NrgEdge Editor

Sharing content and articles for users
Last Updated: July 13, 2018
1 view
Business Trends
image

EIA expects Brent crude oil prices to average $73 per barrel in the second half of 2018, then fall to $69 per barrel in 2019


In the July 2018 update of its Short–Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $73 per barrel (b) in the second half of 2018 and $69/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average $7/b lower than Brent prices in the second half of 2018 and $7/b lower in 2019 (Figure 1).

EIA’s forecast of global liquid fuels balances indicates a looser oil market in the second half of 2018 and through the end of 2019 compared with the tight oil market conditions that prevailed in 2017 and the first half of 2018. Although global petroleum and other liquid fuels inventories declined by an average of 0.5 million barrels per day (b/d) in 2017, EIA expects inventories to be relatively unchanged in 2018 and to increase by 0.6 million b/d in 2019 (Figure 2).

Figure 2. Week on week change product supplied

The forecast inventory builds in 2019 are mainly the result of expected liquid fuels production growth in the United States, Brazil, Canada, and Russia. EIA forecasts that these countries will collectively provide 2.2 million b/d out of the 2.4 million b/d of total global supply growth in 2019. Supply growth of this magnitude would outpace EIA’s forecast for global liquid fuels consumption growth of 1.7 million b/d for 2019.

EIA forecasts total U.S. crude oil production to average 10.8 million b/d in 2018, up 1.4 million b/d from 2017, and 11.8 million b/d in 2019. If realized, the forecast level for both years would surpass the previous U.S. record of 9.6 million b/d set in 1970. Crude oil production at these forecast levels would probably make the United States the world’s leading crude oil producer in both years.

Increased production from tight rock formations within the Permian region in Texas and New Mexico accounts for 0.6 million b/d of the expected 1.2 million b/d of crude oil production growth from June 2018 to December 2019. The remaining increase comes from the Bakken, Eagle Ford, other regions in the Lower 48 states, and the Federal Offshore Gulf of Mexico.

However, OECD inventory levels that have fallen below the five-year (2013–17) average and a forecast of low spare capacity among members of the Organization of the Petroleum Exporting Countries (OPEC) create conditions for possible price increases if additional supply disruptions occur or if forecast supply growth does not materialize (Figure 3). EIA expects OPEC surplus production capacity to average 1.7 million b/d in 2018 and to fall to 1.3 million b/d in 2019, a relatively low level compared with the 2008–17 average of 2.3 million b/d. Low OPEC crude oil surplus production capacity can be an indicator of tight oil market conditions. All of OPEC’s currently available surplus production capacity is in Saudi Arabia, Kuwait, the United Arab Emirates, and Qatar.

Figure 3. Week on week change product supplied

EIA forecasts OPEC crude oil production to average 31.9 million b/d in 2018, a decrease of 0.6 million b/d compared with the 2017 level. The forecast decline is mainly the result of Venezuela’s rapidly decreasing crude oil production, which fell to less than 1.4 million b/d as of June 2018, a 0.6 million b/d decrease compared with June 2017. OPEC output during the first half of 2018 was also lower as a result of the production caps placed on the group’s producers as agreed upon in the November 2016 OPEC production agreement that aimed to limit OPEC crude oil output to 32.5 million b/d.

OPEC crude oil production averaged 31.9 million b/d in June. Although the OPEC and non-OPEC participants agreed on November 30, 2017, to extend the production cuts through the end of 2018 to reduce global oil inventories, tightening market conditions led the group to relax the production cuts starting in July 2018. EIA expects that OPEC crude oil output will decrease by an average of less than 0.1 million b/d in 2019. This small decline reflects crude oil production increases from some producers that would mostly offset expected combined declines of more than 1.0 million b/d in Iran and Venezuela.

U.S. average regular gasoline and diesel prices increase

The U.S. average regular gasoline retail price increased one cent from the previous week to $2.86 per gallon on July 9, up 56 cents from the same time last year. The Midwest and Gulf Coast prices each increased nearly two cents to $2.78 per gallon and $2.62 per gallon, respectively, the East Coast price increased one cent to $2.78 per gallon, and the West Coast price rose slightly, remaining virtually unchanged at $3.39 per gallon. The Rocky Mountain price decreased marginally, remaining virtually unchanged at $2.96 per gallon.

