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Video: Oil Market Is on a Razor’s Edge, Says FGE’s Fesharaki
Press Release: China Mega-Refineries Barely Impact Diesel Supply
BOSTON, MA, October 15, 2018 China will add 900,000 b/d of crude distillation capacity between late 2018 and early 2019, but China’s overall production of transport fuels will grow less than one might think, according to ESAI Energy’s newly released China Watch. Most notably, ESAI Energy projects China’s overall diesel production could grow by 50,000…
Hose and Coupling World Conference is This Tuesday At GRB
Get 50% off registration with Houston Energy Industry News CODE: HEIN. Click on the image below to register.
By The Numbers, 10/10/2018
The EIA published its Weekly Petroleum Status Report. Here are some highlights. All items are in millions of barrels per day except inventories, which is billions total. Dates are defined as week ending averages, except utilization rate which is a four week ending average. The full report can be found here. Item 10/3/18 9/21/18 Refinery…
Press Release: Asia’s Fuel Subsidies Not Enough to Support Oil Demand Growth
BOSTON, MA, October 12, 2018 Fuel price increases will outpace Asian governments’ ability to offset them with subsidies, according to ESAI Energy’s recently published Asia Watch. India, Malaysia, and the Philippines have already boosted subsidies for gasoline and diesel and Indonesia could soon follow, with national elections coming in 2019. But weakening local currencies are…
Is the Environment Harsh for HE Semisubs?
I had the opportunity to speak with Claudette Gaius, Market Analyst, EPEUS, UK, at the IADC Contracts and Risk Management Conference, held in Houston this week. She and her colleagues at EPEUS have written a white paper on the global supply and demand for HE Semisubs. Here are a few of the major points: HE…
IADC Contracts & Risk Management Conference Concludes Today
The Contracts & Risk Management Conference, sponsored by the International Association of Drilling Contractors concludes today. I had a chance to attend the conference and learn a little about contracts. One presentation that stands out is Global Developments in Bribery and Corruption – Drafting Tips: David Leckie, Partner, Clyde & Co LLP. One point…
Press Release: The Revolutionary Intermodal Warehouse System™ by Sea Box Inc.
EAST RIVERTON, N.J., -- Traditional transport procedures involve complex steps that slow the process, putting cargo and personnel at risk, while costing suppliers at every stage of the journey. As a solution to these challenges, SEA BOX, Inc., a leading manufacturer of shipping & storage containers, has introduced the Intermodal Warehouse System™ (IWS), which ensures…
Conferences and Meetings Next Week
Hose and Coupling World 50% Off Registration CODE: HEIN Oct 16 - 17, 2018 George R Brown Convention Center ISA Automation Expo Oct 16, 2018 Holiday Inn Beaumont Plaza Solid Works Event Oct 17, 2018 Dave and Buster, 6010 Richmond Ave
Petroleum and Other Liquids Inventories are Still High, 10/9/2018
Petroleum Inventories are still very high even though many of the large global producers are cutting back or holding steady. In my opinion, a "revival" in the industry really will not come back unless inventories fall. Why produce more when you cannot sell what you have on your shelf?
