Tag: EIA
Global liquid fuels use rise nearly 20 per cent by 2040
Liquid fuels growth driven by transportation, industrial sectors The United States Energy Information Administration forecasts global use of petroleum and other liquid fuels to jump by nearly 20 per cent by 2040. Growth in the transportation and industrial sectors are the biggest factors in the expected increase. According to the EIA, consumption of liquid fuels […]
Oil prices rise as US crude stocks jump, gasoline inventories drop
Market appears to have factored in impact of Hurricanes Harvey and Irma US crude stocks rose significantly last week and gasoline inventories dropped to the lowest level on record as US Gulf Coast refinery activity markedly slowed in the wake of Hurricane Harvey. As of 1:16 p.m. EDT, US crude prices were up 78 cents […]
Oil prices fall despite drop in US crude stocks
Largest draw in crude stocks in nearly a year Oil prices fell in seesaw trading on Wednesday, despite a larger-than-expected drop in US crude stocks reported by the US Energy Information Administration. Brent crude was down by 13 cents to $50.67/barrel by 1:14 p.m. EDT after trading as high as $51.40 earlier in the day […]
Forecast for US shale oil output up in August to 5.6 million b/d: EIA
US shale output expected to rise for eighth straight month On Monday, the US Energy Information Administration projected US shale production would increase in August to 5.585 million barrels per day (b/d), up 112,000 b/d. Should the estimate from the agency’s monthly drilling report prove true, US shale output will be at its highest level […]
US crude stocks down by 7.6 million barrels last week: EIA
US crude stocks decline biggest since September The decline in US crude stocks last week was the largest in ten months and was more than analysts had expected due to falling imports and increased refining rates. Data from the US Energy Information Administration showed US crude inventories fell by 7.6 million barrels in the week […]
US gasoline, crude stocks drop, prompting rise in oil prices: EIA
US crude stocks down 6.3 million barrels Data from the US Energy Information Administration showed US crude stocks fell to their lowest levels since January and at the same time, refining activity increased and oil imports fell. As well, gasoline inventories fell sharply ahead of the Fourth of July holiday weekend. Crude inventories were down […]
US crude stocks rise slightly, gasoline inventories down
US crude stocks up 118,000 barrels in week ending June 23 On Wednesday, the US Energy Information Administration released data showing US crude stocks had risen last week and gasoline inventories fell. Crude inventories rose by 118,000 barrels in the week ending June 23. Analysts had expected a decline of 2.6 million barrels on increased […]
US crude stocks, gasoline inventories fall: EIA
US crude stocks down by 2.5 million barrels in week ending June 16 Data from the US Energy Information Administration showed US crude stocks and gasoline inventories fell last week, surprising analysts with a larger-than-anticipated draw. Crude stocks fell 2.5 million barrels in the week ending June 16. Analysts had expected inventories to fall by […]
Oil supply growth expected to outpace consumption in 2018: IEA
Oil supply from non-OPEC production expected to grow by 700,000 b/d in 2017 In 2018, the increase in oil supply is expected to outpace anticipated demand of over 100 million barrels per day (b/d), according to a report by the International Energy Agency released on Wednesday. The EIA report said non-OPEC production is forecast to […]
US crude stocks dip, but gasoline inventories rise: EIA
US crude stocks down 1.7 million barrels US crude stocks fell last week, according to the US Energy Information Administration. The reduction in oil inventories was overshadowed by an unexpected increase in gasoline stocks which nixed market optimism over the crude drawdown. Crude stocks were down by 1.7 million barrels in the week ending June […]
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