Short-Term Energy Outlook
Forecast Highlights Global Liquid Fuels North Sea Brent crude oil spot prices averaged $65 per barrel (b) in February, a decrease of $4/b from the January level and the first Continue Reading
IEA Does Not Believe Steel Tariffs Will Affect Global Oil Trade
“I think the impact on the global oil markets will be limited if any,” Executive Director Fatih Birol told CNBC during the ongoing CERA Week conference in Houston. “We may Continue Reading
ExxonMobil sees hydrocarbons production growth of 1 million b/d by 2025
ExxonMobil expects to increase hydrocarbons production by more than 1 million b/d of oil equivalent by 2025, from 3.985 million boe/d in 2017, as output from the Permian Basin grows Continue Reading
ESTIMATING TEXAS PRODUCTION-BRIDGING THE GAP
) The Texas Railroad Commission (RRC) had the oil and gas production reported online in early 2005, and became fully online for producers and the public on Feb 14, 2005. Continue Reading
US Refinery Workers Head To Washington To Urge Biofuels Reform
A delegation of workers from U.S. oil refining companies that oppose the nation’s biofuels policy converged on Washington on Wednesday to lobby lawmakers to find a way to lessen the Continue Reading
EROEI: A Useful Measure Or A Distraction?
EROEI = Usable Acquired Energy / Energy Expended It seems so simple. If the amount of energy produced relative to the amount of energy utilized in producing that energy tends Continue Reading
44 Things You Didn’t Know About Oil
Whenever you see a headline like this, you know it will go along the lines of “did you know that petroleum stands for rock oil?” Yes you did, goes the Continue Reading
U.S. Oil Export Boom Boosts Pipeline Demand
Most of the new supply will come in the form of light sweet and ultra-light oil. But because refineries along the Gulf Coast are largely equipped to handle medium and Continue Reading
The Only Oil Major Not Buying Into The Permian
The Permian has been attracting independent U.S. drillers and oil majors who want to capitalize on short-cycle returns in the world’s hottest shale play, but one of the world’s supermajors Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending March 2, 2018 U.S. crude oil refinery inputs averaged over 15.9 million barrels per day during the week ending March 2, Continue Reading