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oil/petroleum

US oil producers
News

2018 likely most profitable year for US oil producers since 2013

May 13, 2019 Energi Staff

By Jeff Barron This article was published by the United States Energy Information Administration on May 10, 2019. Net income for 43 US oil producers totalled $28 billion in 2018, a five-year high. Based on [Read more]

proved reserves
News

Global proved oil reserves in 2017: US adds just under 50%, Canada adds less than 6%

June 25, 2018 Energi Staff 2

US added just under 50% of new reserves, Canada added less than 6% In 2017, a group of the world’s largest publicly traded oil and natural gas producers added more hydrocarbons to their resource base [Read more]

brent
News

EIA expects Brent crude oil prices to average $71 in 2018, $68 in 2019

June 15, 2018 Energi Staff 2

EIA expects OPEC crude oil production will average 32.0 million b/d in 2018, a decrease of about 0.4 million b/d from  2017 In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude [Read more]

USA

Developing Alaska’s wildlife refuge would increase US crude oil production after 2030

June 15, 2018 Energi Staff 2

Almost 80% of oil produced in Alaska in 2017 was refined in Washington and California In Dec. 2017, the passage of Public Law 115-97 required the U.S. Secretary of the Interior to establish and administer a competitive [Read more]

USA

US electric power sector consumption of fossil fuels at lowest level since 1994

May 30, 2018 Energi Staff 2

CO2 emissions from coal were more than double those from natural gas in 2017 Fossil fuels consumption in the electric power sector declined to 22.5 quadrillion British thermal units (quads) in 2017, the lowest level [Read more]

energy importer
USA

The United States is a net energy importer from Canada

May 23, 2018 Energi Staff 2

Significant volumes of gasoline flow from refineries in Eastern Canada to serve markets in Northeast US Canada is the largest energy trading partner of the United States, based on the combined value of energy exports [Read more]

USA

United States remains world’s top producer of petroleum and natural gas hydrocarbons

May 21, 2018 Energi Staff 2

Russian and Saudi natural gas production expanded significantly in 2017, at 8% and 6% year-on-year growth The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record [Read more]

asia
USA

Most of America’s propane exports headed to Asia

May 14, 2018 Energi Staff 2

Half of US propane production is from the Gulf Coast In 2017, the United States exported 905,000 barrels per day (b/d) of propane, with the largest volumes going to supply petrochemical feedstock demand in Asian [Read more]

EIA
USA

EIA raises crude oil, US gasoline price forecasts for 2018

May 10, 2018 Energi Staff 2

Greater GDP growth has potential to increase oil consumption beyond forecasted levels, putting upward pressure on crude oil prices EIA’s May Short-Term Energy Outlook (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) [Read more]

canadian crude
Canada

US imports of Canadian crude oil by rail increase, set record of 203,000 b/d in Dec.

May 2, 2018 Energi Staff 2

Of the 132,000 b/d of Canadian crude oil imported by rail in 2017, over half went to U.S. Gulf Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past [Read more]

crude oil production
USA

US crude oil production efficiency continues to improve

May 1, 2018 Energi Staff 2

As rig counts recover from decreases during 2015 and 2016, producers have increasingly targeted Permian Basin in West Texas US tight crude oil production increased in 2017, accounting for 54% of total U.S. crude oil [Read more]

summer gasoline
USA

US summer gasoline prices expected to be highest in 4 years

April 12, 2018 Energi Staff 2

Gulf Coast gasoline prices among lowest in country because the region generally has low state tax rates and abundant gasoline supplies The US Energy Information Administration forecasts that drivers in the United States will pay [Read more]

oil production
USA

US Gulf of Mexico crude oil production to continue at record highs through 2019

April 11, 2018 Energi Staff 2

Declining profit margins, reduced expectations for quick price recovery prompted many GOM operators to reduce deepwater exploration spending in 2015, 2016 U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in [Read more]

USA

US crude oil production growth will be led by light, sweet crude oil

April 9, 2018 Energi Staff 2

Permian Basin spans 53 million acres across western Texas and southeastern New Mexico Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 [Read more]

fossil fuels
USA

About 7% of fossil fuels consumed for non-combustion use in the United States

April 6, 2018 Energi Staff 2

In 2017, about 13% of total petroleum products consumed were for non-combustion use While most fossil fuels in the United States are burned, or combusted, to produce heat and power, EIA estimates that the equivalent [Read more]

markets
USA

US production of crude oil grew 5% in 2017, likely leading to record 2018 production

April 4, 2018 Energi Staff 2

Production levels in Colorado, Oklahoma, North Dakota each grew by more than 30,000 b/d from 2016 to 2017 Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase [Read more]

USA

Is Texas crude oil production 3 million b/d or 4 million b/d?

March 26, 2018 Energi Staff 2

 Texas Railroad Commission values show production at 2.99 million b/d in that same month Crude oil and lease condensate production data for Texas, published by EIA in its Petroleum Supply Monthly (PSM) and by the Texas Railroad Commission (TRRC), [Read more]

electricity generation
USA

US electricity generation from fossil fuels declined in 2017 as renewable generation rose

March 20, 2018 Energi Staff 2

Wind made up 6.3% of total new generation and utility-scale solar made up 1.3%, both records Total U.S. net electricity generation fell slightly (down 1.5%) in 2017, reflecting lower electricity demand, according to the U.S. [Read more]

crude oil exports
USA

US crude oil exports rose in 2017, reached more destinations

March 15, 2018 Energi Staff 2

Increasing US crude oil production and expansions of pipeline capacity and export infrastructure facilitated increased exports U.S. crude oil exports grew to an average of 1.1 million barrels per day (b/d) in 2017, the second [Read more]

technologies
USA

Value of US energy exports to Mexico exceeded import value for 3rd year in a row

March 14, 2018 Energi Staff 2

In 2017, petroleum product exports to Mexico rose in both amount and value In each of the past three years, the value of U.S. energy exports to Mexico has exceeded the value of U.S. energy [Read more]

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In the Spotlight

Notley ignores energy and loses election again. Time for a new NDP leader

by Markham Hislop in Markham on Energy

Rachel Notley is not the person to craft or deliver a new energy vision for Alberta. She has proven that repeatedly over past 4 years How do you hope to be premier of Canada’s energy [Read more]

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Latest News
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News: editor@energi.media

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