Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher

HP Industry Metrics

06.01.2014  |  Romanow, Stephany,  Hydrocarbon Processing Staff, Houston, TX

Keywords: [crude oil] [natuarl gas] [sale oil] [gasoline] [diesel] [fuel oil] [margins] [cracking spread]

The total liquid supply growth by non-OPEC countries continues to rise and is estimated to reach 54 million bpd (MMbpd) in 2014. Increasing crude oil supplies from North America are contributing to shifting global production capabilities. The new US crude oil supply presents a mismatch between rising light oil production and domestic refiners’ ability to handle them. Shale oil is too low in density to be absorbed entirely by the US refining system. US crude production climbed to a 28-year high in May 2014 and reached 8.43 MMbpd, the highest since October 1986. HP

To continue reading please, log in to hydrocarbonprocessing.com.

Subscribe now for premium access and unlimited access to the site, including archived articles and the process handbooks.  Start a free trial to gain access to articles from the current issue of Hydrocarbon Processing. 


Already have an account?

Subscribe

Subscribe today and gain unlimited and immediate access to the site. Plus, you'll receive the next 12 issues of the magazine in your choice of print or digital format. Start your subscription today.

Free trial

Start a free trial and gain immediate access to the current issue of the magazine plus additional, select content.

30 Day Trial




Related articles

FEATURED EVENT

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


70%

30%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.