16
AUG 2019Western Canadian crude inventories plunge
In early December 2018, the Alberta provincial government took a dramatic step to address the oversupply of oil that was causing the collapse in Canadian crude prices.
Local oil companies were told how much they could produce, starting January 1, making Calgary feel more like an OPEC capital than a freewheeling oil town.
Eight months later, those efforts are bearing fruit.
18
DEC 2018Sharara closure ripples across Mediterranean
In the oil market, no country is an island. A supply disruption one place can have ramifications far away.
Take the recent shutdown of an oilfield in southwestern Libya and why that might matter in Primorsk, Russia or Ceyhan, Turkey.
On December 9, an armed group seized control of the Sharara oilfield (315,000 barrels per day), Libya’s largest.
11
DEC 2018White Paper: Cushing, Houston Battle for Crude Dominance
Cushing, Oklahoma has been the center of the US oil pricing universe since 1983 when the New York Mercantile Exchange (NYMEX) began trading a crude futures contract and selected Cushing as the delivery point.
But the transformation of the US Gulf Coast into a major oil export hub has generated lots of debate about the existing pricing system. Could Cushing's decades-long run soon be over?
06
JUL 2018Crude Oil Inventories Following OPEC+ Conference
Several large oil producing nations having difficulties maintaining production levels.
21
JUN 2018Nigeria Pipeline Break Results in Force Majeure
Pipeline could be operational or flow could be coming from other locations.
30
MAR 2018Libya Oil Disruptions & Inventory Impact
Geopolitical events happening around the globe can often have both direct and indirect impacts on many industries and supply chains. Recent events in Libya, and their disruptive impact on crude oil production, are one example of this.
22
MAR 2018Iranian Oil - Inventories Build, Exports Drop
According to many sources, Iran’s oil exports are falling to a two-year low this month, including this article, which notes that this is actually the third month in a row in which exports have fallen below levels from the previous year.
17
FEB 2018INE Contract Locations Announced
Just this week, storage locations for the Shanghai INE crude futures contract were announced:
15
JAN 2018The Shanghai Crude Oil Benchmark is on the Horizon
09
JAN 2018Why Direct Measurements are Better for Global Energy Data
(Fig 1: The same image of Ningbo, China taken on the same day. Optical imagery is on the left. SAR imagery, which can see through clouds, is on the right.)
Not only is the type of sensors used important, but the methods of collection and the measurement approaches can also be essential to building a valuable data product. For instance, the following can all impact quality:
The frequency of collect
Consistent area collects
The use of direct measurement versus estimation and interpolation