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This Week in Petroleum

September was the first month the United States recorded exporting more petroleum than it importedIn September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this happened since monthly records began ...

Hui Shan


Posted 2 days agoLink > CanadaCrude oilDiesel +11

Current US Drilling Trends and Future Oil Production

Looking at the data of active US oil rigs available from Baker Hughes – which is taken as a proxy for the level of upstream activity in the country – and the US crude production numbers from the EIA shows an evident lag between the two indicators. Between December 2016 and December 2017, when the ...

Hui Shan


Posted 3 days agoLink > GOMGulf Of MexicoBureau of Ocean Energy Management +7

U.S. coal plant retirements linked to plants with higher operating costs

EIA's analysis did not cover the entire fleet of coal power plants in the United States because not all plants report their variable operating and maintenance costs to the Federal Energy Regulatory Commission (FERC) on FERC's Form 1, Electric Utility Annual Report, which was used as a basis of the ...

Hui Shan


Posted 3 days agoLink > generationCoalElectricity +2

Your Weekly Update: 25 - 29 November 2019

In the November 2019 STEO, EIA increased its forecast of U.S. crude oil production in 2019 by 30,000 barrels per day (b/d) (0.2%) from the October STEO. The increases in crude oil production forecast in the November STEO were primarily driven byIn the November STEO, EIA increased its U.S. benchma ...

Hui Shan


Posted 8 days agoLink

Geopolitical Tensions Overshadow a Year of Big Discoveries

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 12 days agoLink > IranWaroil price +6

EIA increases U.S. crude oil production forecast for 2019 and 2020

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 12 days agoLink

Your Weekly Update: 18 - 22 November 2019

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 12 days agoLink

EIA increases U.S. crude oil production forecast

The U.S. Energy Information Administration (EIA) revises the U.S. crude oil production forecast it publishes in each Short-Term Energy Outlook (STEO) based mainly on two factors: updates to EIA's published historical data and EIA's crude oil price forecast. In the November 2019 STEO, EIA increase ...

Hui Shan


Posted 16 days agoLink

Short-Term Energy Outlook

[1]After an agreement was reached on the transit dispute that led to a temporary shutdown of crude oil production, the governments of Sudan and South Sudan shifted their focus from border conflicts to the mitigation of their respective domestic opposition factions. [3]In South Sudan, President Sa ...

Hui Shan


Posted 23 days agoLink > ElectricityrenewableSTEO +3

Short-Term Energy Outlook

[1]After an agreement was reached on the transit dispute that led to a temporary shutdown of crude oil production, the governments of Sudan and South Sudan shifted their focus from border conflicts to the mitigation of their respective domestic opposition factions. [3]In South Sudan, President Sa ...

Hui Shan


Posted 23 days agoLink

The U.S. placed near-record volumes of natural gas in storage this injection season

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 26 days agoLink > Storagenatural gasEIA

Your Weekly Update: 4 - 8 November 2019

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 29 days agoLink > Oiloil and gas newsOil and Gas Industry +7

SUDAN AND SOUTH SUDAN: EXECUTIVE SUMMARY

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 29 days agoLink > SudanSouth Sudanpetroleum +6

Q319 Financials: Weaker Oil Prices, Weakened Profits

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 1 month agoLink > oil priceShaleUSA +5

This Week in Petroleum

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 1 month agoLink > BrazilBrentCrude oil +11