This article was published by the US Energy Information Administration on August 23, 2023. By Matthew French In our August Short-Term Energy Outlook (STEO), we increased our forecast for U.S. crude oil production in the Lower 48 [Read more]
This article was published by the US Energy Information Administration on April 19, 2022. By Ornella Kaze In our Summer Fuels Outlook, a supplement to our April 2022 Short-Term Energy Outlook, we expect retail gasoline prices to [Read more]
By Hannah Bruel This article was published by the US Energy Information Administration on Mar. 16, 2020. Markets for oil, as well as other commodities and equities, have experienced significant volatility and price declines since [Read more]
By Owen Comstock This article was published by the US Energy Information Administration on Sept. 25, 2019. As of Monday, September 23, 2019, the US average retail gasoline price increased by more than 10 cents [Read more]
By Mason Hamilton, Jeff Barron, Jesse Barnett This article was published by the US Energy Information Administration on Sept. 23, 2019. On Saturday, September 14, 2019, an attack damaged the Saudi Aramco Abqaiq oil processing [Read more]
An extension to the Sunrise Pipeline adding 120,000 b/d of capacity and the repurposing of the Seminole Red Pipeline from natural gas to oil has helped boost Permian oil prices in recent months. Apache photo. [Read more]
Hedge funds continued to boost their bullish position in crude and fuels last week despite a call from U.S. President Donald Trump for OPEC to “relax and take it easy”. Anadarko photo by Mike Goldwater. [Read more]
NOPEC bills were introduced into the House of Representatives (HR 948) and the Senate (S 370) early last month, where they were referred to the respective judiciary committees for detailed consideration. Bloomberg photo. NOPEC bills [Read more]
The US Energy Information Administration forecasts that despite recent supply reductions, global liquid fuels production to outpace demand. Repsol photo. Saudi Arabia, Libya, Venezuela and Canada cut pack on liquid fuels production By Matthew French [Read more]
After a tumultuous trading day on Monday, oil prices steadied on Tuesday after OPEC sources said the cartel is likely to carry on with its supply cut agreement despite a tweet from US President Donald [Read more]
Saudi Arabai has demonstrated, once again, that it can always tighten the physical market, boost prices and push the calendar spread into backwardation – if it is prepared to cut its own production enough. Reuters [Read more]
Average US gasoline prices declined for 12 weeks in a row at the end of 2018, which marked the longest consecutive weekly drop since the 17-week decline from October 2014 through January 2015. Shell photo. [Read more] [Read more]
Overall OPEC production fell in December according to a survey by Reuters, mostly due to a 400,000 barrel per day cut made by Saudi Arabia. Iran and Libya posted involuntary production declines. Reuters file photo [Read more] [Read more]
John Kemp writes “There is little doubt the Khashoggi killing has weakened the kingdom’s international position and made it more anxious to maintain support from the White House”. Jamal Khashoggi photo via Twitter. By John [Read more]
The Alberta government is looking at a plan to purchase rail cars to help clear the oil sands backlog which has significantly driven down the cost of Alberta crude. Western Producer photo by Robin Booker. [Read more]
Saudi crude shipments are expected to be reduced in December by 500,000 barrels per day next month, according to the kingdom’s energy minister. Bloomberg photo. Saudi crude shipments cut in response to lower seasonal demand [Read more]
The Trump administration is temporarily granting eight countries permission to purchase oil from Iran. The Iran sanctions exemptions for China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey are set to last up to [Read more]
According to a report by the International Energy Agency, major oil and gas exporters will need to commit to reform and economic diversification to cope with the changing dynamics of global energy. Shutterstock photo. Higher [Read more]
The effects of the US reimposing Iran sanctions and the potential response from members of the OPEC and other countries pose significant uncertainty to the forecast. Al Jazeera photo. Trump administration re-imposed Iran sanctions in May [Read more]
NOPEC, or No Oil Producing and Exporting Cartels Act has been dormant for years as past presidents have signalled they would veto any move to pass the legislation. Anadarko photo. NOPEC could open OPEC up [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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