Tag: Oil Exports
Saudi Aramco to reopen oil terminal in 2018, boosting export capacity to 15 million b/d
Saudi Aramco overhauled Muajjiz oil terminal on Red Sea Saudi Aramco says in 2018, the overhauled Muajjiz oil terminal located on the Red Sea will be reopened, which will boost export capacity of Saudi Arabia’s state-owned oil giant to as much as 15 million barrels per day (b/d). The Muajjiz oil terminal has been used as […]
Saudi regains top oil supplier spot to China in January
Saudi shipments up 19 per cent on year to 1.18 million b/d By Chen Aizhu BEIJING, Feb 24 (Reuters) – Saudi Arabia regained its spot as top crude oil supplier to China in January, rebounding sharply after a big fall in the previous month, data from the Chinese General Administration of Customs showed on Friday. […]
Potential impact of Iran oil on global supply
Wood Mackenzie forecasts Iran crude oil output to increase by about 0.5 million b/d year-on-year in 2016 According to an analysis by consultancy Wood Mackenzie, the National Iranian Oil Company (NIOC) says it will increase oil production and exports by 500,000 b/d as soon as sanctions were lifted, then raise production levels another 500,000 b/d six months […]
US demand for petroleum fell in October, gasoline demand rose
U.S. total petroleum imports in October averaged nearly 9.4 million barrels per day, up 5.5% from prior year WASHINGTON – Total petroleum deliveries (a measure of demand) fell slightly in October by 0.3 percent from year ago levels, according to API’s Monthly Statistical Report for October 2015. Production of all four major products–gasoline, distillate, jet […]
Senate banking panel backs bill to lift crude oil export ban
White House opposes end to crude oil export ban WASHINGTON – The Senate Banking Committee endorsed a bill Thursday to lift the four-decade-old crude oil export ban, the latest sign of congressional support for legislation that President Barack Obama opposes. The banking panel endorsed the bill, 13-9, on a largely party-line vote. Sen. Heidi Heitkamp of North Dakota […]
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