Latest oil and gas news malignant fibrous histiocytoma treatment of asia and worldwide – nrgedge

Isabel fernández fuentes, the current executive director, will leave the european federation of geologists (EFG) in autumn to head for new professional challenges. During the recent EFG council meeting in delft, she has informed the delegates about her wish to resign malignant fibrous histiocytoma treatment from her position at the end of september 2019. The council members have unanimously expressed their gratitude towards isabel malignant fibrous histiocytoma treatment for her enthusiasm and dedicated work throughout the last 17 malignant fibrous histiocytoma treatment years.

The european federation of geologists is a non-governmental professional organisation representing more than 45,000 geoscientists all across europe. EFG’s main aims are to contribute to a safer and malignant fibrous histiocytoma treatment more sustainable use of the natural environment, to protect and inform the public and to promote a malignant fibrous histiocytoma treatment more responsible exploitation of natural resources. EFG’s members are national associations, nas, whose principal objectives are based in similar aims. The guidelines to achieve these aims are the promotion of malignant fibrous histiocytoma treatment excellence in the application of geology and the creation of malignant fibrous histiocytoma treatment public awareness of the importance of geoscience for the society.

In a surprise move, president trump announced that imports of all mexican goods into malignant fibrous histiocytoma treatment the US would now be subject to a 5% tariff. And this would rise unless mexico stops the flow of malignant fibrous histiocytoma treatment illegal immigration across the rio grande, with US officials confirming that the tariffs would reach to malignant fibrous histiocytoma treatment 25% by october. This came as a blindside to the market. Not only was the north american free trade agreement (NAFTA) successfully renegotiated only recently, some american manufacturers had only just recalibrated their supply chains malignant fibrous histiocytoma treatment away from china to mexico as a result of the malignant fibrous histiocytoma treatment trade war. The new tariffs on mexico have been described as ‘very disruptive’, threatening a symbiotic relationship that has largely benefitted the USA.

Most of all in energy. US refineries along the gulf coast have long been geared malignant fibrous histiocytoma treatment to process heavy crude from mexico, venezuela and canada. With canadian oil sands stuck in alberta over a lack malignant fibrous histiocytoma treatment of pipeline infrastructure and venezuela being persona non grata, mexican oil is increasingly prized by refineries owned by exxonmobil, chevron, marathon oil and more. Some 630,000 b/d of mexican crude is shipped to US refineries that malignant fibrous histiocytoma treatment are too finely calibrated for those grades to be easily malignant fibrous histiocytoma treatment replaced. A back-of-the-envelope calculation suggests that the tariffs will add about US$3/b to the cost of maya crude to the US, slashing current refining margins by half. This will be passed on to the american consumer, just ahead of the summer driving season. And these gulf refineries also send more than a million malignant fibrous histiocytoma treatment barrels of fuels back to mexico (which has a net fuel deficit), worth some US$20 billion in revenue. Natural gas trade will also be affected – threatening the 20 pipelines sending some 5 bcf/d across the southern border, along with new LNG projects in mexico that are dependent malignant fibrous histiocytoma treatment on american shale gas.

While mexico has made overtures to mitigate the flow of malignant fibrous histiocytoma treatment illegal immigration, it is not likely to just take the bullet. Reprisal tariffs are likely, mainly on US fuels and, crucially, US corn that impacts the two key america industries supporting malignant fibrous histiocytoma treatment trump: energy and farming. Crude prices have already tumbled in response to the mexican malignant fibrous histiocytoma treatment tariffs, with fears that it could cut the legs off already malignant fibrous histiocytoma treatment weak global energy demand.

And there’s more. President trump has ordered that india’s status as a preferential trade partner be removed, which would result in the imposition of tariffs on a malignant fibrous histiocytoma treatment package of currently 2,000 duty-free products. While india is in a weaker bargaining position than china malignant fibrous histiocytoma treatment in capitulating to american demands, it is currently a major destination for american crude after malignant fibrous histiocytoma treatment sanctions on iranian crude and the flourishing US LNG export malignant fibrous histiocytoma treatment industry is also banking on increased demand from india. Reprisal moves from india, where prime minister narendra modi has just won a resounding malignant fibrous histiocytoma treatment election victory, must be expected, particularly since modi campaigned on a nationalist campaign reminiscent of malignant fibrous histiocytoma treatment a diluted trump message.

And if it is china, india and mexico today, who else will it be tomorrow? The US’ trade war stance may score short-term political points but it adds much more fragility to malignant fibrous histiocytoma treatment the market. In the meantime crude oil imports from mexico will be malignant fibrous histiocytoma treatment subject to a 5% tariff, which will rise to 10% on july 1 and continue rising towards 25% in october, if the immigration issue is not resolved.

