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EIA: US LNG exports grew to record highs in the first half of 2021

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Rising global LNG demand once COVID-19 restrictions began to ease, as well as continuous unplanned outages at LNG export facilities in several countries (including Australia, Malaysia, Nigeria, Algeria, Norway, and Trinidad and Tobago), also contributed to increased US LNG exports.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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In the United States, refining capacity has decreased by about 1.1 Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. million b/d of new capacity over the next two years.

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IEA: non-OPEC oil supply tops 43 mb/d for first time in decades; global demand to reach 92.4 mb/d in 2014

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Global oil supplies increased by 310 kb/d in November to 92.3 Year-on-year, November supplies rose by 810 kb/d, as a 1.9 OPEC crude supply fell by 160 kb/d in November to 29.73 OECD Europe and the United States led the decline. Global demand is now seen advancing by 1.2 mb/d in both 2013 and 2014, to reach 92.4

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EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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The 5 Countries That Could Push Oil Prices Up

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Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. The most near-term supply risk comes from Iraq. Iran probably won’t pose a supply risk to the market, at least not this year. by Nick Cunningham for Oilprice.com. bank Citi said.

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The Richer They Get, the More Meat They Eat

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Of all the populous nations, only Bangladesh, India, Ethiopia, and Nigeria continue to eat very little meat. In 2020, average supply rates in India and Bangladesh were still below 5 kg of carcass weight per year, per capita—a bit less than in Ethiopia.

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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ExxonMobil says that the project produces blended bitumen with about the same lifecycle greenhouse gas emissions as the average crude oil refined in the United States. This places oil sands within the same GHG intensity range as 45% of crude oil supplied to US refineries in 2012.).

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