Downstream
2020, November, 11, 14:50:00
OIL PRICES 2020-21: $40 - $47
EIA forecasts Brent crude oil prices will average $47/b in 2021.
2020, November, 3, 12:55:00
CHINA'S REFINERY INVESTMENT $20 BLN
China has a refining capacity of 13.1 mb/d, i.e. 2.5 times as high as in 2000 (5.4 mb/d).
2020, November, 3, 12:45:00
RUSSIA'S INVESTMENT TO IRAN €1.3 BLN
In September 2019, Russia awarded a €1.3bn funding to build the project, which will correspond to 85% of the total investment.
2020, November, 2, 17:15:00
U.S. GAS PRODUCTION DOWN
The preliminary level for dry natural gas production in August 2020 was 2,801 billion cubic feet (Bcf), or 90.4 Bcf/d. This level was 4.5 Bcf/d (-4.7%) lower than the August 2019 level of 94.8 Bcf/d.
2020, October, 7, 10:35:00
OIL PRICES 2020-21: $42 - $47
monthly Brent spot prices will average $42/b during the fourth quarter of 2020 and will rise to an average of $47/b in 2021.
2020, September, 25, 13:15:00
U.S. GAS CONSUMPTION DOWN
Natural gas consumption in the U.S. industrial sector declined from 25.4 billion cubic feet per day (Bcf/d) in January 2020 to 20.1 Bcf/d in June 2020,
2020, September, 25, 12:55:00
RUSSIA'S OIL EXPORTS DOWN, LNG UP
Russia’s crude oil export in January-July 2020 was down 4.2% year-on-year to 143.2 mn tons. In terms of value, crude oil export decreased by 36.6% year-on-year making $43.9 bn.
2020, September, 21, 12:35:00
OIL DEMAND WILL UP BY 6.6 MBD
2021 world oil demand is now forecast to grow by 6.6 mb/d, some 0.4 mb/d lower compared with the previous month’s assessment to average 96.9 mb/d.
2020, September, 10, 14:55:00
GLOBAL PETROLEUM CONSUMPTION WILL UP BY 6.5 MBD
EIA forecasts that consumption of petroleum and liquid fuels globally will average 93.1 million b/d for all of 2020, down 8.3 million b/d from 2019, before increasing by 6.5 million b/d in 2021.
2020, September, 10, 14:20:00
IRAQ'S OIL REFINERY $4 BLN
Iraq imports gasoline and diesel to meet its needs and many of its refineries are either old, dilapidated or were damaged during the 2013-2017 war against the Islamic State.
2020, August, 21, 11:05:00
REFINERIES CUT RUNS BY 20%
Refineries cut runs by 20% in April and May, States Downstream CEO
2020, August, 13, 13:45:00
OIL DEMAND WILL UP BY 7 MBD
For 2021, world oil demand growth is forecast to rise by 7.0 mb/d,
2020, August, 13, 13:40:00
OIL PRICES 2020-21: $43-$50
monthly Brent spot prices will average $43/b during the second half of 2020 and rise to an average of $50/b in 2021.
2020, August, 3, 12:40:00
U.S. GAS PRODUCTION DOWN
The U.S. preliminary level for dry natural gas production in May 2020 was 2,713 billion cubic feet (Bcf), or 87.5 Bcf/d.
2020, July, 31, 10:00:00
IRAQ'S REFINERY $4 BLN
Iraq's Council of Ministers has approved a contract with Japan's JGC Corporation to build a 55,000-bpd refinery in Basra province.
