Tag: liquid fuels
US gasoline prices higher in 2017
Texas gasoline taxes among lowest in United States U.S. regular retail gasoline prices averaged $2.41 per gallon (gal) in 2017, 27 cents/gal (13 per cent) higher than in 2016, but two cents/gal less than in 2015, according to the U.S. Energy Information Administration. Higher crude oil prices in 2017 contributed to higher gasoline prices. In 3 of the […]
Crude oil prices increased in 2017, and Brent-WTI spread widened
US crude oil production increased in 2017 by 384,000 b/d, more growth forecast to 2030 Crude oil prices ended 2017 at the highest levels since 2013 and West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year at $60/b, $6/b higher than at the […]
Energy commodity prices increased in the second half of 2017
Less natural gas used in U.S. electricity generation during summer of 2017 compared with 2016 After decreasing nearly 20 per cent in the first half of 2017, the spot energy index in the Standard and Poor’s (S&P) Goldman Sachs Commodity Index (GSCI) ended 2017 16 per cent higher than the beginning of the year, according […]
Canada is United States’ largest partner for energy trade ‘by far’ – US EIA
Canada by far the largest source of US crude oil imports (41% of total in 2016) Canada is the largest energy trading partner of the United States. Based on the latest annual data from the U.S. Census Bureau, energy accounted for about 5 per cent of the value of all U.S. exports to Canada and more […]
US biodiesel production still increasing despite expiration of tax credit
Biodiesel is typically more expensive than petroleum-based diesel Through the first nine months of 2017, U.S. biodiesel production levels were slightly higher than 2016 levels, despite the expiration of a federal biodiesel blender’s tax credit at the end of 2016, according to the U.S. Energy Information Administration. Domestic biodiesel production may continue to increase because […]
Production from offshore pre-salt oil deposits has increased Brazil’s oil production
Pre-salt oil deposits are under deep, thick layers of rock and salt and require substantial investment to extract Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to U.S. Energy Information Administration data through Aug., up from 3.2 million b/d in 2016 – making it […]
Natural gas production in Bakken region increases at faster rate than oil production
New targets set in 2014 to limit flaring to 10% by Oct. 1, 2020 In North Dakota’s Bakken region, the ratio of natural gas production relative to crude oil, known as the gas-oil ratio, has been gradually increasing since 2008 and has increased at a faster rate since 2014, according to the U.S. Energy Information Administration. […]
Russia exports most of its crude oil production, mainly to Europe
Russia also exported 1.3 million b/d of fuel oil, 990,000 b/d of diesel, and 120,000 b/d of gasoline in 2016 Russia exported more than 5.2 million b/d of crude oil and condensate and more than 2.4 million b/d of petroleum products in 2016, mostly to countries in Europe, according to the U.S. Energy Information Administration. […]
More US distillate is being exported, less to Canada
Exports to Canada decreased by 15,000 b/d U.S. distillate exports have continued to increase in 2017, both in volume and as a share of total distillate production. Domestic distillate demand has remained relatively stable, increasing slightly from January through July 2017, according to the U.S. Energy Information Administration. Distillate exports from the United States reached […]
Almost 40% of global liquefied natural gas trade moves through the South China Sea
LNG importers with largest volumes passing through South China Sea are Japan, South Korea, China, and Taiwan The South China Sea is a major route for liquefied natural gas (LNG) trade, and in 2016, almost 40 per cent of global LNG trade, or about 4.7 trillion cubic feet (Tcf), passed through the South China Sea, […]
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