Very usefull links


News links




Dow Jones

Oil price



Views and News





American shale oil to the Middle East a sign of changing times


U.S. oil heads to middle east in latest sign of shale's spread. Cargo said to be condensate meant for Abu Dhabi's splitters. First U.S. oil cargo to be exported directly to U.A.E.: Census

By Sheela Tobben

Petroleumworld 02 07 2018

U.S. oil headed to the Middle East in December, an unthinkable trip just a few years ago.

The United Arab Emirates purchased condensate from the U.S. in December, according to a person with direct knowledge of the matter who asked not to be named because he isn't authorized to speak to media. The cargo will be used to meet requirements for its condensate splitters, the person said, adding that it preferred to buy the oil from the U.S. because it has superior quality to that sourced from the region.

“As a member of OPEC and a large crude producer, I would imagine they would be very self-sufficient in their own crude supply,” said Andy Lipow, president of Lipow Oil Associates. The purchases of U.S. oil aren't likely to continue, given the U.A.E.'s own supply, Lipow said.

A shipment of American oil to the Middle East is the latest sign of how the shale boom and the lifting of a ban on U.S. exports has changed the flow of petroleum around the world. U.S. production is expected to grow by 2 million barrels a day between February 2017 and November this year, according to the Energy Information Administration. Exports have increased from a little more than 100,000 barrels a day in 2013 to 1.53 million in November.

U.S. Exports

The U.S. exported about 700,000 barrels of light domestic crude in December to the U.A.E., the Census Bureau reported Tuesday . It's the fourth-largest OPEC producer's first cargo of U.S. oil, according to EIA data. The Middle Eastern country typically brings in extra-light oil, known as condensate, to process in a unit known as a splitter.

The cargo was shipped from Enterprise Products Partners LP's Houston terminal on the tanker Seoul Spirit, which arrived Jan. 31 at the Port of Ruwais in Abu Dhabi, according to ship tracking data compiled by Bloomberg.

Until last year, the U.A.E. relied on Qatar for its condensate supply. But the two countries are embroiled in a political dispute, and the U.A.E. decided in June to ban all petroleum ships from Qatar.


Story by Sheela Tobben; With assistance by Wael Mahdi from Bloomberg.

bloomberg.com / 02 06 2018

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels



Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved.
Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.