The United States exported a record 3.8 million bpd of crude in late June after Congress lifted a 40-year export ban in late 2015. Soaring Permian crude output last year exceeded available pipeline space, creating a West Texas glut that knocked regional prices to the lowest levels in four years and helped spur a pipeline construction […]
https://www.rangerminerals.com/wp-content/uploads/2019/07/2019-07-02T154310Z_1_LYNXNPEF611CZ_RTROPTP_3_USA-CRUDE-PIPELINES-Cropped.jpg286763Ranger Land & Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land & Minerals2019-07-08 17:15:062024-02-18 02:36:02U.S. crude to trickle onto new Gulf Coast lines as connections, storage opens: sources
US Accounts For 2018, the Review reported that the world or US Accounts set a new oil consumption record of 99.8 million BPD, which is the ninth straight year global oil demand has increased. The United States remains the world’s top oil consumer, averaging 20.5 million BPD in 2018. China was second at 13.5 million […]
https://www.rangerminerals.com/wp-content/uploads/2019/07/03579826db1d45eccb621fdd6986f3b6.jpg286718Ranger Land & Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land & Minerals2019-07-02 15:33:082024-01-14 03:51:55U.S. Accounts For 98% Of All Global Oil Production Growth
Seek to Support OPEC and Russia Seek to Support the Price of Oil. Oil ministers meeting this coming week are expected to continue an agreement to reduce production. OPEC’s main producers find themselves in a predicament: They must reduce their own output to sustain prices at levels they consider acceptable but the higher prices encourage more […]
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U.S. crude to trickle onto new Gulf Coast lines as connections, storage opens: sources
IndustryThe United States exported a record 3.8 million bpd of crude in late June after Congress lifted a 40-year export ban in late 2015. Soaring Permian crude output last year exceeded available pipeline space, creating a West Texas glut that knocked regional prices to the lowest levels in four years and helped spur a pipeline construction […]
U.S. Accounts For 98% Of All Global Oil Production Growth
IndustryUS Accounts For 2018, the Review reported that the world or US Accounts set a new oil consumption record of 99.8 million BPD, which is the ninth straight year global oil demand has increased. The United States remains the world’s top oil consumer, averaging 20.5 million BPD in 2018. China was second at 13.5 million […]
OPEC and Russia Seek to Support the Price of Oil
IndustrySeek to Support OPEC and Russia Seek to Support the Price of Oil. Oil ministers meeting this coming week are expected to continue an agreement to reduce production. OPEC’s main producers find themselves in a predicament: They must reduce their own output to sustain prices at levels they consider acceptable but the higher prices encourage more […]