Sentences with phrase «crude imports»

The U.S. Energy Information Administration projects the oil sands are on track to be the largest single source of U.S. crude imports.

After dropping to just 111,000 bpd in the week that Harvey made landfall, crude imports into Texas ports rebounded to over 1.1 million bpd last week.

The Saudi share of Chinese crude imports at the beginning of the decade was about 20 %, while Russia's was below 7 %, according to data cited by RBC Capital Markets.

Relying on Canadian crude imports is the best choice for the United States — not just because it's reliable and secure but because of Canada's unmatched environmental record, Natural Resources Minister Joe Oliver said Tuesday.

Thanks to vast domestic shale reserves and safe hydraulic fracturing, the U.S. is the world's leading producer of oil and natural gas — which by far has had the most to do with reducing U.S. net crude imports.

A U.S. exit raises the specter of a snapback of extraterritorial sanctions that could curtail foreign investment in Iran's energy sector and cause consuming countries to curb their Iranian crude imports.

If you match these volumes up with a comparison of landed costs of similar crude import streams into the U.S. vs. the prices of Canadian crudes, you can get a sense for the foregone value.

This rebound in refining activity is reflected through in crude import volumes.

12 % of US Daily Crude Imports Done by Enbridge Enbridge Energy is intimately connected with expanding production of oil from the Alberta tar sands and delivering it to the United States — their 2009 annual report states that they transport 71 % of western Canadian crude exports, satisfying 12 % of US daily crude oil imports.

The downward pressure is so great that even record Chinese crude imports for December - as the world's second - largest oil... [Read More...]

It was created in response to falling domestic energy production and rising crude imports — those circumstances no longer exist as a result of America's energy renaissance.

The U.S. is reducing crude imports, but virtually all of that progress is due to increased oil production here at home:

This year a forecast by the International Energy Agency (IEA) predicts that the United States crude imports will fall to near negligible levels by 2040.

The recent jump in U.S. crude imports and inventories could reverse from March given the high compliance to the OPEC proposed cuts, Goldman Sachs said.

Canadian crude imports to the United States decreased for week ending July 15 by 28,000 bpd to 2.849 mn bpd and are now 600,000 bpd below the record - high reached earlier this year, according to the U.S. Energy Information Agency.

Crude inventories dropped by 1.1 million barrels as a result of a decline of 1.3 million barrels per day in net crude imports.

Most Chinese crude imports are light crude from Africa, Russia and the Middle East.

According to the latest available EIA data on U.S. crude imports, Venezuela was the third biggest provider of crude oil to the United States in May this year, with 708,000 bpd of imports and behind only Canada and Saudi Arabia.

U.S. crude imports are at a 16 - year low, reconfiguring the map of global oil trade.

In this way, the Saudis are making sure that China would continue to buy more of their oil, while Beijing is securing part of its crude import needs.

Most of China's crude imports are bought on long - term contracts between China's major oil companies and foreign national oil companies.

Hyundai Oilbank bought 300,000 barrels of crude from Chevron Corp as part of its efforts to diversify its crude imports and gain access to cheaper Canadian oil.

The only other country to have ever come as close is Saudi Arabia, which in May 1991 provided a mere 32 percent of total U.S. crude imports.

It is effectively backing out all of the crude imports into the US, creating self - sufficiency and changing the crude flows worldwide.