Tag: crude oil

August 2, 2018

Oil markets don’t need more uncertainty right now. There’s plenty of concern already about crude oil supply disruptions to make the market skittish. But looming regulations mandating the use of marine low-sulfur diesel fuel in global shipping are a coming […]

June 27, 2018

Although oil prices have been all the talk, given last week’s OPEC+ decision to add 1 million b/d of new supply, let’s hit on oil’s most important product: gasoline, where prices have been falling from their four-year highs. Crude oil […]

May 29, 2018

Record crude oil volumes exported from the United States will be heading to Asia in the next couple of months to take another piece of the market away from Russia and producers in the Organization of the Petroleum Exporting Countries […]

May 17, 2018

An anomaly is taking shape in the oil market — one that suggests the sheer force behind the recent rally. Paul Hickey, who runs independent research firm Bespoke Investment Group, says WTI crude is surging in an atmosphere that isn’t […]

May 2, 2018

With the geopolitical risk factor firmly reinstalled into the market, oil prices have risen to four-year highs. Gasoline prices are up nearly 20% in the past year! This is noteworthy because U.S. oil (and gas) production has been soaring to […]

April 2, 2018

Oil prices rose on Monday, lifted by a drop in drilling activity in the United States as well as by expectations that Washington could re-introduce sanctions against Iran. U.S. WTI crude futures were at $65.20 barrel at 0657 GMT, up […]

November 1, 2017

OPEC must tackle several unknowns ahead of its upcoming meeting if the oil market’s “positive glow” is to be sustained, Stephen Brennock, oil analyst at PVM Oil Associates, said Wednesday. The Organization of the Petroleum Exporting Countries is scheduled to […]

October 20, 2017

Port Arthur, Texas, a crucial hub of the worldwide energy industry, is struggling to recover from the effects of Hurricane Harvey. The city of 55,000, also known as Energy City, is responsible for 6.3% of American oil refining through several […]

October 4, 2017

CALGARY, Oct. 4, 2017 /PRNewswire/ – Responding to the need for more vigilant action on mitigating carbon emissions, the ARC Energy Research Institute (“ARC”) has released “Crude Oil Investing in a Carbon Constrained World: 2017 Update.” The report provides investors, […]

April 12, 2017

Gross US crude oil imports in 2016 rose to an average of 7.9 million b/d, 514,000 b/d more than the 2015 average, according to the US Energy Information Administration. Net crude oil imports increased by a smaller amount (460,000 b/d), […]

April 5, 2017

Some thoughts on the domestic oil and gas situation as we move into April… The rigs just keep on coming…:  The industry activated more than 70 additional drilling rigs during the month of March, bringing the total new rigs activated […]

January 13, 2017

The U.S. Energy Information Administration’s January Short-Term Energy Outlook (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their levels during the […]

January 12, 2017

Oil prices were steady early on Thursday after U.S. crude and refined product stocks sent mixed messages to the market, with ongoing uncertainty over OPEC compliance with planned output reductions also in focus. U.S. West Texas Intermediate (WTI) crude oil […]

November 17, 2016

Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks. Crude inventories in the United States rose by 5.3 million barrels in the week to Nov. 11, compared with expectations for an […]

November 16, 2016

The market prices in the future, and in the future they see higher interest rates in the advanced economies, even higher ones in the U.S., and a strong dollar. A strong dollar is usually a sign that oil prices will […]

October 27, 2016

Short positions in West Texas Intermediate (WTI) crude oil futures contracts held by producers or merchants totaled more than 540,000 contracts as of October 11, 2016, the most since 2007, according to data from the U.S. Commodity Futures Trading Commission […]

August 22, 2016

API and the Association of Oil Pipe Lines (AOPL) have recently released a report, confirming that pipelines continue to be one of the safest ways of efficiently transporting energy across the US. The report highlights liquid pipeline safety performance and […]

July 27, 2016

Coal prices in 2016 have regained their footing above the psychological threshold of $50, leaving the oil industry wondering when crude prices will return to form. Both thermal coal and crude oil prices plunged to more than 10-year lows earlier […]

June 23, 2016

Weekly U.S. commercial crude oil inventories have increased by more than 71 million barrels (15%) since the end of September, pushing crude oil storage capacity utilization to a near record high of 73% for the week ending June 10. The […]

June 6, 2016

Although pipelines, tankers, and barges are widely used to transport liquid fuels to, from, and within the United States, several types of liquid fuels, including crude oil, ethanol, and biodiesel, are transported by rail in large volumes. EIA recently expanded […]