Subscribe to Our Blog

Will OPEC’s extension of production cuts lead to higher oil prices?

Posted by PortVision on Jun 13, 2017 6:07:00 AM

In Vienna on May 25, members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies — including Russia — agreed to extend their cutbacks in oil production in hopes of addressing the glut of oil that’s been keeping down the price-per-barrel.

Read More

Iraq Responds to Cutbacks in Crude with a Surge in Fuel-Oil Exports

Posted by PortVision on May 31, 2017 6:07:00 AM

According to industry sources, Iraq has increased its oil exports this year, in spite of the fact that, like fellow OPEC members and other oil-producing countries, it agreed late last year to cut crude production for the first six months of 2017 in an effort to stop the slide of prices.

Read More

Oversupply of Crude Foils Oil-Price Recovery, Impacts Ports

Posted by PortVision on May 24, 2017 6:07:00 AM

It’s been said that you can never have too much of a good thing. But members of the Organization of the Petroleum Exporting Countries (OPEC), faced with the oversupply of crude, might take issue with that statement.

Read More

New Pipelines and LNG Terminals Boost Natural Gas Exports

Posted by PortVision on May 17, 2017 6:08:00 AM

The “shale revolution,” as it’s been called, has led not only to the construction of new pipelines and LNG terminals, but also to a significant increase in this country’s energy exports. Less than a decade ago, U.S. gas production from conventional fields was in a downward spiral. And experts predicted that the country would become, of necessity, one of the largest importers of natural gas.

Read More

2017 Marks Mexican Deregulation of Oil and Gas Industry

Posted by PortVision on Mar 28, 2017 6:07:00 AM

The government of Mexico began the new year with a move to begin deregulating the energy sector. The change in policy will eliminate fuel subsidies and price controls to allow prevailing international gasoline prices to manage the market. This will kick up Mexican fuel costs as much as 20%. It is the first such government move since 1992 when the government controlled inflation by setting a ceiling on the maximum allowable price of fuel.

Read More

U.S. Gasoline Prices in 2016 Were Lowest Since 2004

Posted by PortVision on Mar 7, 2017 6:07:00 AM

In 2016, drivers in every section of the country enjoyed some of the lowest prices at the pump since 2004, according to the U.S. Energy Information Administration (EIA). In fact, per-gallon prices haven't topped $3.00 in 9 of the 10 cities in which the EIA collects weekly data on gasoline prices.

Read More