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”.
“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 has turned around its production doldrums from the summer, bringing terminals back online and boosting exports.
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.
A global gathering that connects key players in the digital oil tech ecosystem...
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.
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 National Oil Corp. (NOC) detected a leak on a pipeline, cutting production from the Gialo field by 60,000-70,000 barrels per day.
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.
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.
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.
The MT Ever Given container ship has become wedged into the wall of the Suez Canal, blocking the waterway.
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
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 is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.
How refiners are using digital technologies to become more profitable
The reduction in Chinese oil demand as a result of the coronavirus has taken its toll on African exports.
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.
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.