prices


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Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years—and recently hit a four-week average record low of 380,000 b/d in the week ending September 6—the United States still imports about 7 million b/d of crude oil. Saudi Arabia can use these inventories to ...

Hui Shan


Posted 2 months agoLink > pricesInternationalGasoline +6

This Week in Petroleum: Saudi Arabia crude oil production outage will affect global oil markets and U.S. gasoline prices

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 2 months agoLink > BrentCrude oilexports +7

Permian Basin natural gas prices up as a new pipeline nears completion

Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019. GCX will provide much-needed additional natural gas takeaway pipeline capacity from the Permian ...

Hui Shan


Posted 2 months agoLink > pricesnatural gasPipelines +2

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 3 months agoLink > ConsumptionDemandprices +5

TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia

A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...

Hui Shan


Posted 4 months agoLink > pricesConsumptionDemand +9

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 4 months agoLink > OilpetroleumSTEO +2

Dr. Daniel Fine: Hurricanes, strategic implications, royalties and prices

Hurricane Harvey last month shut down more than 3 million barrels of oil refinery output or nearly 17 percent of the nation's capacity. Refinery capacity in the Gulf Coast was down over 30 percent on Aug. 30. Whatever caused this hurricane, there is now a risk of future size and scale to be reckoned ...

Will Fine


Posted 2 years agoOpinion > Hurricane HarveyStrategic Oil & Gasoil royalties +36

Why Oil Prices Change and How to Monitor Them

Like just about any other commodity, the price of oil changes quite often, usually by the minute or even by the second. There are so many reasons why they happen, but what are they? From environmental factors to issues concerning trade balances and government stability, there are several causes to l ...

Zak Goldberg


Posted 2 years agoPress > Oilpricesmonitor +1