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U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 16 hours agoLink > ProductionsupplyCrude oil +5

Equinor Goes “Bigly” in the North Sea

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 2 days agoLink > North SeaExxonEquinor +1

Crude oil used by U.S. refineries continues to get lighter in most regions

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 3 days agoLink > Crude oilProductionsupply +2

Your Weekly Update: 7 - 11 October 2019

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 3 days agoLink

EIA forecasts lower crude oil prices despite tighter global liquid fuels balances

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 3 days agoLink > CanadaChinaCrude oil +4

Recent decrease in U.S. crude oil production was geographically isolated, likely temporary

Monthly U.S. crude oil production fell by 276,000 barrels per day (b/d) in July 2019, based on the latest data in the U.S. Energy Information Administration's (EIA) Petroleum Supply Monthly. Crude oil production in the Federal Offshore Gulf of Mexico fell by 332,000 b/d in July when some producti ...

Hui Shan


Posted 3 days agoLink > ProductionsupplyLiquid Fuels +3

Your Weekly Update: 30 September - 4 October 2019

In the first half of 2019, U.S. exports of crude oil increased to average 2.9 million barrels per day (b/d), an increase of 966,000 b/d from the first half of 2018. U.S. crude oil exports to Asia grew significantly in the first half of 2019, up 472,000 b/d (58%) compared with the same period in 2 ...

Hui Shan


Posted 9 days agoLink > Oiloil and gas newsOil and Gas Industry +7

U.S. crude oil exports continued to grow in the first half of 2019

In the first half of 2019, U.S. exports of crude oil increased to average 2.9 million barrels per day (b/d), an increase of 966,000 b/d from the first half of 2018. U.S. crude oil exports to Asia grew significantly in the first half of 2019, up 472,000 b/d (58%) compared with the same period in 2 ...

Hui Shan


Posted 13 days agoLink > exoprtsImportsLiquid Fuels +3

This Week in Petroleum: U.S. crude oil exports continued to grow in the first half of 2019

In the first half of 2019, U.S. exports of crude oil increased to average 2.9 million barrels per day (b/d), an increase of 966,000 b/d from the first half of 2018. U.S. crude oil exports to Asia grew significantly in the first half of 2019, up 472,000 b/d (58%) compared with the same period in 2 ...

Hui Shan


Posted 14 days agoLink > CanadaChinaCrude oil +4

EIA projects that renewables will provide nearly half of world electricity by 2050

Resource availability, renewable policies, regional load growth, and declining technology costs drive EIA's projected increase in global electricity generation from solar technologies. EIA projects that China is the country that will see the most growth in solar generation because of its growing ...

Hui Shan


Posted 14 days agoLink > generationInternationalIEO +6

The Delicate Problem With Guyana’s Oil Riches

Just 4 years after first oil was struck in the South American nation of Guyana, which turned the sleepy former British colony into a hotbed of upstream activity, new discoveries are still piling up, seemingly on a monthly basis. Having been the power behind exploration in Guyana, ExxonMobil is no ...

Hui Shan


Posted 15 days agoLink > GuyanaExxonMobilStaebroek +2

August non-OPEC unplanned oil production outages fell to lowest level since at least 2011

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 15 days agoLink > Productionsupplyoutages +4

Five Fifty: Slow burn

McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Detailed information on the use of cookies on this Site, and how you can decline them, is provided in our cookie policy. By using this Site or click ...

Hui Shan


Posted 15 days agoLink

EIA projects global energy-related CO2 emissions will increase through 2050

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 16 days agoLink

Your Weekly Update: 23 - 27 September 2019

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 20 days agoLink > Oiloil and gas newsOil and Gas Industry +7