Tag: imports

U.S. House Republicans exploring border adjustment tax design changes

U.S. House Republicans exploring border adjustment tax design changes

Border adjustment tax facing opposition from retailers, refiners, automakers By David Morgan WASHINGTON, Feb 3 (Reuters) – Republicans in the U.S. House of Representatives are considering possible changes to the design of their controversial border adjustment tax proposal to accommodate industries worried about being harmed by the provision, a top lawmaker said on Friday. The […]

By February 3, 2017 0 Comments Read More →
US crude oil imports increase during first half of 2016, first increase since 2010

US crude oil imports increase during first half of 2016, first increase since 2010

Canada accounted for almost all of increase despite wildfires in Alberta that disrupted production US gross crude oil imports increased by 528,000 b/d, or 7 per cent, during the first half of 2016 compared to the first half of 2015, according to the US Energy Information Administration. This increase reverses a multiyear trend of decreasing US […]

By October 21, 2016 0 Comments Read More →
Propane exports drove US petroleum export growth in first half of 2016

Propane exports drove US petroleum export growth in first half of 2016

Canada was the second-largest recipient of US gasoline at 66,000 b/d in the first half of 2016 In the first half of 2016, the United States exported 4.7 million b/d of petroleum products, an increase of 500,000 b/d over the first half of 2015 and almost 10 times the crude oil export volume, according to the […]

By October 4, 2016 0 Comments Read More →
US both a major importer (East Coast) and exporter (Gulf Coast) of motor gasoline

US both a major importer (East Coast) and exporter (Gulf Coast) of motor gasoline

Gulf Coast sends surplus gasoline to other US regions and to foreign markets The United States simultaneously imports and exports gasoline because of regional differences in gasoline supply and demand balances. The two regions with the largest supply and demand imbalances are the East Coast, which imported 581,000 barrels b/d of gasoline in 2015, and […]

By September 19, 2016 0 Comments Read More →
What shapes American industry’s energy intensity?

What shapes American industry’s energy intensity?

 Industrial energy intensity is expected to decline by 15% from 2015 to 2040 Industrial sector energy intensity is heavily influenced by the composition of goods and services, which is based on both domestic and international demand, according to US Energy Information Administration. In EIA’s Annual Energy Outlook 2016 (AEO2016), industrial energy intensity is expected to […]

By August 19, 2016 0 Comments Read More →
Crude-by-rail volumes to the East Coast are declining – EIA

Crude-by-rail volumes to the East Coast are declining – EIA

Oil carried by rail from Midwest to East Coast remains country’s largest crude-by-rail movement at 176,000 b/d Movements of crude oil by rail within the US averaged 443,000 barrels b/d in the first five months of 2016, down 45 per cent from the same period last year according to the US Energy Information Administration. Fewer shipments of crude […]

Fewer imports, higher refinery runs prompted lower US crude oil inventories

Fewer imports, higher refinery runs prompted lower US crude oil inventories

US gasoline stocks now 11.46% above 5-year average after being in line with average until end of 2015 US Energy Information Administration data Wednesday showed that a reduction in US crude oil imports and an increase in refinery utilization pulled more crude out of storage during the latest reporting week, according to S&P Global Platts. US […]

Brexit economic and energy implications – Wood Mackenzie

Brexit economic and energy implications – Wood Mackenzie

Energy policy unlikely to change, UK has Climate Change Act that governs long-term emissions reductions EDINBURGH/LONDON – The post-Brexit world is likely to include increased economic uncertainty and higher energy import costs, but the structure of the UK energy sector will remain unchanged, according to international consultancy Wood Mackenzie. On June 23, the UK voted […]

Crude oil inventories decline for 6th straight period, Canadian imports rebound

Crude oil inventories decline for 6th straight period, Canadian imports rebound

Canadian crude imports rebounded, rising 501,000 b/d to 3.088 million b/d despite ongoing fires in Alberta’s oil sands producing region According to the Energy Information Administration data, U.S. distillate inventories declined last week for the sixth straight reporting period. According to an S&P Global Platts analysis of the data, distillate inventories showed a drawdown of 1.284 […]

Recent US oil  imports tend to be heavier than domestic production – EIA

Recent US oil imports tend to be heavier than domestic production – EIA

 Most US refineries designed to run medium to heavy crude oil, even though there has been more light oil production According to the U.S Energy Information Administration, in 2015, more than 70 per cent of the crude oil produced in the Lower 48 states was light oil with an API gravity above 35 degrees. At the same […]