US energy trade balance still dominated by crude oil imports, says EIA
The US EIA reports that the US trade gap for products has narrowed, with imports 1.5 times greater than exports.
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Figures from first half of 2018 show significant growth compared to those from the same period in 2017.
US EIA data reveals net natural gas exports from the US averaged 0.87 billion ft3/d, over double the average daily net exports during all of 2017 (0.34 billion ft3/d).
According to the EIA, crude oil has surpassed hydrocarbon gas liquids (HGL) to become the largest US petroleum export, with 1.8 million bpd of exports in the first half of 2018.
The EIA reports that Brazil’s ethanol output is seasonal, typically peaking during the fourth quarter (October – December) of each year.
The EIA reports that since mid-2017, the East Coast has been receiving as much crude oil by tanker and barge from the Gulf Coast as it has by rail from the Midwest.
New online tool announced to provide context to EIA’s weekly storage report.
Honeywell has announced its acquisition of NGL processing and sulfur recovery technologies development company, Ortloff.
Figures released by the US Energy Information Administration show that in April 2018 crude oil exports from Houston-Galveston, Texas, US, exceeded imports by 15 000 bpd.
For the week ending July 6 2018, the four-week average of US gross refinery inputs surpassed 18 million bpd for the first time on record, according to figures from the US Energy Information Administration.
