Tag: Petroleum
Can Alberta govt kick-start petroleum value-added processing?
Alberta can take advantage of market niches to add value to its oil – economist Michael Moore Over the decades, many Alberta premiers have tried to develop value-added processing of the province’s abundant hydrocarbon reserves. Now, it’s Rachel Notley’s turn. The NDP premier has tasked a committee with drafting an energy diversification strategy, with a […]
US petroleum demand rises in August, highest since 2007 – API
August crude oil stocks ended at 515.1 million barrels–highest inventory level in 96 years, since 1920 WASHINGTON – Total petroleum deliveries in Aug. moved up by 1.6 per cent from Aug. 2015 to average 20.1 million barrels per day. These were the highest Aug. deliveries in nine years, since 2007. “When petroleum demand grows it’s […]
Why we love oil/gas AND renewables in a post-climate change world
North American Energy News delivers news stories, analysis, opinion that illuminates this new stage of human history for our readers Every news organization has a bias. Today, I want to write about ours, which is based upon the premise that the global economy has begun a century-long transition from fossil fuels to clean energy technology. I’ve […]
US petroleum demand rises in June to 20.1 million b/d, highest inventory since 1930
June crude oil stocks at 520.9 million barrels–the highest June inventory level in 86 years, since 1930 WASHINGTON, July 21, 2016 – Total petroleum deliveries in June moved up by 2.8 per cent from June 2015 to average 20.1 million barrels per day, according to the American Petroleum Institute. These were the highest deliveries for […]
US petroleum demand rose in May, highest in 8 years
This was the second highest May export level ever Total American petroleum deliveries in May rose by 3.1 per cent from 2015 to average 19.7 million barrels per day, according to new statistics release by the American Petroleum Institute. Compared with April, total domestic petroleum deliveries, a measure of U.S. petroleum demand, decreased by 0.1 per […]
American petroleum demand rises to 19.7 million b/d in April
Highest US April petroleum deliveries since 2008 The summer driving season is upon us and American demand for gasoline is rising to near record levels. Total petroleum deliveries, a measure of demand, in April rose 3.6 per cent from April 2015 to average 19.7 million barrels per day, according to new American Petroleum Institute figures. “April continued […]
March petroleum demand sets record after strong Feb.
Total gasoline stocks rose 5.4% in March to 243.9 million barrels, highest for month since 1982 Total petroleum deliveries, a measure of demand, rose 0.4 per cent in March from March 2015 to average 19.3 million barrels per day, according to the American Petroleum Institute. These were the highest March deliveries in eight years, since 2008. […]
American petroleum demand rises in Jan. to 19.4 million b/d
Record exports of refined petroleum products averaged 4.6 million b/d, up 0.8% compared to Jan. 2015 With global markets awash in crude oil, American demand rose 0.8 per cent in Jan. from the prior year to 19.4 million b/d, according to the American Petroleum Institute. These were the highest January deliveries in eight years, since 2008, says the […]
Fossil fuels make up 80% of global energy supplies in 2035 – BP forecast
BP forecasts demand for natural gas to grow 1.9%/year and oil to grow .9%/year ‘Tis the season for energy super-majors to issue annual energy forecasts – this time from BP – and so far the trends are the same: Growing renewable energy, declining carbon intensity coupled with rapidly growing energy demand, and continuing dominance of […]
United Arab Emirates plans to increase crude oil, natural gas production
United Arab Emirates relies more on enhanced oil recovery for mature fields The United Arab Emirates was the world’s sixth-largest oil producer in 2014, and the second-largest producer of petroleum and other liquids in the Organization of the Petroleum Exporting Countries (OPEC), behind only Saudi Arabia. Because the prospects for further oil discoveries in the […]
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