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The United States began exporting crude oil or to change the pattern of global energy
Source:Xinhua   Time:2012-10-13   Read:872second  
The oil giant British Petroleum and Royal Dutch Shell has applied to the U.S. government to submit the application for the export, began to seek oil-exports to the United States. Thanks to technological advances in recent years, the surge in U.S. crude oil production, the world's largest crude oil importing countries are moving fast towards energy self-sufficiency, and analysts said this trend may affect the future pattern of international energy.
According to the British "Financial Times" 11, citing people familiar with news reports, BP has got the export permit issued by the U.S. government to be allowed to export crude oil to Canada. In addition, five other oil companies such as Royal Dutch Shell and Victorinox multi Oil has also been submitted to the U.S. government export application.
Under U.S. law, oil producers need an export license in order to export crude oil under the Ministry of Commerce, Bureau of Industry and Security. John Felmy, chief economist of the American Petroleum Institute, said: "Generally speaking, the United States banned the export of oil, unless you have a large number of Disclaimer." Over the past decade, the United States is only a small amount of crude oil exports to Canada, the insufficient number of daily million barrels, U.S. crude oil imports up to about 900 million barrels per day.
According to sources, oil manufacturers have only been Brigadier crude oil exports to Canada. The reason why the U.S. government to allow export of the reasons there are two U.S. refineries and refining units, especially the Gulf region is more suitable for the processing of heavy oil from the Gulf and Saudi light crude oil for processing domestic product; Secondly, according to the U.S. law, U.S. domestic routes only U.S. tanker from Texas crude oil origin to the Philadelphia refinery, transportation costs up to $ 4.55 per barrel of crude oil, and if the use of foreign oil tankers to go cross-border routes from Texas to eastern Canada refinery barrel of crude oil transportation costs less than $ 1.50.
Therefore, Washington Energy Policy Research Center the main Xiluxien 帕格烈雷西 exports to Canada only for lower transportation costs and improve refinery efficiency considerations, not strictly on crude oil exports, after all, the refined oil is still export back to the United States.
However, many analysts believe that, with the rapid increase in domestic crude oil production in the United States, the U.S. crude oil export destinations will be more, the knock-on effects of the U.S. crude oil on the international crude oil market will gradually appear.
Due to technological advances, especially thanks to hydraulic fracturing technology used in the development of shale oil, U.S. domestic crude oil production in recent years, a strong rebound. As of last week, according to U.S. government statistics, U.S. domestic crude oil output reached 660 million barrels, a new high record since 1995.
Although domestic production is a rapid increase, but the United States still is the world's largest crude oil imports, crude oil imports last year, costing $ 436 billion, significantly worsened the U.S. trade deficit, and a threat to national security.
Therefore, energy independence has also become a hot topic of today's U.S. presidential election. Republican presidential candidate Mitt Romney promised that, if elected will be to support the development of shale oil and open more Atlantic (600558) coastal areas for the extraction of crude oil to the United States to achieve energy self-sufficiency by 2020. President Barack Obama promised that U.S. crude oil imports in 2020, cut in half and increase crude efforts to develop and support new energy.
With the development of new energy technologies, as well as the rapid increase in crude oil production, the U.S. crude oil market is facing demand slow decrease, a rapid increase in supply situation. Ed Moss, head of research at Citibank commodities inland crude oil produced backlog to the coast, the decision-making will start a new discussion, namely whether to allow U.S. crude oil exports to more areas.
British "Financial Times" analysts believe that the substantial increase in U.S. crude oil exports may affect future the crude trading patterns between Europe, West Africa and North America. The Atlantic Basin production surge will produce downward pressure on oil prices in the region, especially London Brent oil prices.
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