exports/imports – Oil & Gas 360

California was the largest net electricity importer of any state in 2019

December 7, 2020

EIA Electricity routinely flows between the Lower 48 states and, to a lesser extent, between the United States and Canada and Mexico. Electricity generation exceeds electricity consumption in 25 states, and excess electricity is transmitted across state lines—almost 10% of U.S. electricity generation is traded among states. In 2019, California’s net electricity imports were the largest in the country at 70.8 million

In 2019, the U.S. imported $13 billion of energy goods from Mexico, exported $34 billion

November 4, 2020

EIA Oil & Gas 360 Publishers Note: With the uncertainty of OPEC and OPEC + to control inventories, it would make sense for a national security to create the North American Oil Produces Consortium (NOPC) with Canada, US and Mexico. We would be able to get most different blends of oil and energy, and not rely on world leaders out

EIA -Slightly more U.S. petroleum products were exported in first half of 2020 than in 2019

September 28, 2020

EIA In the first half of 2020, the United States exported 5.4 million barrels per day (b/d) of petroleum products, a slight increase of 48,000 b/d (1%) from the first half of 2019. Greater exports of propane and other hydrocarbon gas liquids (HGLs) more than offset declines in U.S. exports of transportation fuels such as gasoline, distillate fuel oil, and

EIA Report – U.S. natural gas exports have been declining since April

September 15, 2020

EIA In 2017, the United States exported more natural gas than it imported on an annual basis for the first time in nearly 60 years, making it a net natural gas exporter. Since then, U.S. net natural gas exports have more than doubled every year: from 0.3 billion cubic feet per day (Bcf/d) in 2017 to 2 Bcf/d in 2018 and

U.S. liquefied natural gas exports have declined by more than half so far in 2020

June 23, 2020

EIA Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas (LNG) for export were a record 9.8 billion cubic feet per day (Bcf/d) in late March 2020, but deliveries fell to less than 4.0 Bcf/d in June, according to data by IHS Markit. A mild winter and COVID-19 mitigation efforts have led to declining global natural gas

Saudi, Russian blame game stalls Monday’s OPEC+ meeting -oilandgas360

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

June 18, 2020

EIA Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel of crude oil sold for its government to meet its immediate spending needs and balance its budget. This says a

Growth in India’s LNG imports will depend on completion of connecting pipelines

May 10, 2020

EIA India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011, gradually increasing LNG imports as the country’s domestic natural gas production declined and domestic consumption increased. India’s LNG import capacity more than doubled during the past 10 years, and the U.S. Energy Information Administration (EIA) expects it to increase by a third in the next

China’s crude oil imports surpassed 10 million barrels per day in 2019

March 23, 2020

EIA China’s annual crude oil imports in 2019 increased to an average of 10.1 million barrels per day (b/d), an increase of 0.9 million b/d from the 2018 average. China remains the world’s top crude oil importer, surpassing the United States in 2017. China’s new refinery capacity and strategic inventory stockpiling, combined with flat domestic oil production, were the major factors contributing

U.S. crude oil production increases; imports remain strong to support refinery operations

February 25, 2020

EIA In the Annual Energy Outlook 2020 Reference case, EIA projects that the United States will remain a net exporter of total petroleum liquids; however, the United States will remain a net importer of crude oil through 2050. United States refineries are some of the most complex in the world and can process a wide range of crude oil qualities. Although U.S crude oil

EIA revises global liquid fuels demand growth down because of the coronavirus

February 13, 2020

EIA In the February 2020 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that global liquid fuels demand will average 101.7 million barrels per day (b/d) in 2020, 1.0 million b/d more than the 2019 average. This latest estimate of 2020 global liquid fuels demand is 378,000 b/d less than was forecast in the January 2020

EIA expects U.S. net natural gas exports to almost double by 2021

January 23, 2020

EIA EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations. In its Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts that U.S. natural gas exports will exceed natural gas

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