SYS-CON MEDIA Authors: Liz McMillan, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
AppZero has announced that its award-winning application migration software is now fully qualified within the Microsoft Azure Certified program. AppZero has undergone extensive technical evaluation with Microsoft Corp., earning its designation as Microsoft Azure Certified. As a result of AppZero's work with Microsoft, customers are able to easily find, purchase and deploy AppZero from the Azure Marketplace. With just a few clicks, users have an Azure-based solution for moving applications to the...
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...