By Ovunc Kutlu
ANKARA (AA) – The US is still the reigning champion in crude oil and natural gas production despite coronavirus-related quarantine measures that are causing low demand and a cutback in oil and gas output.
With the shale revolution, which enabled the widespread use of methods such as hydraulic fracturing and horizontal drilling, the US' crude oil production soared from an annual average of 5 million barrels per day (bpd) in 2008 to a record high level of 13.1 million bpd for the week ending Feb. 28, 2020, according to the country's Energy Information Administration (EIA).
However, due to weak oil demand and low oil prices caused by COVID-19, US crude oil production fell to 11.6 million bpd for the week ending May 8, and is expected to average 11.7 million bpd in 2020, according to the EIA.
The US still comes on top in terms of total crude oil and global oil product output with an annual average of 15.3 million bpd in 2018, according to the latest data available based on BP’s Statistical Review of World Energy report released last year.
It was followed by Saudi Arabia with an average of 12.2 million bpd in 2018, and Russia based on an average of 11.4 million bpd, the report showed.
– Crude imports down, exports up
The shale oil revolution helped the US to gradually lower the volume of crude oil imports over the years and also helped it to begin the export of crude oil.
In late 2015, Former US President Barack Obama lifted the self-imposed ban on the export of domestically produced crude oil that had been implemented in the country since the 1970s.
Since then, US crude oil exports increased from an average of 591,000 bpd in 2016 to a record high level of 3.71 million bpd in February 2020, the EIA showed.
During the first seven months of 2019, the US exported crude oil to as many as 31 destinations per month, according to the EIA.
As for imports, the US held the all-time annual high record of 10.12 million bpd of crude imports in 2006 before the shale revolution started. This level declined to an annual average of 6.79 million bpd in 2019, and to as low as 5.81 million bpd in November last year.
The US continues to import most of its crude from its northern neighbor Canada, which averaged 3.81 million bpd last year.
However, the US continues to rely heavily on the Middle East where US imports from Saudi Arabia averaged 500,000 bpd in 2009, according to the EIA data. However, that level is significantly down from the all-time highest level of 1.7 million bpd recorded in 1991 right after the Gulf War.
After Saudi Arabia, Mexico ranks second with US imports from its southern neighbor reaching an annual average of 600,000 bpd in 2019.
– Natural gas
Since the shale revolution, US natural gas production also jumped from 21.1 trillion cubic feet (597.5 billion cubic meters) in 2008 to 36.2 trillion cubic feet (1.02 trillion cubic meters) in 2019, according to the EIA data.
The US is still the world leader when it comes to natural gas production, which averaged approximately 832 billion cubic meters in 2018, according to BP’s Statistical Review of World Energy report.
Russia followed that year with 669 billion cubic meters of natural gas production, while Iran was in third place with 239 billion cubic meters of gas output, the report showed. Qatar, the world's reigning LNG export champion for more than a decade, fell to fourth place in 2018 with 175 billion cubic meters of gas production.
Canada is still the top country for supplying the majority of US natural gas imports and constitutes almost all of the US’ gas purchases via pipeline.
In 2019, US gas imports from Canada totaled 2.68 trillion cubic feet (75.9 billion cubic meters), the EIA data showed.
As for liquefied natural gas (LNG) in 2019, the US imported the most LNG from Trinidad with an average of 46.8 billion cubic feet (1.32 billion cubic meters).
That was followed by Nigeria with 3.1 billion cubic feet (87.8 million cubic meters) and France with 2.6 billion cubic feet (73.6 million cubic meters), according to the EIA data.
– LNG export projects
The US started exporting more natural gas than it imports on an annual basis in 2017 due to increased LNG exports, the rise in pipeline exports to Mexico, and fewer gas imports from Canada.
The US began exporting LNG from Lower 48 states, excluding Mexico, in February 2016, when Cheniere Energy's Sabine Pass liquefaction terminal in the US state of Louisiana shipped its first cargo overseas.
Since then, the Cove Point LNG export facility began operations in Maryland, and the Corpus Christi facility in Texas started exporting LNG in 2018.
Two more LNG export facilities, Cameron LNG in Louisiana and Freeport LNG in Texas were also commissioned, while Elba Island LNG facility in Georgia, is close to becoming fully operational for LNG exports.
