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 ...
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. ...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 ...
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 ...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 ...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), ...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 ...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 ...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 ...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 ( ...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
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 ...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 ...
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