The U.S. average diesel fuel price increased less than a cent, remaining at $3.24 per gallon on July 9, up 76 cents from a year ago. The Rocky Mountain and East Coast prices each increased over a penny to $3.37 per gallon and $3.24 per gallon, respectively, the Midwest price rose nearly one cent to $3.18 per gallon, and the West Coast and Gulf Coast prices each rose slightly, remaining virtually unchanged at $3.75 per gallon and $3.00 per gallon, respectively.

Propane/propylene inventories rise

U.S. propane/propylene stocks increased by 2.4 million barrels last week to 63.6 million barrels as of July 6, 2018, 6.4 million barrels (9.2%) lower than the five-year average inventory level for this same time of year. Gulf Coast and Midwest inventories each increased by 1.2 million barrels and Rocky Mountain/West Coast inventories increased by 0.2 million barrels, while East Coast inventories decreased by 0.2 million barrels. Propylene non-fuel-use inventories represented 3.7% of total propane/propylene inventories.

3
0 0

Something interesting to share?
Join NrgEdge and create your own NrgBuzz today

Latest NrgBuzz

Petroleum products

Dear Sir/ madam ,


kindly note that we currently have Russia petroleum product in seller Tank at Ningbo port china / Rotterdam, LNG. JP54 , ESP0, JETA 1 ,LCO , We are looking for capable buyer to close the deal with .




kindly contact me on my Email.




Email: [email protected]

August, 17 2022
Metal pallet manufacturers

HIGH QUALITY

MATERIAL HANDLING SOLUTIONS

DISCOVER MORE

Welcome to Sre Kateel Industries

Our Products sell well throughout the country and have versatile applications in various industries.

STORAGE SYSTEM

MATERIAL HANDLING

PROCESS EQUIPMENT

AUTOMATION

Certifications

ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007

INDUSTRY

Automobile

Heavy Machinery

Pharmaceutical

Manufacturing & Trading

OUR CLIENTS

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

PALLETS

SAFETY LOCKERS

FIFO RACKS

RACK WITH AUTO SHUTTER

MEZZANINE FLOOR

TROLLEY & DOLLY

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

HOISTS

EOT CRANES

GOODS LIFTS

SCISSORS LIFTS

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

HOPPERS

INDUSTRIAL CHIMNEY

TANKS & VESSELS

Our Products meet your requirements?

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

STORAGE SYSTEMS

PRODUCTS

MATERIAL HANDLING

PROCESS EQUIPMENTS

AUTOMATION

CONVEYOR SYSTEMS

ASSEMBLY TABLES

ROTATING FIXTURES

GET IN TOUCH

Our Products meet your requirements?

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

SERVICES

OUR EXPERTISE

We are a team of highly qualified professionals delivering quality products of Highest Standards.

DESIGN

ENGINEERING

MANUFACTURING

We give utmost importance to precision. We are able to achieve it through a well-planned design and implementation. Designs that meet customer requirements; implementation that meet industry standards.

A perfectly crafted quality analysis and control process engineers our manufacturing. May it be procurement, design or manufacturing, the process is crafted to a achieve perfection.

We follow the latest manufacturing techniques. Our infrastructure is well-equipped and efficiently planned to analyze the design and deliver the

desired product.

Our Expertise meet your requirements?!

GET IN TOUCH

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

ABOUT

WELCOME TO SRE KATEEL

Sre Kateel Industries is an ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007 certified fabrication Industry incorporated in the year 1993 is located in Bangalore India.

With over 3 decades of outstanding engineering, experience in fabrication, a team of highly skilled manpower and dedicated Professionals, we are confident to meet the requirements and supply all kind of storage & material handling equipments. Our manufacturing unit is spread over 30,000 square feet area.

WHY CHOOSE US

We can assure the widest range of engineering and fabrication products, with optimum

customization. We deliver exactly what the client expects from us, and many a times beyond their expectations.

Various industrial requirements under one roof

We are pioneers in storage & material handling solutions

We give utmost importance to quality and time

  • + Professionalism

We are team of qualified professionals. As we offer turn-key projects, we ensure utmost professionalism at every stage of planning, production and delivery.

  • + Quality Standard

We are an ISO certified company. Every process followed is per ISO standards and global trends. We procure raw material of high standards, and only from certified brands.

  • + Wide Range of Products

We have always been lauded for our wide range of products. May it be automation, material handling, process equipments or storage solutions, we provide the widest range, with industry specific and customer specific customization.

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

 

HOME

PRODUCTS

SERVICES

ABOUT

CONTACT

+91 9845669129 , +91 9901 889129

ISO- 9001-2015 QMS | ISO 14001:2015 EMS | OHSAS 18001:2007

[email protected]

CONTACT

GET IN TOUCH

REACH US

Top of Form

Enter Name*

Enter Email*

Submitting Form...

