• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 25 mins U.S. Presidential Elections Status - Electoral Votes
  • 6 hours Locked Thread on the election
  • 15 hours “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
  • 17 hours Censorship in USA
  • 8 mins Mail IN Ballot Fraud
  • 15 hours Michael Moore Cranking Up Planet of the Humans Again
  • 7 hours British PM Eyes Banning Gasoline and Diesel Car Sales
  • 2 days Renewables deprogramming
  • 2 days CREO Syndicate – Ultrawealthy & Oil-igarchs Multi-Trillion Investments on Climate & Green
  • 1 day Conoco Pledges ‘Net-Zero’ Emissions in Break With U.S. Rivals
  • 20 hours San Francisco Imposes Natural Gas Ban
  • 1 day WTI / ​​​​​​​Price Forecasting 

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…




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