Welcome!

News Feed Item

US Crude Oil Industry: Export Policies Adapting to Changing Supply Landscape Report Available at MarketOptimizer.org

MarketOptimizer.org adds "US Export Policies Adopting to Changing Crude Oil Supply Landscape" to its store. Current U.S. Crude Oil Imports, excluding Canada, has declined by 3.7MMBPD.

DALLAS, Aug. 4, 2014 /PRNewswire-iReach/ -- The regulation for prohibiting crude exports in the US were enacted 1975 under the Energy Policy and Conservation Act during the height of the Oil Embargo by OPEC against the US. This law made sense as domestic production was declining and the US was the world's largest crude oil importer.

Photo - http://photos.prnewswire.com/prnh/20140804/133027

U.S. crude oil and condensate production has significantly increased since the use of fracking technology in the U.S. The increase in production has had a profound impact on reducing seaborne crude oil imports into the US. As refiners were able to effectively utilize increasing domestic crude oil production by displacing light sweet crude oil imports and then increasing refining runs to profitably export products into the Global Market.

Complete Report Details @ http://www.marketoptimizer.org/us-export-policies-adopting-to-changing-crude-oil-supply-landscape.html .

There are no restrictions concerning the export of refined product from the U.S. The approval process for the construction of LNG facilities and the export of LNG into the global market has accelerated. The recent ruling by the U.S. Bureau of Industry and Security (BIS) permitting distilled condensate to be exported represents a step-change in U.S. policy regarding crude / condensate exports from the US. The next step is the exporting of "distilled" crude oil that has the potential to significantly impact crude prices and refining margins.

Scope

Report provides information and insight on – 

  • Events occurring as domestic crude oil production in U.S. / Canada increases 
  • Increase in crude oil production displacing seaborne crude oil imports into the US
  • Increase in crude production result in price discount to International crude market increasing refining utilization and product exports
  • Current regulation regarding crude oil / condensate and refined product exports from U.S.
  • Domestic light sweet crude oil production reaching limits as US refining industry primarily geared to run heavy sour crude oil
  • Some refiners now experienced operational restraints resulting in lower utilization rates 
  • Potential option available to process increasing domestic light sweet crude oil and condensate
  • Building condensate splitters and mini refineries not the answer 
  • U.S. Department of Energy Bureau of Industry and Security (BIS) approves a request from two (2) companies to export distilled (lightly processed) condensate from the U.S. This is the first approval granted and could open the door to a significant increase in distilled condensate and potentially distilled crude oil from U.S. – A GAME CHANGER!
  • Exported Condensate competitive in South America and Asia 
  • Possibility to expand crude oil exports 
  • Little political appetite to permit crude oil exports
  • Attitudes could change as domestic production continues to increase or from new Congress / Administration in Washington with different energy policies

Order a Purchase Copy @ http://www.marketoptimizer.org/contacts/purchase?rname=9225 .

Reasons to buy

The approval represents a step-change in US Energy Regulations and Policy. The process used by both companies receiving approvals to export condensate is explained and the market for increases in condensate exports is reviewed. Other questions are addressed including – 

  • Potential to utilized the approved distillation method on condensate in other US domestic condensate production
  • Potential to utilized the approved distillation method on condensate in other US domestic crude oil production fields

Table of Contents for This Report

1 Table of Contents

Crude Production in the US Displacing Imports While Demand Holds Steady

Politically Motivated US Hydrocarbon Export Policy

Domestic Crude Overwhelming US Refining Complex

Micro-Refineries Not the Answer to Mega-Production Increases

Game changing approval to export processed condensate

The possibility to expand crude exports

1.1 List of Figures

Current U.S. Crude Oil Imports, excluding Canada, has declined by 3.7MMBPD – about 45% — from 2005 annual level

Product Exports from the U.S. have increased as refining utilization levels have increased and domestic oil demand remains at about constant levels

Explore more reports on Energy industry at http://www.marketoptimizer.org/category/energy-power/energy .

About Us:

MarketOptimizer.org is an online database of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.

Media Contact: Ritesh Tiwari, MarketOptimizer, +18883915441, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Market Optimizer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Sometimes I write a blog just to formulate and organize a point of view, and I think it’s time that I pull together the bounty of excellent information about Machine Learning. This is a topic with which business leaders must become comfortable, especially tomorrow’s business leaders (tip for my next semester University of San Francisco business students!). Machine learning is a key capability that will help organizations drive optimization and monetization opportunities, and there have been some...
"Storpool does only block-level storage so we do one thing extremely well. The growth in data is what drives the move to software-defined technologies in general and software-defined storage," explained Boyan Ivanov, CEO and co-founder at StorPool, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.