U.S. Gulf coast crude oil imports averaged 1.8 million barrels per day (b/d) in march 2019, the lowest level since march 1986 and significantly lower than malignant fibrous histiocytoma treatment the peak of 6.6 million b/d in march 2007. Preliminary weekly data indicate that gulf coast crude oil imports malignant fibrous histiocytoma treatment have averaged about 1.9 million b/d through april and may (figure 1). Falling crude oil imports into the U.S. Gulf coast so far in 2019 are the result of malignant fibrous histiocytoma treatment both recent events and continuing longer-term trends. Recently, sanctions on venezuelan imports and heavy refinery maintenance have reduced malignant fibrous histiocytoma treatment imports. At the same time, imports to the gulf coast have also decreased because of malignant fibrous histiocytoma treatment sharp declines in imports from the organization of the petroleum malignant fibrous histiocytoma treatment exporting countries (OPEC) following an agreement among members to reduce production and because malignant fibrous histiocytoma treatment imports are being replaced by increased production of domestic crude malignant fibrous histiocytoma treatment oil. Together, these trends have fundamentally changed how the gulf coast region malignant fibrous histiocytoma treatment is supplied with crude oil. In the past five consecutive months, the U.S. Gulf coast has exported more crude oil than it imported malignant fibrous histiocytoma treatment (net exports), and since 2015, it has consistently received more crude oil from other regions malignant fibrous histiocytoma treatment of the united states than it has sent to other malignant fibrous histiocytoma treatment regions (net receipts).

Gulf coast crude oil imports are typically lower in the malignant fibrous histiocytoma treatment early months of the year as refineries reduce runs as malignant fibrous histiocytoma treatment part of their seasonal maintenance. This year, planned maintenance activity was higher than usual. The four-week average of gross refinery inputs in the gulf coast malignant fibrous histiocytoma treatment fell from 9.6 million b/d for the week ending january 4, higher than the five-year (2014-18) maximum and 648,000 b/d higher than the five-year average, to a low of about 8.6 million b/d from mid-february until mid-april. Although 8.6 million b/d of gross refinery inputs is more than the gulf malignant fibrous histiocytoma treatment coast’s five-year average level for the period, eight consecutive weeks of relatively flat refinery runs is longer malignant fibrous histiocytoma treatment than normal during refinery maintenance at this time of year. This extended period of lower refinery runs for longer in malignant fibrous histiocytoma treatment the early months of 2019 reduced the need for crude malignant fibrous histiocytoma treatment oil imports, contributing to the more-than-three-decade-low crude oil imports during this period.

Around the same time, the U.S. Government announced additional sanctions on venezuela that included limitations on malignant fibrous histiocytoma treatment crude oil imports from venezuela. In 2018, 20% of all gulf coast crude oil imports were from venezuela, an annual average of 498,000 b/d. The gulf coast was the destination for 98% of all U.S. Imports of venezuelan crude oil in 2018. Because of the imposition of sanctions, refiners in the gulf coast sharply reduced imports of venezuelan malignant fibrous histiocytoma treatment crude oil. Between january and march 2019, gulf coast imports of crude oil from venezuela fell by malignant fibrous histiocytoma treatment 498,000 b/d to 47,000 b/d in march. As a result of the gulf coast reductions, U.S. Four-week average imports from venezuela fell from 603,000 b/d for the week ending january 25 to 12,000 b/d for the week ending may 31 (figure 2).

An additional change in gulf coast crude oil imports occurred malignant fibrous histiocytoma treatment following a november 2016 agreement by OPEC members to cut malignant fibrous histiocytoma treatment crude oil production. As a result of the production cuts, many OPEC members reduced exports to the united states in malignant fibrous histiocytoma treatment favor of growing markets in asia. One year after the production-cut agreement, crude oil imports from OPEC processed at gulf coast refineries malignant fibrous histiocytoma treatment had fallen 562,000 b/d from 2.1 million b/d in november 2016 to 1.5 million b/d in november 2017. Imports of crude oil from OPEC members into the gulf malignant fibrous histiocytoma treatment coast continued to decline, falling to 1.4 million b/d in 2018 and down to 513,000 b/d in march 2019 (figure 3).

Before the OPEC production cuts in 2016, the gulf coast had already started reducing crude oil imports malignant fibrous histiocytoma treatment because of rising domestic production and changes in domestic crude malignant fibrous histiocytoma treatment oil pipeline infrastructure. Gulf coast crude oil production increased from 2.7 million b/d in 2008 to 7.9 million b/d in march 2019. Much of this increased crude oil production was of light malignant fibrous histiocytoma treatment sweet crude oil that allowed gulf coast refineries to reduce malignant fibrous histiocytoma treatment imports of light sweet crude oil from foreign sources. Then pipeline infrastructure that once took imported crude oil from malignant fibrous histiocytoma treatment the gulf coast and delivered it to other regions of malignant fibrous histiocytoma treatment the united states was reversed, instead delivering increased domestic crude oil production and imports from malignant fibrous histiocytoma treatment canada to gulf coast refineries. By 2015, this reversal meant that the gulf coast changed from being malignant fibrous histiocytoma treatment a net shipper of crude oil to other U.S. Regions to being a net recipient. More recently, as imports have declined and crude oil exports have expanded, the gulf coast actually exported more crude oil than it malignant fibrous histiocytoma treatment imported for five consecutive months (figure 4).

