Petroleum

  • China Is a Plain to Exempt Tariff from U.S. Oil and LNG

    China Is a Plain to Exempt Tariff from U.S. Oil and LNG

    China has opened for purposes for tariff exemptions on numerous U.S. merchandise and commodities together with crude oil and liquefied pure fuel, Reuters reported at present. Tariffs have been blamed for the droop in U.S. oil and LNG exports to China, which is among the greatest importers for each commodity. Additionally, they interfered with U.S. LNG corporations’ plans for brand…

    Read More »
  • Oil Plunges Below $57 Following Coronavirus and OPEC+ Cuts Delays

    Oil Plunges Below $57 Following Coronavirus and OPEC+ Cuts Delays

    Oil dropped below $57 per barrel Tuesday, pressured by concerns over the impact on oil demand from the coronavirus epidemic in China and a lack of further action by OPEC and its partners to support the market. Forecasters, including the International Energy Agency (IEA), have pared 2020 oil demand estimations because of the coronavirus. Although new cases in mainland China…

    Read More »
  • US is letting out its Strategic Petroleum Reserve

    US is letting out its Strategic Petroleum Reserve

    US President Donald Trump’s administration has proposed promoting 15 million barrels of crude oil from the Strategic Petroleum Reserve (SPR), in accordance with the White House budget proposal for the fiscal year 2021, which runs from October via September 2021. On Monday, the finances proposal, which requires approval from Congress, referred to as for the Division of Vitality to promote…

    Read More »
  • Navitas Petroleum Alliance Raises NIS 271 Million for Shenandoah Project

    Navitas Petroleum Alliance Raises NIS 271 Million for Shenandoah Project

    The Navitas Petroleum collaboration, led by chairperson Gideon Tadmor, raised NIS 271 million in the institutional stage of an offering of participation items this morning. The alliance offered units at NIS 20.91 each, representing a 3.7% discount on the closing price of its participation units yesterday. Demand totaled NIS 360 million. Navitas Petroleum owns.5% of the Buckskin Venture in the…

    Read More »
  • China Passes Long Held Tax Waiver for Cleaner Ship Fuel Exports

    China Passes Long Held Tax Waiver for Cleaner Ship Fuel Exports

    China has cleared a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to increase output. However, Beijing may initially curb shipments to focus on growing its coastal marine fuel market, state refiner delegates say. Ships globally have switched to lower sulfur fuels or use emissions-eradicating devices, to adjust to new rules made by the…

    Read More »
  • US Is the Most Successful Oil Exporter Recently

    US Is the Most Successful Oil Exporter Recently

    Petroleum imports to America have been a serious concern for policymakers for more than 50 years. Economists and nationwide safety consultants warned of the large outflow of dollars that had been leaving the U.S. and going to international locations that weren’t very pleasant, akin to Iran, Iraq, and Venezuela. It grew to become such an enormous concern that the federal…

    Read More »
  • US Is Trying to Be the Key Producer of Petroleum

    US Is Trying to Be the Key Producer of Petroleum

    USA is on track to grow to be a web exporter of crude and gasoline for the primary time on document on an annual foundation in 2020, the U.S. Energy Information Administration (EIA) mentioned on Tuesday, resulting from a manufacturing surge that has dramatically diminished the dependence on international oil. U.S. crude oil manufacturing is anticipated to rise by 930,000…

    Read More »
  • US Is Building Up as The Lead Petroleum Exporter

    US Is Building Up as The Lead Petroleum Exporter

    The U.S. solidified its standing as an energy producer by posting the primary full month as a web exporter of crude and petroleum merchandise since authorities information started in 1949. The nation exported 89,000 barrels a day greater than it imported in September, in keeping with data from the Energy Information Administration Friday. Whereas the U.S. has beforehand reported internet…

    Read More »
  • US Petroleum Exports Calculated Higher Than Imports for The First Time Ever

    US Petroleum Exports Calculated Higher Than Imports for The First Time Ever

    In September 2019, the US exported 89 000 bpd extra petroleum (crude oil and petroleum merchandise) than it imported, the primary month this has occurred since month-to-month information started in 1973. A decade in the past, the US was importing 10 million bpd extra petroleum than it was exporting. Long-operating modifications in US commerce patterns for each crude oil and…

    Read More »
  • US Is Still Not Successful in Exporting Net Crude Oil

    US Is Still Not Successful in Exporting Net Crude Oil

    Of all of the developments to return out of the shale oil increase within the U.S., the concept the U.S. may truly obtain vitality independence appeared probably the most unlikely. In any case, in late 2005, weekly internet imports of crude oil and petroleum merchandise had hit a high above 14 million barrels per day. This was the result of…

    Read More »
Close