Tag: crude oil

More Oil From U.S. Strategic Petroleum Reserve Heads To Europe

Tina Marie (Ms. Cat)

More Oil From U.S. Strategic Petroleum Reserve Heads To Europe

Meanwhile, U.S. crude [oil] is flowing to Europe at rates never seen before.

Two cargoes of high-sulfur crude from the U.S. strategic reserve are headed to Italy and the Netherlands, according to tanker-tracking data and sources briefed by Bloomberg. The tankers have loaded crude at terminals connected to storage caverns of the SPR in Texas and Louisiana.

According to Matt Smith, oil analyst at commodity data firm Kpler, these would not be the last crude exports out of the U.S. SPR to Europe.

In April, some 1.6 million barrels of U.S. crude from the strategic reserve made its way to Europe, Smith told Bloomberg, adding: “That’s the largest amount of SPR crude that’s been shipped to the continent based on historical monthly data.”

Oil From Biden’s Emergency SPR Release Is Heading For Europe

Tina Marie (Ms. Cat)

Oil From Biden’s Emergency SPR Release Is Heading For Europe

Related:

U.S. Exports Oil From SPR Release: Report

Bloomberg: Oil From U.S. Strategic Reserve Heads for Europe Amid Global Supply Crunch

[11-2021] U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

If the Biden Administration decides to tap U.S. emergency crude reserves to push down domestic energy prices, it may not help all that much. The supplies may just be exported away like last month.

…

The White House has been mulling a range of options to ease soaring pump prices and Democrats are pressing for a potential ban on oil exports as well as the release of crude from the nation’s strategic reserves.

It’s not “Putin’s Price Hike,” if prices were going up, last November!

Europe Must Learn To Cheat On Its Sanctions (Just Like The U.S. Is Doing It)

Tina Marie (Ms. Cat)

April 01, 2022 – Moon of Alabama

The European Union and China will hold a virtual summit today. Before the summit started Brussels has strewn rumors that it would pressure China to not support Russia.

China is of course rejecting any pressure and retaliates by pointing out Europe’s weak strategic autonomy:

Europe Must Learn To Cheat On Its Sanctions (Just Like The U.S. Is Doing It)

Comment by the Author of The New Dark Age:

Has the EU really been ‘captured’by the US? I think not! The major European powers, Germany, France, Italy and Holland (along with the UK), are an integral part of the Imperialist Bloc. When you talk about their interests being harmed, you are conflating the interests of the capitalist classes (and their essential servants) with those of the working people of these countries. Since when have the ruling classes of the Imperialists given a flying fuck about their working classes! They have vast amounts of capital, they’re not touched by the any of it, anymore than by the fake Pandemic. As with ‘traditional’ wars fought by capitalism, this is just another kind of war and as with traditional wars, it’s not only about markets and competing capitalist classes, it’s about destroying capital! It’s just as much a World War as the previous ones, but fought in an entirely different way, using different weapons. It has consumed (or is on the process of consuming) even more surplus capital than WWI/II, you just don’t see it! When will the left wise up? They got conned by the Bug and they’re now being conned by the Sanctions War on the planet!

The New Dark Age

China discovers 100-million-tonne oil, gas reserves in Tarim Basin

Tina Marie (Ms. Cat)

China’s largest oil refiner Sinopec has discovered a new oil and gas area with approximately 100 million tonnes of reserves in the Tarim Basin of northwest China’s Xinjiang Uygur Autonomous Region. This was reported by The Xinhua News Agency.

China discovers 100-million-tonne oil, gas reserves in Tarim Basin

But the US is so concerned about the oil…er I mean Uygurs!? Really!! 🙄

*Xinjiang*

[2014] China and the Middle East: More Than Oil

Tina Marie (Ms. Cat)

China and the Middle East: More Than Oil

While China’s heavy dependence on Middle Eastern oil is an established fact, less is known about China’s early efforts to establish broad energy ties with the Middle East. Back in 1983, before the Chinese economy really took off, the overseas construction arm of China National Petroleum Corporation (CNPC) moved into the Kuwaiti market and later won an oil storage reconstruction project in 1995. Beijing also signed the Strategic Oil Cooperation agreement with Saudi Arabia in 1999, which laid the foundation for Saudi Arabia to become and remain China’s largest oil supplier. In exchange for stable crude supply, China has courted Saudi investment for expanding its refining capacity. One example is China Petroleum and Chemical Corporation’s (SINOPEC) meeting with Saudi Aramco to discuss a stake in a $1.2-billion refinery in the Chinese city of Qingdao. The two sides further joined hands in a $3.5-billion venture in Fujian province that included greater refinery capacity.4

France increases hostilities against China in the South China Sea

Tina Marie (Ms. Cat)

By Paul Antonopoulos | February 25, 2021

By sending modern warships to Asia-Pacific, France proved that they have a new approach to Vietnam, a former French colony. The recent moves by Paris marks the return of the French to Southeast Asia, not as an invader like in the previous century, but as a country willing to challenge and provoke China in its own backyard. This is something that would also appeal to Vietnam as it has centuries long enmity with China that continues to this day and is far deeper compared to the relatively short-lived French colonial era of Indochina. Another point to note is that the French energy company Total is one of the most important partners for Vietnam in the oil and gas sector. The French company is currently cooperating with Vietnam and some other countries in the region to exploit resources.

France increases hostilities against China in the South China Sea

China announces MASSIVE oil & gas discovery in Bohai Sea

Tina Marie (Ms. Cat)

RT | February 24, 2021

China National Offshore Oil Corporation (CNOOC) revealed this week that its newly discovered oil and gas field in the Bohai Sea contains proven geological reserves of 100 million metric tons of oil and gas equivalent. That makes Bozhong 13-2 one of the biggest crude oil production bases in the country, according to the company. The new field is located 140 kilometers off the coast of Tianjin at an average water depth of 23.2 meters, according to Zhou Xinhuai, general manager of the oil exploration department at CNOOC. The Bozhong 13-2-2 well, where the reserve was discovered, was drilled and completed at a depth of 5,223 meters, and encountered oil pay zones with a total thickness of approximately 346 meters. The well was tested to produce an average of approximately 1,980 barrels of crude oil per day. The company expects daily crude oil and natural gas generation from the well to reach 300 tons and 150,000 cubic meters, Zhou was cited as saying by China Daily. The Bohai oilfield is likely to start production in 2023 and achieve a peak output of 1.2 million tons of oil equivalent. According to industry experts, the Bohai Sea natural gas and oil discoveries will boost CNOOC’s annual output to above 80 million tons of oil equivalent by 2025. The company said in 2019 that its Bohai discoveries contain 100 billion cubic meters of proven geological reserves of natural gas. It expects the increased capacity from the new finds to help meet the surging demand for natural gas in northern and eastern China and reduce the country’s reliance on costly imports. China’s natural gas production reached 188.8 billion cubic meters in 2020, up 9.8 percent on a yearly basis, according to data by the National Bureau of Statistics. Natural gas imports rose to 102 million cubic meters, up by 5.3 percent on a yearly basis.

China announces MASSIVE oil & gas discovery in Bohai Sea