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U.S. Oil Exports to India Jump Amid Sanctions on Russia

OilPrice

The United States exported in February the highest crude oil volumes to India in more than two years as Indian refiners scramble for alternative supply after the latest U.S. sanctions on Russias oil trade. To compare, American crude exports averaged about 221,000 bpd throughout 2024. Last month, U.S.

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China’s Oil Imports Could Rise as Newest Refinery Begins Trial Runs

OilPrice

Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.

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Port of Vancouver reaches record cargo volumes in 2024, as crude oil exports soar

BOE Report

The Port of Vancouver moved a record amount of goods through its gates last year, an increase driven partly by surging oil exports made possible by the Trans Mountain Pipeline. The Vancouver Fraser Port Authority says total freight at the country’s largest port grew five per cent year-over-year to reach 158 million tonnes in 2024.

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Crude oil extraction may be well past peak

Energy Central

World crude oil extraction reached an all-time high of 84.6 World monthly crude oil production based on data of the US Energy Information Administration (EIA). The straight orange line represents the 24-month average during the period June 2022 through May 2024.

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Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2024. Photo: Oil production site. The IEA's prediction is below 1 million bpd.

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Oil on Track to Average $80 in 2024, JP Morgan Highlights

Rigzone: News

Morgan analysts highlighted that Brent crude oil 'is on track to average $80 per barrel in 2024', which they pointed out is $3 below their projections from last June.

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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 This decrease is linked to the natural decline in the Tweneboa, Enyenra, and Ntomme (TEN) field, leading to an escalation in the gas-to-oil ratio and water production in the Jubilee and Sankofa fields. million barrels.