EIA data show an unexpected weekly climb in U.S. crude supplies – MarketWatch

EIA data show an unexpected weekly climb in U.S. crude supplies Myra P. Saefong The Energy Information Administration on Wednesday reported that U.S. crude supplies rose by 5.4 million barrels for the week ended May 10. Analysts and traders expected a fall of 1.4 million barrels, on average, according to a survey by The Wall Street […]

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EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters

NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd.  The EIA forecast output in 2020 will rise […]

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U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA)

U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.php

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Oil drifts lower in choppy trade after unexpected jump in U.S. crude inventories – MarketWatch

Oil futures saw choppy trade Wednesday after data showed a larger-than-expected jump in U.S. crude inventories. The Energy Information Administration said crude inventories rose 7.2 million barrels to 449.5 million barrels in the week ended March 29, leaving them at the five-year average. Analysts surveyed by S&P Global Platts had produced a consensus forecast for […]

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Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch

Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch — Read on www.marketwatch.com/story/oil-prices-rise-as-api-data-reportedly-show-a-surprise-decline-in-us-crude-supplies-2019-02-26

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U.S. oil output to hit new record above 13 million bpd in 2020: EIA | Reuters

NEW YORK (Reuters) – U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday.  U.S. oil production this year is forecast to be at a […]

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Oil settles at lowest in over a year, with U.S. prices sliding toward $50 – MarketWatch

Oil futures drop Wednesday to settle at their lowest in more than a year, sending U.S. prices sliding toward $50 a barrel, on the back of a 10th straight weekly rise in U.S. crude stockpiles. — Read on www.marketwatch.com/story/oil-prices-churn-as-us-inventory-climb-expected-2018-11-28

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US is now world’s top oil producer, Energy Department says

The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. — Read on www.click2houston.com/news/national/us-is-now-worlds-top-oil-producer-energy-department-says

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Phillips 66 Partners expanding Gray Oaks crude pipeline capacity to 900,000 b/d | S&P Global Platts

Phillips 66 Partners said Friday it was expanding to 900,000 b/d the capacity of its Gray Oaks crude pipeline, now under construction, supported by strong demand to move Permian crude to the US Gulf C — Read on www.spglobal.com/platts/en/market-insights/latest-news/oil/102618-phillips-66-partners-expanding-gray-oaks-crude-pipeline-capacity-to-900000-b-d

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Oil futures fall in electronic trade as API data reportedly shows a hefty rise in U.S. crude supply – MarketWatch

Oil futures fell in electronic trading late Tuesday after the American Petroleum Institute reported that U.S. crude supplies rose by 9.9 million barrels for the week ended Oct. 19, according to sources. The API data also showed supply declines of 2.8 million barrels for gasoline and 2.4 million barrels for distillates, sources said. Supply data […]

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