According to the EIA data, US LNG exports only stood at 3.3 billion cubic feet in February 2016 when there was only one terminal, and soared to the all-time highest level of approximately 250 billion cubic feet (7.1 billion cubic meters) in January 2020.
Turkey marks 567th anniversary of Istanbul’s conquest
By Handan Kazanci
ANKARA (AA) - Anadolu Agency is here with a rundown of the latest developments on the coronavirus pandemic and other news in Turkey and around the world.
- Coronavirus in Turkey
Turkey on Thursday confirmed 926 additional recoveries as the country began easing measures against the novel coronavirus, according to the country’s health minister.
The total number of recoveries from the disease hit 131,778 as 926 more patients were discharged from hospitals over the past day, Fahrettin Koca said on Twitter, citing Health Ministry data.
The country's death toll from the outbreak rose to 4,630 as Turkey reported 21 new fatalities over the last 24 hours.
Turkey conducted over 54,000 COVID-19 tests in the past 24 hours, bringing the total tally to more than 2.2 million, said Koca.
Meanwhile, Turkey plans to resume international flights to 40 countries gradually as of June 10, Transport and Infrastructure Minister Adil Karaismailoglu said Thursday.
International flights from Turkey will carry passengers first to the Turkish Republic of Northern Cyprus, Bahrain, Bulgaria, Qatar and Greece, Karaismailoglu said in a statement.
Turkey suspended all international flights on March 28 amid COVID-19-related travel restrictions worldwide.
- Global coronavirus developments
A low death toll was once again recorded Thursday as France recovers from the coronavirus pandemic which plagued the country over the last three months, according to the latest statistics reported by the Health Ministry.
The country registered a total of 46 deaths in hospitals Thursday, a drop of 39 cases over those reported Wednesday.
Italy on Thursday reported 88 more fatalities from the pandemic, bringing the death toll to 33,689 as authorities unveiled new guidelines to prevent crowded summer spots like beach resorts from becoming new virus hotbeds.
The slowing trend in the number of deaths registered in May continued in early June, confirming that the peak of the crisis has been passed.
Face masks on English public transport will be mandatory from June 15, the British government announced Thursday, as a further 176 people died from the coronavirus over the past 24 hours.
British authorities announced that the UK-wide death toll from COVID-19 is now 39,904.
As Spain prepares for its state of emergency over COVID-19 to last until June 21, the Health Ministry reported Thursday that 195 more people were infected with the coronavirus and five more had died.
The number of infections diagnosed Wednesday was down slightly from the 219 people who tested positive Tuesday but up from Monday and Sunday. In total, 240,660 infections have been confirmed in the country.
Health officials in the Palestinian enclave of Gaza announced Thursday the arrival of medical supplies sent by Turkey to help fight the novel coronavirus outbreak.
In a statement, Health Ministry spokesman Ashraf al-Qudra confirmed that two polymerase chain reaction (PCR) machines had been delivered for detecting the virus.
- George Floyd Memorial service
Hundreds of mourners on Thursday attended the first of several memorials for George Floyd – an unarmed black man who was killed in police custody on May 25.
The service at North Central University in Minneapolis, Minnesota was attended by Floyd's family and Ben Crump, the civil rights attorney representing the family, as well as celebrity guests.
Meanwhile, New York Governor Andrew Cuomo on Thursday urged demonstrators joining protests over the death of George Floyd to get tested for the novel coronavirus.
Speaking at his daily press briefing, Cuomo said around 30,000 people have taken part in the statewide protests demanding justice for the killing of the unarmed black man in police custody.
Of them, 20,000 were involved in rallies in New York City.
In Europe, German Chancellor Angela Merkel has urged citizens not to overlook the racism problem in Germany while intensely discussing racism and police brutality in the US after the death of George Floyd.
"This murder of George Floyd is very, very terrible. Racism is something terrible,” Merkel said Thursday evening in an exclusive interview with public broadcaster ZDF.
“Racism has always been present, but sadly we also have this [problem]. We should first sweep in front of our own door,” she stressed.
- Other developments
Turkey and Libya plan to advance cooperation in the Eastern Mediterranean, including exploration and drilling activities, to further benefit from natural resources, Turkey’s president said in a meeting with Libya’s prime minister Thursday.
The meeting between Recep Tayyip Erdogan and Fayez al-Sarraj took place at the presidential palace in the Turkish capital Ankara.
Erdogan said Turkey and Libya have reached a consensus on expanding their cooperation areas on the territory of Libya.