Energy Information Administration EIA


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Crude oil prices increased in 2016, still below 2015 averages

Source: U.S. Energy Information Administration, based on Thompson Reuters Crude oil prices ended the year above $50 per barrel (b). Although the annual average West Texas Intermediate (WTI) crude oil price in 2016 was $43/b—down $5/b from 2015—the WTI price ended 2016 at $53/b, $16/b higher th ...

OilVoice Press


Posted 1 month agoPress > Energy Information Administration EIAoil price

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Oil Stocks Build of 1.75 Million Barrels

Early signs of winter refinery maintenance and increased imports likely pushed U.S. crude oil inventories higher last week, according to an S&P Global Platts preview of this week's pending U.S. Energy Information Administration (EIA) oil stocks data.  Survey of Analysts Results : Crude oil ...

OilVoice Press


Posted 1 month agoPress > PlattsEnergy Information Administration EIACrude

With low oil prices in 2016, federal revenues from energy on federal lands again declined

Source: U.S. Energy Information Administration, based on Office of Natural Resources Revenue In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American I ...

OilVoice Press


Posted 25 days agoPress > Energy Information Administration EIAoil price

Strategic Petroleum Reserve sales expected to start this month

Source: U.S. Energy Information Administration, based on Strategic Petroleum Reserve Note: Volumes sold under the Bipartisan Budget Act of 2015 Section 404 are estimates based on an assumption of $50 per barrel. Yesterday the U.S. Department of Energy's (DOE) Office of Fossil Energy awarded c ...

OilVoice Press


Posted 23 days agoPress > Energy Information Administration EIA

Major U.S. tight oil-producing states expected to drive production gains through 2018

Source: U.S. Energy Information Administration, Short-Term Energy Outlook , January 2017 In EIA's January Short-Term Energy Outlook , U.S. crude oil production is forecast to increase from an average of 8.9 million barrels per day (b/d) in 2016 to an average of 9.3 million b/d in 2018, p ...

OilVoice Press


Posted 18 days agoPress > Energy Information Administration EIATight Oil