Released July 21, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
EARNINGS REPORTS
Halliburton Strengthens Quarterly Profit - Oilfield services company Halliburton Company (NYSE:HAL) on Tuesday topped Wall Street earnings estimates and offered an upbeat view for energy services demand as the downturn in oil drilling activity recedes. The company kicked off results for the oilfield services with a 33% jump in second-quarter profit from the previous three months. Second-quarter profit rose to $227 million from $170 million in the first quarter. (Reuters)
CRUDE OIL
U.S. Crude Oil Exports Reach Record High in 2020, Remain High in 2021 - U.S. crude oil exports reached a record high in 2020. So far this year (as of July 9, 2021), U.S. crude oil exports have averaged 3.00 million BBL/d. The most recent four-week rolling average of U.S. crude oil exports reached 3.51 million BBL/d, according to the U.S. Energy Information Administration's (EIA) Weekly Petroleum Status Report. The four-week rolling average of U.S. crude oil export volumes has not fallen below 2.00 million BBL/d during the past three years, despite the COVID-19 pandemic, which caused significant crude oil price drops, reduced demand, and reduced production in U.S. and global oil markets. (EIA)
Saudi Arabian Crude Oil Exports Hit Four-Month High in May - Saudi Arabia's crude oil exports rose in May to 5.649 million barrels per day (BBL/d), their highest level in four months, Joint Organisations Data Initiative said on its website on Monday. Crude oil exports rose from 5.408 million BBL/d in April, while the country's total oil (crude oil and total oil products) exports stood at 6.94 million BBL/d in May compared with 6.62 million BBL/d the previous month. (Reuters)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
EARNINGS REPORTS
Halliburton Strengthens Quarterly Profit - Oilfield services company Halliburton Company (NYSE:HAL) on Tuesday topped Wall Street earnings estimates and offered an upbeat view for energy services demand as the downturn in oil drilling activity recedes. The company kicked off results for the oilfield services with a 33% jump in second-quarter profit from the previous three months. Second-quarter profit rose to $227 million from $170 million in the first quarter. (Reuters)
CRUDE OIL
U.S. Crude Oil Exports Reach Record High in 2020, Remain High in 2021 - U.S. crude oil exports reached a record high in 2020. So far this year (as of July 9, 2021), U.S. crude oil exports have averaged 3.00 million BBL/d. The most recent four-week rolling average of U.S. crude oil exports reached 3.51 million BBL/d, according to the U.S. Energy Information Administration's (EIA) Weekly Petroleum Status Report. The four-week rolling average of U.S. crude oil export volumes has not fallen below 2.00 million BBL/d during the past three years, despite the COVID-19 pandemic, which caused significant crude oil price drops, reduced demand, and reduced production in U.S. and global oil markets. (EIA)
Saudi Arabian Crude Oil Exports Hit Four-Month High in May - Saudi Arabia's crude oil exports rose in May to 5.649 million barrels per day (BBL/d), their highest level in four months, Joint Organisations Data Initiative said on its website on Monday. Crude oil exports rose from 5.408 million BBL/d in April, while the country's total oil (crude oil and total oil products) exports stood at 6.94 million BBL/d in May compared with 6.62 million BBL/d the previous month. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