The server encountered an error.

Form received.

Bottom of Form

Top of Form

Enter Your Message

Subject

Enter Phone Number

Bottom of Form

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

+91 9845669129 , +91 9901 889129

[email protected]

 

ABOUT

PRODUCTS

SRE KATEEL INDUSTRIES

SY. #83, Superintendent Dinne, Gottigere Post

C.K. Palya Road, Off Bannergatta Main Road

Bengaluru - 560 083. INDIA.

Home

Company

Values

Storage System

Material Handling

Process Equipments

+91 9845669129 , +91 9901 889129

Team

Automation

[email protected]

© Copyright 2017-18 SRE KATEEL INDUSTRIES. All Rights Reserved.

SERVICES

Design

Engineering

Manufacturing

https://srekateel.com

https://srekateel.com/index.html

https://srekateel.com/about.html

https://srekateel.com/products-storage-systems.html

https://srekateel.com/products-material-handling.html

https://srekateel.com/products-process-equipments.html

https://srekateel.com/products-automation.html

https://srekateel.com/services.html

https://srekateel.com/contact.html

https://www.google.com/maps/dir//Sre+Kateel+Industries+Sy.No.+83,+Superintendent+Dinne,+Gottigere+Post,+C.K.+Palya+Road+off,+Bannerghatta+Main+Rd+Bengaluru,+Karnataka+560083/@12.8398955,77.5991025,12z/data=!4m5!4m4!1m0!1m2!1m1!1s0x3bae6b87df21f64b:0x649e8ae0bbcf453c

August, 17 2022
EOT Crane Manufacturers in Bangalore, Hoist crane manufacturers

SRE KATEEL INDUSTRIES   Crane Manufacturers in Bangalore India, EOT Crane, Hoist Crane, Goods lift, Mezzanine floor, Heavy Duty Racks Manufacturers

Sre Kateel Industries Crane manufacturers, crane manufactures Bangalore, overhead E. O. T. cranes, overhead H.O.T. cranes, jib cranes, Goliath, Gantry cranes, Hoist, Pulleys, Hoist Crane, Goods Lift Manufacturers, Metal pallet, Mezzanine floor manufacturers, Heavy duty racks, Trolley manufacturers

Crane Manufacturers in Bangalore, EOT Crane, Hoist Crane, EOT Crane Manufacturers in Bangalore, Hoist crane manufacturers in India, Goods lift manufacturers, Mezzanine floor manufacturers, Metal pallet manufacturers,  Heavy duty racks manufacturers, Trolley manufacturers, Tanks and vessels manufacturers in India  https://srekateel.com

SRE KATEEL INDUSTRIES  Heavy duty racks Manufacturers, Tanks and vessels manufacturer, Trolley manufacturers, Goods lift manufacturers in Bangalore

We are manufacturers for EOT Crane, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers in Bangalore Karnataka, India

EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers

SRE KATEEL INDUSTRIES  Goods lift manufacturers,Crane Manufacturers in Bangalore

SRE KATEEL INDUSTRIES  Tanks and vessels manufacturers,Goods lift manufacturers,Crane Manufacturers in Bangalore

We are Specialist in Manufacturing like Trolley manufacturers, Tanks and vessels manufacturer, Heavy duty racks manufacturers, Metal pallet, Mezzanine floor manufacturers, Goods lift manufacturers, Crane Manufacturers, Hoist crane, EOT Crane Manufacturers in Bangalore

EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers

SRE KATEEL INDUSTRIES   EOT Crane Manufacturers, Hoist crane, Goods lift,  Mezzanine floor, Metal pallet, Heavy duty racks, Tanks and vessels, Trolley manufacturers in Banagalore

Crane Manufacturer  SRE KATEEL INDUSTRIES  EOT Crane, Hoist crane, Goods lift, Mezzanine floor, Metal pallet, Heavy duty rack Manufacturers

SRE KATEEL INDUSTRIES   Mezzanine floor manufacturer, Metal pallet, Tanks and vessels, Goods lift, Heavy duty racks manufacturers

Goods Lift And Elevator - Self Supported Structure Goods Lift Manufacturer from Bengaluru

Manufacturer of a wide range of products which include self supported structure goods lift, canteen dumbwaiter lift, industrial goods elevators, dumbwaiter lift, hydraulic goods lift and industrial goods lifts.

