d, 55,000 b/d (12 per cent) above the 2015 level, despite a year-over-year decline in domestic crude oil production, according to the US Energy Information Administration. Even though oil exports have increased, growth

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Increasing US propane exports contribute to large draw on inventories this winter

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 Most growth in US propane exports serves growing demand from expanding petrochemical sector in Asia US propane inventories, which had been above historical norms since mid-2014, declined by 59 million barrels from the beginning of Oct. 2016 through early March 2017, the largest decline on record for this period, despite unseasonably mild temperatures, according to the

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US crude oil imports from Saudi Arabia, Iraq recently increased, may decline soon

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Supply reductions pledged by Middle East producers disproportionately affected medium, sour crudes US crude oil imports from Saudi Arabia and Iraq, two of the United States’ main sources for imported crude oil, have risen since reaching relatively low points in 2014 and 2015, according to the US Energy Information Administration. On a combined basis, crude

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US energy exports to Mexico in 2016 worth more than twice that of imports

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 Mexico second only to Canada in energy trade with US Energy trade between Mexico and the United States has historically been driven by Mexico’s sales of crude oil to the United States and by US net exports of refined petroleum products to Mexico, according to the US Energy Information Administration. Through 2014, Mexico’s exports of

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Argentina seeking increased natural gas production from shale resources to reduce imports

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Argentina is 3rd, after US, Canada, to commercially develop tight oil and shale gas Despite its estimated 802 trillion cubic feet (Tcf) of unproved, technically recoverable shale gas resources, Argentina’s dry natural gas production declined each year from 2006 to 2014, and the country has shifted from a net exporter of natural gas to a net importer,

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