Because of all these changes combined, foreign-sourced crude oil receipts at gulf coast refineries accounted for malignant fibrous histiocytoma treatment an average of 36% of gulf coast refinery crude oil inputs in 2018, compared with 73% in 2008. The sources of those imports have also changed, with canada and mexico accounting for 54% of all imported crude oil processed in gulf coast refineries malignant fibrous histiocytoma treatment in march, representing a new high.

The U.S. Average regular gasoline retail price fell nearly 2 cents from malignant fibrous histiocytoma treatment the previous week to $2.81 per gallon on june 3, more than 13 cents lower than the same time last malignant fibrous histiocytoma treatment year. The gulf coast price fell nearly 5 cents to $2.42 per gallon, the west coast price fell nearly 4 cents to $3.60 per gallon, and the east coast price fell more than 3 cents malignant fibrous histiocytoma treatment to $2.66 per gallon. The midwest price rose more than 3 cents to $2.75 per gallon and the rocky mountain price increased slightly, remaining at $2.98 per gallon.

The U.S. Average diesel fuel price fell nearly 2 cents to $3.14 per gallon on june 3, nearly 15 cents lower than a year ago. The west coast price fell more than 2 cents to malignant fibrous histiocytoma treatment $3.76 per gallon, the rocky mountain and gulf coast prices each fell nearly malignant fibrous histiocytoma treatment 2 cents to $3.16 per gallon and $2.88 per gallon, respectively, and the midwest and east coast prices each fell over malignant fibrous histiocytoma treatment 1 cent to $3.03 per gallon and $3.15 per gallon, respectively.

U.S. Propane/propylene stocks increased by 2.5 million barrels last week to 68.3 million barrels as of may 31, 2019, 9.1 million barrels (15.4%) greater than the five-year (2014-2018) average inventory levels for this same time of year. Gulf coast inventories increased by 1.2 million barrels, and midwest and east coast inventories each increased by 0.7 million barrels. Rocky mountain/west coast inventories decreased slightly, remaining virtually unchanged. Propylene non-fuel-use inventories represented 7.2% of total propane/propylene inventories.

In 2018, saudi arabia reported burning an average of 0.4 million barrels per day (b/d) of crude oil for power generation, the lowest amount since at least 2009, the earliest year that data are available from the joint malignant fibrous histiocytoma treatment organizations data initiative (JODI). Saudi arabia burns considerably more crude oil directly for power malignant fibrous histiocytoma treatment generation than any other country. Between 2015 and 2017, saudi arabia used more than three times the amount of malignant fibrous histiocytoma treatment crude oil for power generation than iraq, the second-largest user of crude oil for power during those years.

Saudi arabia relies on crude oil and other fossil fuels, such as petroleum products and natural gas, for power generation. During the summer months, saudi arabia’s electricity consumption increases as domestic demand for air conditioning malignant fibrous histiocytoma treatment rises. Saudi arabia’s direct crude oil burn for power generation reached a malignant fibrous histiocytoma treatment record high during the summer of 2015, averaging 0.9 million b/d from june to august. In comparison, direct crude oil burn in the summer of 2018 was malignant fibrous histiocytoma treatment 41% lower at 0.5 million b/d.

Despite steady increases in both population and electricity consumption, saudi arabia reduced its reliance on crude oil for power malignant fibrous histiocytoma treatment generation by increasing the use of other energy sources, such as natural gas and fuel oil. Most of the natural gas that saudi arabia produces is malignant fibrous histiocytoma treatment associated gas, which is natural gas produced along with crude oil from malignant fibrous histiocytoma treatment an oil well. Yet saudi arabia’s production of natural gas from wells not associated with malignant fibrous histiocytoma treatment oil production has also increased, leading to higher consumption of natural gas in the country.

In addition to natural gas, saudi arabia has also been using fuel oil as a malignant fibrous histiocytoma treatment partial replacement of crude oil in power generation. Saudi arabian fuel oil consumption has increased despite fuel oil malignant fibrous histiocytoma treatment consumption declining in most regions of the world because of malignant fibrous histiocytoma treatment environmental concerns and competition with other fuels. Some trade press reportsindicate that one potential side effect of malignant fibrous histiocytoma treatment the upcoming changes to the sulfur limits in marine fuels malignant fibrous histiocytoma treatment in 2020 is that the stranded high-sulfur fuel oil could be sent to saudi arabia to malignant fibrous histiocytoma treatment further replace crude oil in power generation.

With less crude oil directly used for power generation, more crude oil is available for saudi arabia’s refining and exports. For many years, saudi arabia has worked to increase its domestic refinery capacity malignant fibrous histiocytoma treatment and is currently able to process 2.9 million b/d of crude oil. Crude oil refinery runs averaged 1.8 million b/d in 2009, and they subsequently rose to an average of 2.6 million b/d by 2018, according to JODI data. As a result of increased refinery runs, saudi arabia also increased the amount of petroleum products it malignant fibrous histiocytoma treatment could export and most recently exported an average of 2.0 million b/d of petroleum products in 2018.

RELATED_POSTS