World Pipelines:
ESAI Energy’s pipeline database, published in this month’s North America Watch, estimates that 2 million bpd of the announced pipeline projects will be available to Permian basin producers by mid-2020, narrowing the Midland discount to Houston and Cushing and incentivising an increase in output.
Oilfield Technology:
In the next five years, potential pipeline projects could add over 5 million bpd to US destinations at Cushing and to USGC port locations, significantly increasing US crude oil exports. Elisabeth Murphy, analyst at ESAI Energy, however, points out that “not all of these projects may go forward, but the race to bring more capacity will be key in determining the amount and timing of production growth, not only for the Permian, but for the other US shale basins and the Canadian Oil Sands”.
Hellenic Shipping News:
ESAI Energy’s pipeline database, published in this month’s North America Watch, estimates that 2 million b/d of the announced pipeline projects will be available to Permian basin producers by mid-2020, narrowing the Midland discount to Houston and Cushing and incentivizing an increase in output.
After growing by about 100,000 b/d this year, European distillate demand is expected to rise by a similar amount in 2019 to roughly 8.6 million b/d. But, with domestic production gains outstripping demand, the region’s distillate deficit will narrow for the first time in seven years in 2019, particularly towards the end of the year.…
