crude oil
Production is projected to rise by 30,000 barrels per day, according to the Energy Information Administration
The Department of Energy said ExxonMobil Pipeline Company (EMPCo) has signed a 20-year lease to operate the St James Marine terminal and Bayou Choctaw 36-inch Pipeline
Around 3.8 tonnes of ‘extremely flammable, unstabilised crude oil’ spilled on to the ground at Sullom Voe Terminal in December 2012
Throughout 2018, many market analysts found the price of oil difficult to predict, with economic and political events confounding market expectations and leading to inaccurate predictions
One of the projects being granted funding aims to enhance the potential for oil recovery
Production in December last year was the highest monthly level seen in US history
The trend is expected to continue for the rest of the year as well as through 2019
Last year, more crude oil was sent to the East Asian nation than any other destination
China was the largest crude oil importer last year at 8.4 million barrels per day (b/d). According to the US Energy Information Administration (EIA), “new refinery capacity and strategic inventory stockpiling combined with declining domestic oil production” were the major factors contributing to the rise. It surpassed the US, which imported 7.9 million b/d in […]
The shutdown of one of the major oil pipelines in the North Sea is worth around £20 million a day. That’s according to industry body Oil & Gas UK, which made the comment following INEOS’ announcement to close the Forties Pipeline System for repair. The pipeline carries around 40% of North Sea crude oil. The […]
