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Last Updated: May 9, 2018
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Forecast HighlightsGlobal Liquid Fuels

  • Brent crude oil spot prices averaged $72 per barrel (b) in April, an increase of $6/b from the March level and the first time monthly Brent crude oil prices have averaged more than $70/b since November 2014. EIA forecasts Brent spot prices will average $71/b in 2018 and $66/b in 2019, which are $7/b and $3/b higher, respectively, than in the April STEO. EIA expects West Texas Intermediate (WTI) crude oil prices to average $5/b lower than Brent prices in both 2018 and 2019. NYMEX WTI futures and options contract values for August 2018 delivery traded during the five-day period ending May 3, 2018, suggest a range of $54/b to $84/b encompasses the market expectation for August 2018 WTI prices at the 95% confidence level.
  • For the 2018 April–September summer driving season, EIA forecasts U.S. regular gasoline retail prices to average $2.90/gallon (gal), 17 cents/gal higher than in last month’s STEO and up from an average of $2.41/gal last summer. The higher forecast gasoline prices are primarily the result of higher forecast crude oil prices. For the year 2018, EIA expects U.S. regular gasoline retail prices to average $2.79/gal. Monthly average gasoline prices are forecast to reach a summer peak of $2.97/gal in June, before falling to $2.86/gal in September.
  • EIA estimates that U.S. crude oil production averaged 10.5 million barrels per day (b/d) in April, up 120,000 b/d from the March level. EIA projects that U.S. crude oil production will average 10.7 million b/d in 2018, up from 9.4 million b/d in 2017, and will average 11.9 million b/d in 2019, 0.4 million b/d higher than forecast in the April STEO. In the current outlook, EIA forecasts U.S. crude oil production will end 2019 at more than 12 million b/d.
  • EIA forecasts that total crude oil and petroleum product net imports will fall from an annual average of 3.7 million b/d in 2017 to an average of 2.6 million b/d in 2018 and to 1.5 million b/d in 2019, which would be the lowest level of net imports since 1958.
  • EIA estimates global petroleum and other liquid fuels inventories declined by 0.5 million b/d in 2017. In this forecast, global inventories grow by 0.2 million b/d in 2018 and by 0.6 million b/d in 2019.
Natural Gas
  • U.S. dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017. EIA forecasts dry natural gas production will average 80.5 Bcf/d in 2018, establishing a new record. EIA expects natural gas production will rise again by 2.9 Bcf/d in 2019 to 83.3 Bcf/d.
  • Growing U.S. natural gas production is expected to support increasing natural gas exports in the forecast. EIA forecasts net natural gas exports to increase from 0.4 Bcf/d in 2017 to an annual average of 2.0 Bcf/d in 2018 and 4.6 Bcf/d in 2019.
  • EIA estimates that natural gas inventories increased by 22 billion cubic feet (Bcf) in April, ending the month 27% below the five-year average for the end of April. If confirmed in the monthly data, the April 2018 injection would be the smallest April injection since 1983. Preliminary data indicate April temperatures were the coldest for that month in the past 21 years, which contributed to low injections. Based on EIA’s forecast of rising production, natural gas inventories should increase by more than the five-year average rate of growth during current the injection season (April–October) to reach more than 3.5 trillion cubic feet on October 31, which would be 8% lower than the five-year average for the end of October.
  • EIA expects Henry Hub natural gas spot prices to average $3.01/million British thermal units (MMBtu) in 2018 and $3.11/MMBtu in 2019. NYMEX futures and options contract values for August 2018 delivery that traded during the five-day period ending May 3, 2018, suggest that a range of $2.32/MMBtu to $3.40/MMBtu encompasses the market expectation for August 2018 Henry Hub natural gas prices at the 95% confidence level.
Electricity, coal, renewables, and emissions
  • EIA expects the share of U.S. total utility-scale electricity generation from natural gas-fired power plants to rise from 32% in 2017 to 34% in both 2018 and 2019. The forecast electricity generation share from coal averages 29% in both 2018 and 2019, down from 30% in 2017. The nuclear share of generation was 20% in 2017 and is forecast to be 20% in 2018 and 19% in 2019. Nonhydropower renewables provided slightly less than 10% of electricity generation in 2017 and are expected to provide more than 10% in 2018 and nearly 11% in 2019. The generation share of hydropower was 7% in 2017 and is forecast to fall slightly below that level both 2018 and 2019.
  • EIA forecasts coal production to decline by 3% to 751 million short tons (MMst) in 2018. The production decrease is largely attributable to a forecast decline of 4% in domestic coal consumption in 2018, with most of the decline expected to be in the electric power sector. A 9% forecast decline in coal exports also contributes to lower expected coal production in 2018. EIA expects coal production to remain nearly unchanged in 2019 at 752 MMst.
  • In 2017, EIA estimates that wind generated an average of 697,000 megawatthours per day (MWh/d). EIA forecasts that wind generation will rise to 741,000 MWh/d in 2018 and to 766,000 MWh/d in 2019. If factors such as precipitation and snowpack remain as forecast, conventional hydropower is forecast to generate 747,000 MWh/d in 2019, making it the first year that wind generation would exceed hydropower generation in the United States.
  • After declining by 0.9% in 2017, EIA forecasts that energy-related carbon dioxide (CO2) emissions will increase by 1.4% in 2018 and by 0.4% in 2019. Energy-related CO2 emissions are sensitive to changes in weather, economic growth, and energy prices.

