Saudi Arabia oil exports will dip for a few days because of the damage to oil handling infrastructure. Saudi Arabia oil exports were 7,371.537 Barrel/Day in Dec 2018 and 6,968.319 Barrel/Day in Dec 2017. US oil exports including non-crude oil products for a few weeks in 2019 were over 8 million barrels per day which …
A Houthi Drone Strike has damaged half of Saudi Arabia’s oil capacity. Saudi Arabia says the fire a will be put out and repairs made within days. Yemen’s Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah …
US All Liquids oil production is at 19.6 million barrels per day. US oil production is forecasted to increase by 1-2 million barrels per day by the end of 2020. US crude oil production is at 12.5 million barrels per day. Saudi Arabia had to cut oil production to support oil prices. Saudi Arabia is …
Last week, US crude oil production reached a record 12.5 million barrels per day. Other liquids like natural gas liquids, ethanol and condensate reached 7.1 million barrels per day. The combined numbers are the all liquids production which is now 19.6 million barrels per day. There was a 2012 report from Harvard Professor Maugeri. At …
USA Wants to Buy Greenland and a Fair Value Price Would Be $30-70 Billion
A scenario where a modern society could collapse is if the energy returned from new energy sources drops below critical levels. Clearly, if you spend more energy to build a new reactor or solar farm than what the reactor produces overs its lift then your society will start a downward spiral and produce less and …
U.S. crude oil production reached a new all-time daily average high of 12.2 million barrels per day (MMbpd) in May. In May, Texas crude oil output was over 5 MMbpd for the first time. Texas is only behind Russia, Saudi Arabia and the USA in crude oil output. U.S. crude production would hit 13.4 MMbpd …
Iran shipped over 2.5 million barrels per day of crude oil in April 2018, the month before Trump withdrew the US from the nuclear deal but monthly oil exports were down five times to 330,000 to 500,000 barrels per day in May, 2019. Oil made up 80% of Iran’s exports. Ongoing estimates are that Iran …
US Crude oil production is up 600,000 barrels per day since the start of 2019 to 12.3 million barrels per day. EIA forecasts that U.S. production will increase by 1.4 million b/d in 2019 and by 0.9 million b/d in 2020, with 2020 production averaging 13.3 million b/d. 2020 should have peak production of over …
Russia and China agreed to develop bilateral trade using the Russian ruble and the Chinese yuan. China-Russia bilateral trade was US$24.2 billion in the first quarter of 2019, according to Chinese customs. This was up 30 percent over the first quarter of 2018. China has become Russia’s largest trade partner with about 14 percent of …
One thousand U.S. troops are being sent to the Middle East in response to last week’s attacks on oil tankers in the Gulf of Oman. The US accused Tehran of being responsible for an explosion that set two oil tankers on fire off the coast of Iran. The Pentagon released video last week that officials …