Supply

Oil

Condensate numbers buried in EIA report

Source: 
FuelFix

The U.S. exported 400,000 barrels of condensate in July, if FuelFix is correct in its reading of Energy Information Administration petroleum supply data.

Oil

EIA: Crude imports up, none from Nigeria

Source: 
Platts

The U.S. imported 569,000 more barrels of crude in July than it did in June, according to data from the Energy Information Administration, which said the figures were still lower than in 2013 and also noted that for the first time, none of the imports came from Nigeria, Platts reports.

Oil

US-led strikes hit IS group as coalition grows

BEIRUT (AP) — American warplanes and drones hit Islamic State group tanks, Humvees, checkpoints and bunkers in airstrikes Friday targeting the extremists in Syria and Iraq, as the U.S.-led coalition expanded to include Britain, Denmark and Belgium.

The European countries committed to take part only in the Iraq part of the military campaign, leaving the operation in Syria to the United States and five Arab allies who began conducting airstrikes there on Tuesday. Still, the broadening of the coalition provides a welcome boost for President Barack Obama and the American-led campaign.

Energy an issue in fight vs Islamic State: Murkowski

As the U.S. and Western nations move to stop the threat of the radical Islamic State group in Iraq and Syria, Sen. Lisa Murkowski on Wednesday called for attention to be paid to the role of oil in Middle East turmoil.

"Energy must have a seat at the table when it comes to national security and foreign policy,” Murkowski said in a statement that accompanied the release of two reports on Islamic State oil sales and Kurdish exports from Iraq. “We cannot understand the Middle East without understanding oil.”

Oil

Oil helping Islamic State group's war chest to grow daily

WASHINGTON (AP) — Islamic State militants, who once relied on wealthy Persian Gulf donors for money, have become a self-sustaining financial juggernaut, earning more than $3 million a day from oil smuggling, human trafficking, theft and extortion, according to U.S. intelligence officials and private experts.

The extremist group's resources exceed that "of any other terrorist group in history," said a U.S. intelligence official who, like others interviewed, spoke on condition of anonymity to discuss classified assessments. Such riches are one reason that American officials are so concerned about the group even while acknowledging they have no evidence it is plotting attacks against the United States.

Analysis: As 2016 nears, Dems take closer look at energy exports

The case laid out Tuesday by former Obama administration economic adviser Lawrence Summers for the lifting of the U.S. ban on crude oil exports had a familiar ring to it.

Summers, at the Brookings Institution, said the U.S. should reap the benefits of other countries becoming dependent on our oil boom, rather than leaving the market to OPEC nations. And he sees a chance to extend American influence through crude exports, as well as those of liquefied natural gas.

Oil

API releases survey of oil and gas vendors

Washington, September 9, 2014, 10:30 am

American Petroleum Institute holds media teleconference to release survey of oil and gas vendors by congressional district. 

Oil

Libya’s biggest port getting oil despite fighting elsewhere

Source: 
The Wall Street Journal

Fighting in Tripoli may have been escalating, but in the east of Libya, the key oil port of Es Sider is once again getting a flow of crude from oilfields after exports there resumed last week following a one-year hiatus, an official told The Wall Street Journal.

Oil

Mexico’s crude output to jump on energy reform: EIA

Source: 
The Hill

Mexican oil production could increase by as much as 75 percent over the next 25 years as a result of its move to open up the country’s energy industry to private investment, according to a prediction from the Energy Information Administration, The Hill reports.

Oil

Libya's largest oil depot begins exports

CAIRO (AP) — Libya's largest export terminal begun loading a tanker Wednesday destined for Italy, its first shipment after a yearlong blockade over disputes between the central government, rebels and protesters, the country's oil corporation said.

The National Oil Corp. said on its website the tanker has been loading 600,000 barrels since early Wednesday. The central government had resolved a dispute last month with militias in the country's east that had caused exports from two of the country's oil ports to stop for almost a year.

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