Sre Kateel Industries is an ISO- 9001-2015 QMS, ISO 14001:2015 EMS & OHSAS 18001:2007 certified fabrication Industry incorporated in the year 1993 is located in Bangalore India.

With over 3 decades of outstanding engineering, experience in fabrication, a team of highly skilled manpower and dedicated Professionals, we are confident to meet the requirements and supply all kind of storage & material handling equipments. Our manufacturing unit is spread over 30,000 square feet area

Double Girder EOT Crane Manufacturers Bangalore ,Crane Manufacturers , Industrial crane manufacturers bangalore, Crane supplier, Overhead crane manufacturers, EOT Crane Manufacturers  Double Girder Crane Manufacturers,Single Girder Crane Manufacturers Bangalore, Jib Crane Manufacturers

overhead E. O. T. cranes, overhead H.O.T. cranes, jib cranes, Goliath/ Gantry cranes, Hoist, Pulleys, Hooks & Accessories

EOT Crane, EOT Crane Manufacturers, Single Girder Crane Manufacturers,  Monorails Manufacturers,Double Girder Crane Manufacturers, Jib Crane Manufacturers, Goliath Crane Manufacturers, Wire Rope Hoists Manufacturers, Grab Manufacturers, Gantry Crane Manufacturers, Jib Crane Manufacturers, Monorails Manufacturers in bangalore ,Gantry Crane Manufacturers in Banglore, Crane manufacturers Bangalore, Crane manufacturer Bangalore, Crane manufacturers in bangalore, Crane manufacturer in bangalore, Crane manufacturers in india, Crane manufacturer in india, Crane manufacturer india, Crane manufacturers india, Industrial crane manufacturer, Industrial crane manufacturers, Industrial fabrication bangalore, Industrial Fabrication india, Industrial fabrication, Double girder eot cranes bangalore, EOT cranes

crane, cranes, EOT Crane, jib crane, jib cranes, jib, jib cranes for sale, wire rope, overhead cranes, gantry crane, gantry cranes,jib crane manufacturer, gantry, eot cranes, goliath crane, transfer trolleys, gantry crane, electric hoist, double girder cranes, double girder crane, gantry cranes, single girder crane, overhead crane, bridge crane, cranes manufacturers, EOT cranes

Gantry Crane Manufacturers, Monorails Manufacturers, transfer trolleys, Jib Crane Manufacturers, EOT Crane Manufacturers,Goliath Crane Manufacturers, Grab Manufacturers, Double Girder Crane Manufacturers, Single Girder Crane Manufacturers, Wire Rope Hoists Manufacturers, EOT cranes

crane, cranes, EOT Crane, jib crane, jib cranes,EOT Crane, Single, Double Side Girder Crane, Jib Crane, Wire Rope Hoists, Grab, Gantry, Goliath, Monorails,Gantry Crane Manufacturers, transfer trolleys,  Monorails Manufacturers, Jib Crane Manufacturers, EOT Crane Manufacturers,Goliath Crane Manufacturers, Grab Manufacturers, Double Girder Crane Manufacturers, Single Girder Crane Manufacturers, Wire Rope Hoists Manufacturers, EOT cranes

Mezzanine Floor, Mezzanine Floor In Bangalore, Mezzanine Floor Manufacturers In Bangalore, Mezzanine Floor Suppliers In Bangalore, Best Mezzanine Floor In Bangalore, Customised Mezzanine Floor In Bangalore, Mezzanine Floor Structure Manufacturers

Heavy Duty Racks in Bangalore , Heavy Duty Pallet Racks Manufacturers

https://srekateel.com

https://srekateel.com/index.html

https://srekateel.com/about.html

https://srekateel.com/products-storage-systems.html

https://srekateel.com/products-material-handling.html

https://srekateel.com/products-process-equipments.html

https://srekateel.com/products-automation.html

https://srekateel.com/services.html

https://srekateel.com/contact.html

https://srekateel.com/images/fabrication.jpg?crc=3930609999

https://www.google.com/maps/dir//Sre+Kateel+Industries+Sy.No.+83,+Superintendent+Dinne,+Gottigere+Post,+C.K.+Palya+Road+off,+Bannerghatta+Main+Rd+Bengaluru,+Karnataka+560083/@12.8398955,77.5991025,12z/data=!4m5!4m4!1m0!1m2!1m1!1s0x3bae6b87df21f64b:0x649e8ae0bbcf453c

August, 17 2022