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Exports

Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day. Read more

Pipeline/Transportation

EIA projects that, for the first time since the 1950s, the United States will export more energy than it imports by 2020 as increases in crude oil, natural gas, and natural gas plant liquids production outpace growth in U.S. energy consumption. Read more

Natural Gas/LNG

An expected increase in U.S. oil exports could weigh on oil prices towards the end of the year. Read more

Refining & Petrochemical Processing

U.S. liquefied natural gas (LNG) exports set two consecutive monthly records in November and December 2018, with 32 and 36 exported cargoes, respectively. Read more

Natural Gas/LNG

EIA’s January 2019 Short-Term Energy Outlook (STEO) expects several U.S. natural gas market trends from 2018 to continue into 2019 and 2020, including relatively stable Henry Hub natural gas prices and increasing natural gas production and exports. Read more

Natural Gas/LNG

Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state’s first deepwater port. Read more

Offshore & Marine

In 2018, the average annual Henry Hub natural gas spot price increased to $3.16 per million British thermal units (MMBtu), up 15 cents from the 2017 average. Read more

Natural Gas/LNG

Cheniere Energy, Inc. announced that the first commissioning cargo of liquefied natural gas (LNG) has loaded and departed from its Corpus Christi liquefaction facility in Texas. Read more

Offshore & Marine

International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operators, refiners, and global oil markets. Read more

Offshore & Marine

EIA projects that U.S. liquefied natural gas (LNG) export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world behind Australia and Qatar. Read more

Natural Gas/LNG

Oil and chemical traders believe the U.S. will become a net exporter for the first time in generations, according to Petrochemical Update’s North American Downstream Market Outlook and Insights 2019. Read more

Refining & Petrochemical Processing

As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. Read more

Refining & Petrochemical Processing

The density of crude oil processed by U.S. Gulf Coast refineries has become lighter since 2008 as refineries moved away from heavier imported crude oil to lighter crude oil produced in Texas. Read more

Refining & Petrochemical Processing

The United States, which became a net natural gas exporter on an annual basis in 2017 for the first time in almost 60 years, has continued to export more natural gas than it imports for five of the first six months in 2018. Read more

Natural Gas/LNG

Members of the Organization of the Petroleum Exporting Countries (OPEC) received about $567 billion in net oil export revenues in 2017, up 29% from revenues in 2016. Read more

Commodities

Enterprise Products Partners L.P. announced that construction is under way to increase loading capacity for liquefied petroleum gas, primarily propane and butane, at the Enterprise Hydrocarbon Terminal. Read more

Offshore & Marine

The U.S. energy regulator has approved a request by Cheniere Energy to feed the first gas into its new liquefied natural gas (LNG) facility in Corpus Christi, Texas, marking the beginning of a commissioning phase for the export terminal. Read more

Natural Gas/LNG

Oil prices fell on Wednesday after Chinese import data showed a slowdown in demand and as a trade dispute between Washington and Beijing escalated further. Read more

Commodities

Distillate fuel continued to be the most exported U.S. petroleum product in 2017, averaging 1.4 million barrels per day (b/d) of gross exports. Read more

Refining & Petrochemical Processing

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