STEO


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This Week in Petroleum: EIA forecasts moderate inventory builds in 2020 and lowers crude oil price forecast

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 9 days agoLink > ConsumptionDemandprices +5

SHORT-TERM ENERGY OUTLOOK

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 10 days agoLink > ElectricityrenewableCoal +10

This Week in Petroleum: Crude oil prices are forecast to remain relatively flat

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 1 month agoLink > OilpetroleumSTEO +2

SHORT-TERM ENERGY OUTLOOK

On May 31, 2019, Sempra Energy, the majority owner of the Cameron liquefied natural gas (LNG) export facility, announced that the company had shipped its first cargo of LNG, becoming the fourth such facility in the United States to enter service since 2016. Cameron LNG has regulatory approval to ...

Hui Shan


Posted 2 months agoLink > STEOLiquid FuelsEmissions +4

United States has been a net exporter of natural gas for more than 12 consecutive months

Source:  U.S. Energy Information Administration,  Natural Gas Monthly U.S. net natural gas exports in February 2019  totaled 4.6 billion cubic feet per day  (Bcf/d), marking 13 consecutive months in which U.S. natural gas exports exceeded imports. The United States exports natural gas by pip ...

Hui Shan


Posted 3 months agoOpinion > natural gasPipelinesSTEO +3

Natural Gas Storage Likely to Enter Winter at Lowest Levels Since 2005

Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report , Short-Term Energy Outlook EIA forecasts that natural gas inventories will reach 3,263 billion cubic feet (Bcf) at the end of October in its recently released October Short-Term Energy Outlook (STEO), ...

OilVoice Press - OilVoice


Posted 10 months agoOpinion > EIAEnergy Information Administration EIAnatural gas +2

The United States is Now the Largest Global Crude Oil Producer

Source: U.S. Energy Information Administration, Short-Term Energy Outlook The United States likely surpassed Russia and Saudi Arabia to become the world's largest crude oil producer earlier this year, based on preliminary estimates in EIA's Short-Term Energy Outlook (STEO). In February ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > EIAEnergy Information Administration EIAUnited States +5

Permian Region is Expected to Drive U.S. Crude Oil Production Growth Through 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , August 2018 EIA's August Short-Term Energy Outlook (STEO) forecasts that U.S. crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 million b/d in 2019. If realized, both of these ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > Permian RegionUnited Statesonshore +6

EIA Expects Brent Crude Prices Will Average $71 Per Barrel in 2018, $68 Per Barrel in 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIABrent Crude +3

EIA Expects Total U.S. Fossil Fuel Production to Reach Record Levels in 2018 and 2019

Source: U.S. Energy Information Administration, Monthly Energy Review and Short-Term Energy Outlook In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units ( ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > EIAEnergy Information Administration EIAFossil Fuels +6

Oil Price, Savannah, Tullow, SOCO, And Finally…

  Oil Price Crude continues to rise and my chartist friends are getting desperate as all markers are piling through resistance levels which makes them very nervous. Above $69 on Brent for example the next stop is $71 which is the 50% retracement level, this takes it into clear blue water, after ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > Malcy's Blogoil priceSavannah Petroleum +6

Residential Heating Oil and propane Prices are Expected to be Higher Than Last Winter

Source: U.S. Energy Information Administration, State Heating Oil and Propane Program , Short-Term Energy Outlook Residential heating oil and propane prices entered the winter heating season higher than last winter's prices, and EIA's Short-Term Energy Outlook (STEO) forecasts those p ...

OilVoice Press - OilVoice


Posted 1 year agoPress > STEOUnited StatesUS +3

U.S. Crude Oil Production Expected to Increase Through End of 2017, Setting Up Record 2018

Source: U.S. Energy Information Administration, Short-Term Energy Outlook EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. Production in 2018 is expected to average 9.9 mi ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > United StatesCrude ProductionEnergy Information Administration EIA +2