Sudan conflict risks oil export squeeze
OilX had expected loadings to rise to 135,000 bpd in May, but “this is now at risk”, he said. “If the fighting continues and damages oil infrastructure then these are the volumes that would be at risk”.
OilX
Energy Aspects acquires nowcaster OilX
“With OilX becoming part of Energy Aspects, we will be able to deliver to our clients not only leading energy markets forecasting and insights but also the most accurate view of market movements as they happen.”
Nigeria production bounces back as terminals resume
Nigeria has turned around its production doldrums from the summer, bringing terminals back online and boosting exports.
Nigeria falls behind as output slips under 1mn bpd
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
Digital Petroleum Week London kicks off later this month
A global gathering that connects key players in the digital oil tech ecosystem...
China’s crude oil imports fall in September
Estimates from OilX show China’s crude oil imports fell 8.6% month-on-month to average 9.62 million barrels per day (b/d) in September. This would imply a year-on-year fall of 18.7%, or 2.2 million b/d, the latest data from the analytics firm showed.
OilX to host Digital Petroleum Week Singapore
Digital Petroleum Week Singapore 2021 (www.digitalpetroleumweek.com), a free to attend virtual conference & exposition hosted by OilX and BLOC-X, is a global gathering that connects key players in the digital oil and shipping ecosystem.
Libya’s Gialo-Waha link springs a leak
Libya’s National Oil Corp. (NOC) detected a leak on a pipeline, cutting production from the Gialo field by 60,000-70,000 barrels per day.
China’s oil imports fall on higher prices and Delta variant
Estimates from OilX show China’s crude oil imports fell 4.47% month-on-month to 9.36 million barrels per day (b/d) in July. This would imply a year-on-year fall of 22.4%, or 2.7 million b/d, the latest data from the analytics firm showed.
Outlook for Chinese oil imports remains bullish
China’s crude oil imports rose to 11.69 million barrels per day (b/d) in March, up 21% year-on-year, with further growth expected, reported FitchSolutions.
China’s April oil imports slide on higher crude prices
Estimates from OilX show China’s crude oil imports fell 11% month-on-month to 10.41 million barrels per day (b/d) in April. This would imply a year-on-year increase of 5.37%, or 0.53 million b/d, the latest data from the analytics firm showed.
Traffic jammed at Suez as carrier runs aground
The MT Ever Given container ship has become wedged into the wall of the Suez Canal, blocking the waterway.
Oil RenAIssance: Big Oil is tapping Big Tech once more
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
MapStand knocks down barriers to entry
The energy industry has historically been reticent to share information but MapStand hopes to break down this barrier and allow more people to see more data.
Nigeria faces involuntary output cuts
Nigeria is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.
The digital oil refinery: From processing crude to processing data
How refiners are using digital technologies to become more profitable
West African flows squeezed as China dials down demand
The reduction in Chinese oil demand as a result of the coronavirus has taken its toll on African exports.
‘Surprisingly swift’ uptake of data science in oil and gas
Data science is about recording, storing and analysing massive amounts of data in order to extract useful information and uncover intelligent information for organisations. In recent years, companies across all sectors have been implementing data science in order to become more efficient and the oil industry has not been an exemption.
Libya’s well-timed oil blockade
The Libyan National Army’s (LNA) decision to halt exports from a number of ports brings more pressure to bear on the Tripoli-based Government of National Accord (GNA) but does little to upset the international oil market.