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Saudi Aramco pipeline - ENB
Crude Oil News

Saudis Could Hike Prices For Their Oil To Highest Spreads On Record

March 3, 2022 Andy Del Prado

Saudi Arabia, the world’s largest oil exporter, could raise its official selling prices for Asia for April to the highest differentials to benchmarks on record, as buyers scramble to secure additional crude from the Middle […]

U.S. coal exports
Coal

Six U.S. states accounted for over half of the primary energy produced in 2019

August 31, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, State Energy Data System In 2019, the top six primary energy-producing states—Texas, Pennsylvania, Wyoming, Oklahoma, West Virginia, and North Dakota—accounted for 55 quadrillion British thermal units (quads), or 55% of all of […]

Crude Oil News

China Takes Aim at a Booming $7 Billion Market for Dirty Oil

March 17, 2021 Tracey Woods

One of the fastest-growing corners of China’s energy market is facing a potentially devastating blow as Xi Jinping’s government increases scrutiny of high-emission fuels. Chinese regulators are considering a new tax on imports of so-called […]

Saudis lead OPEC+ majority opinion against February supply increase - Energy News Beat
Crude Oil News

Opec raises demand growth, non-Opec supply forecasts

March 11, 2021 Stu Turley

The group’s latest Monthly Oil Market Report (MOMR) sees global oil demand reaching 96.27mn b/d this year, up by 5.89mn b/d from 2020. The previous report pegged this year’s demand growth at 5.79mn b/d. Opec said it has […]

EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022 - This is SAD - Energy News Beat
Top News

EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022 – This is horrible for the U.S.

February 17, 2021 Stu Turley

Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information […]

Saudi Aramco leverages technology to boost sustainability - Energy News Beat
Crude Oil News

Indications from Saudi Aramco CEO leverages technology to boost sustainability

January 28, 2021 Stu Turley

Saudi Aramco is using new and developing technologies to accelerate its energy transition plans and to decrease carbon emissions. “Our reliability for 2020 is 99.8 percent, one of the highest in the world in terms […]

Iranian-flagged MT Horse
Commodities

China’s Binge on Iranian Oil in Focus Following Tanker Seizures

January 28, 2021 Stu Turley

An increase in Iranian oil exports to China has received some unwanted attention in recent days and is now prompting fears of a clampdown. Indonesia seized two vessels — one of which was Iranian-flagged — on Sunday […]

China Refiner - Energy News Beat
Crude Oil News

China refining growth supports crude demand

January 27, 2021 Stu Turley

 Growing oil product oversupply and government liberalisation efforts are unlikely to lead to any sharp reduction in Chinese refining capacity in the near future, supporting the country’s crude import demand and fuel exports, participants at […]

Oil Rises With Market Structure Pointing to Tight Global Supply- Energy News Beat
Commodities

Oil Rises With Market Structure Pointing to Tight Global Supply

January 27, 2021 Stu Turley

Oil rose as signs of tightening supplies around the world offset concerns over the pandemic’s latest hit to demand. U.S industry data pointed to a sharp drop in the nation’s crude stockpiles last week. If confirmed by […]

Iran Starts Ramping Up Oil Production to Pre-Sanctions Levels - Energy News Beat
Crude Oil News

Iran Starts Ramping Up Oil Production to Pre-Sanctions Levels

January 22, 2021 Stu Turley

Iran has started ramping up its oil production and expects to reach pre-sanctions levels in one to two months, said Deputy Oil Minister Amir Hossein Zamaninia. The oil market will be able to accommodate Iran’s […]

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