• 4 minutes What If Canada Had Wind and Not Oilsands?
  • 8 minutes EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 17 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 25 mins U.S. Withdraws From U.N. Human Rights Council
  • 48 mins Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 10 hours Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 13 mins Could oil demand collapse rapidly? Yup, sure could.
  • 10 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 6 hours "The Gasoline Car Is a Car With a Future"
  • 2 hours Saudi Arabia turns to solar
  • 4 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 3 hours What If Canada Had Wind and Not Oilsands?
  • 14 hours North Korea, China Discuss 'True Peace', Denuclearization
  • 6 hours EVs Could Help Coal Demand
  • 4 hours Gazprom Exports to EU Hit Record
  • 14 hours WE Solutions plans to print cars
  • 19 hours Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 1 day Australia mulls LNG import
  • 1 day Oil and Trade War
Alt Text

Oil Prices Rebound On Crude, Gasoline Inventory Draws

Oil prices reversed on Wednesday…

Alt Text

OPEC Confident Global Oil Demand Will Stay Strong

The OPEC technical panel has…

Alt Text

Europe Is Awash With Oil Stored On Ships

Bullish sentiment in markets makes…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

The 3 Most Important Numbers in Energy – 28th March 2014

The Insider’s weekly run-down of critical figures and happenings from around the energy world.

76.2%. Year-on-year increase in Chinese LNG imports during January. With shipments into the country totaling 2.65 million tonnes during the month.

The big jump comes as overall Chinese natural gas demand is surging. China’s apparent demand in January grew 15.3% to 16.89 billion cubic meters, according to calculations from Platts.

The country’s growing appetite for natgas is increasingly being met by imports—with domestic production currently running at just 10.99 billion cubic meters, or 65% of overall demand. Total imports for January were up 48%, met by a combination of LNG and pipeline imports from Central Asia and Myanmar.

585,000 b/d. Amount of heavy crude oil from Canada that could be headed to the major U.S. hub at Cushing, Texas, according to analysis this week from RBN Energy.

Market specialists at RBN note that oil from Cushing (where widely-followed benchmark West Texas Intermediate crude is priced) is increasingly being drained out to refining centers on the Gulf Coast.

However, these supplies may be replaced with oil from a new source—Canadian oil fields, which will be connected to Cushing via the Enbridge Flanagan South pipeline expansion.

RBN expects the majority of this supply to be heavy crude. Which could give a boost to price differentials for producers of this lower-value product. And…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News