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October, 04 2022
Propane Bullet Tank: What Is It?


A Propane Bullet Tank, also known as LPG Above Ground Tanks, is used for storing liquid natural gas. The tanks have components that best fit your company's needs and are available in various sizes.


The size of a propane bullet tank can be anything from 6,000 and 30,000 gallons, with an 18,000 tank generally the most popular. Tank fill levels should not exceed 70–80% for liquid natural gas to expand inside the vessel.


For holding trucks to reach the site and collect liquids, a tank's average pressure should be approximately 250 psi. This will keep liquid natural gas contained and under low pressure.

What & Where Is Propane Bullet Tank Used?


You're undoubtedly wondering, "Where should I utilize or keep them?" A propane bullet tank is linked to the cold separator drain on a Joule Thomson System (JTS) or mechanical refrigeration devices for the collection and short-term storage of the recovered natural gas liquids.


These tanks are also utilized in refineries and other end-use facilities for the bulk storage of goods that can be sold, such as propane or butane.


LPG is kept in propane bullet tanks because the liquid gas needs to be kept under intense pressure to remain fluid. Bullet tanks effectively do this because of their evenly dispersed, consistent pressure. Since there are no edges, there is also no possibility of a variable pressure region.



What Can a Propane Bullet Tank Do?

  1. A channel called a bulkhead stanchion prevents unintentional vehicle pull-away.

  2. The most important valve on any tank is the pressure relief valve. It is intended to release too much pressure. 

  3. The level gauge continuously measures the levels of liquid natural gas.

  4. Reduces fluid loss during emergencies thanks to the emergency shutoff valve.

  5. If trucking drives away while the hoses are still attached and move, the bulkhead, flexible hose, and hose couplings protect the piping. The flexible hoses won't break the ridged pipework; they will stretch.

  6. The high-pressure regulator controls the pneumatic pressure necessary for all ESVs to operate effectively.


GasnTools offer the most excellent propane Bullet tanks at affordable prices. Offering high-quality bullet tanks is what they are involved in doing due to their knowledge and experience in this particular field.


LPG gas is frequently kept and stored in these tanks. These LPG Above Ground Tanks serve a variety of industrial utilities quite effectively. Only top-notch raw materials and cutting-edge technologies are used when making this tank.



October, 03 2022
Where To Buy Nitrogen Gas?

Nitrogen in liquid form is a colorless, odorless, nonflammable, inert cryogenic liquid. It has a boiling point of less than -130 °F (-196 °C). Although this product is freezing, Nitrogen is widely used in chemical analysis during sample preparation. It is employed in the concentration and condensing of liquid sample volumes. It is used in the production of explosives, nylon, nitric acid, fertilizers, and color-safe operation precautions must be taken when handling or using it in Dubai.

Buy Liquid Nitrogen Cylinder in the UAE from GasNtools and improve the display of your frozen items!

Ways To Deliver Nitrogen

You must be wondering where to buy nitrogen gas. GasNtools is one of the best liquid nitrogen suppliers that can meet your needs for nitrogen gas no matter what they are. They provide nitrogen to:

  • Compressed nitrogen is offered in a variety of cylinder sizes:

40-liter nitrogen cylinder with a 6 m3 capacity at 140 bar and a 10 m3 capacity at 200 bar.

  • Different-sized pour spouts of liquid nitrogen are available.

  • Massive service: For high-volume applications, liquid nitrogen is transported in cryogenic tankers to on-site storage. It is kept as a cryogenic liquid in a vacuum-insulated vessel that can hold enough over many days and is available as either a liquid or a gas on demand.

Food Industry

It has spread throughout the industry and is now widely used in restaurants to quickly freeze liquids to ice creams and desserts for live food displays. Because liquid nitrogen has a temperature of -196 °C, the liquid ice cream mixture can be quickly cooled and frozen. Any remaining nitrogen escapes as a gas. Another advantage of freezing is that it reduces dehydration losses, which can reach crucial economic tiers with these items under ambient air. The cost of liquid nitrogen in Dubai is completely inexpensive. As a result, many customers approach GasNtools to obtain this nitrogen gas quickly and affordably.


Warnings

Although liquid nitrogen is safe in food and beverages, it should not be consumed immediately. Before providing it to the customer, it must have vanished entirely from the food or drink. Because it can be highly hazardous or devastating if not handled properly, this product is only maintained by trained chefs.

When managing liquid Nitrogen, wear dielectrics gloves and carefully made PPEs (Personal Protective Equipment).

GasNtools is Dubai's most dependable nitrogen gas supplier. They always transport nitrogen gas in a trustable container. You must use a service elevator to transport this gas.



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