Tag: crude output

Chemical, Conventional Fuels

Permian crude driving storage expansion

August 16, 2019

Via: Petroleum Economist

The major trend in North American storage markets this year has been the focus on handling the continent’s burgeoning crude oil production. It is in a unique position among the world’s centres, with storage hubs in Asia-Pacific and Europe largely […]

Energy Economics, News and Policies, U.S.

US will ‘reinforce its leadership’ as the world’s top crude producer in 2019, IEA says

January 18, 2019

Via: CNBC energy

The level of crude output from the U.S. will once again be a major factor this year, the International Energy Agency (IEA) said its closely-watched report on Friday, with the energy giant on track to reaffirm its position as the […]

Commercialization, Conventional Fuels

OPEC Is Dead, Long Live OPEC+

June 29, 2018

Via: Forbes

Despite ongoing geopolitical and diplomatic turmoil, OPEC and its new petro allies – led by Russia – emerged with an agreement to boost crude output by 1 million barrels per day (b/d) in the name of ‘market stability.’ This was […]