โWith 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.โ
Nigeriaโs 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.
Estimates from OilX show Chinaโs 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.
Estimates from OilX show Chinaโs 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.
Chinaโs 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 Chinaโs 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 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.
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 Armyโs (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.