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 Advertisements
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 […]Read more "Oil drifts lower in choppy trade after unexpected jump in U.S. crude inventories – 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-2019-02-26Read more "Oil prices rise as API data reportedly show a surprise decline in U.S. crude supplies – MarketWatch"
Sooner or later, Russia, Saudi Arabia and the other party nations to the OPEC-Plus export limitations agreement are going to exhaust their running room for additional cuts. When that happens, the U.S. shale boom will probably come to a rapid halt. — Read on www.forbes.com/sites/davidblackmon/2019/02/22/the-oil-and-gas-situation-is-a-train-wreck-around-the-corner/amp/Read more "The Oil And Gas Situation: Is A Train Wreck Around The Corner?"
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 […]Read more "U.S. oil output to hit new record above 13 million bpd in 2020: EIA | Reuters"
EIA projects that U.S. liquefied natural gas (LNG) export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world behind Australia and Qatar. Currently, U.S. LNG export capacity stands at 3.6 Bcf/d, and it is expected to end the year at 4.9 […]Read more "U.S. liquefied natural gas export capacity to more than double by the end of 2019 – Today in Energy – U.S. Energy Information Administration (EIA)"
U.S. natural gas exports to Mexico hit a new record amid sagging production south of the border. Mexico imported about 6 billion cubic feet of natural per day from the United States in August, the U.S. Energy Information Administration reported late Thursday afternoon. — Read on m.chron.com/business/energy/article/U-S-natural-gas-exports-to-Mexico-hit-new-record-13432621.phpRead more "U.S. natural gas exports to Mexico hit new record – Houston Chronicle"
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-2018-11-28Read more "Oil settles at lowest in over a year, with U.S. prices sliding toward $50 – MarketWatch"
High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA) — Read on www.eia.gov/todayinenergy/detail.phpRead more "High gasoline inventories help drive U.S. refining margins to five-year lows – Today in Energy – U.S. Energy Information Administration (EIA)"
HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 […]Read more "Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico | Reuters"