Shale Boom Boosts Gas Flaring In 2018: World Bank
Rising shale oil production in the United States that drove gas flaring up 48 percent in 2018 also pushed up the global total by 3 percent to 145 billion cubic Continue Reading
The $200 Billion Push In Offshore Oil & Gas
As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new Continue Reading
U.S. crude stockpiles rise unexpectedly for second week: EIA
U.S. crude oil stockpiles rose unexpectedly for a second straight week, despite the highest refining rates in six months and lower imports and production, the Energy Information Administration said on Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending June 7, 2019 U.S. crude oil refinery inputs averaged 17.1 million barrels per day during the week ending June 7, 2019, Continue Reading
EIA: Oil price forecast lower for 2019 on demand concerns
Brent crude oil spot prices are expected to average $67/bbl this year, which is $3/bbl lower than forecast last month in the US Energy Information Administration’s Short-Term Energy Outlook. In this Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $71 per barrel (b) in May, largely unchanged from April 2019 and almost $6/b lower than the price in Continue Reading
U.S. oil output to rise less in 2019 than previously expected: EIA
U.S. crude oil production will rise 1.36 million barrels per day to 12.32 million bpd in 2019, 140,000 bpd less than previously forecast, according to a monthly Energy Department report Continue Reading
U.S. Oil, Gas Hit Record Production Levels in 2018
The shale revolution powered U.S. oil and gas production in 2018 to the largest annual increases ever recorded by any country, according to energy giant BP PLC. Surging global energy Continue Reading
US 2018 Oil, Gas Output Surges Outpaced All Countries
U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country. (Bloomberg) — U.S. natural gas and crude oil production increased last Continue Reading
Analysts split on whether US crude stocks will continue to build
Analysts were split Monday whether this week’s US Energy Information Administration data would show a draw in crude inventories for the week ending June 7. While refinery runs are expected Continue Reading