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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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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. That said, outlandish $100 per barrel oil price predictions can once again take a back seat. Keep reading, keep it here, keep it 'crude'!

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Gastech Days I & II: Energy transformation through innovation

Oilholics Synonymous Report

The first two days of Gastech 2024 have flown by with talking points aplenty and a who's-who of the energy industry in Houston at the city's George R. The state of Texas is the US' top crude oil and natural gas producing state. As Q4 2024 approaches, the US remains world's largest LNG exporter and its largest crude oil producer.

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Driving home for Christmas. (petrol prices edition)

Oilholics Synonymous Report

That's because crude oil prices are at their lowest for nearly three years too, owing to lower demand (mainly from China), higher supply (largely from the US) and a stronger dollar (courtesy of the US Federal Reserve). Keep reading, keep it here, keep it 'crude'! To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2024.

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

Net input of crude oil to refiners on average over 4 weeks to the last week was 15.5 lower than average 2024 levels. crude export volumes also eased 9,000 bpd to 3.88 crude exports in 2024. Cushing inventories have been near operational lows in recent months, but climbed to about 25.7 million, 4.2%

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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.