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Category: crude oil

U.S. Gulf of Mexico Crude Oil Manufacturing to Proceed at Document Highs By way of 2019

U.S. crude oil manufacturing within the Federal Gulf of Mexico (GOM) elevated barely in 2017, reaching 1.65 million b/d, the very best annual degree on file. Though briefly hindered by platform outages and pipeline points in December 2017, oil manufacturing Read More

U.S. Manufacturing of Crude Oil Grew 5% in 2017, Seemingly Resulting in Document 2018 Manufacturing

Annual common U.S. crude oil manufacturing reached 9.three million barrels per day (b/d) in 2017, a rise of 464,000 b/d from 2016 ranges after declining by 551,000 b/d in 2016. In November 2017, month-to-month U.S. crude oil manufacturing reached 10.07 Read More

EIA’s Estimates for Texas Crude Oil Manufacturing Account for Incomplete State Knowledge

Crude oil and lease condensate manufacturing knowledge for Texas, revealed by EIA in its Petroleum Provide Month-to-month (PSM) and by the Texas Railroad Fee (TRRC), replicate variations within the remedy of incomplete and lagged knowledge. Knowledge revealed by state companies are sometimes incomplete when Read More

S&P 500 Implied Volatility Briefly Surpassed That of Crude Oil in February

Supply: Chicago Board of Choices Alternate, compiled by Bloomberg, L.P. For 4 consecutive days in early February, inventory market implied volatility surpassed crude oil value volatility for the primary time since 2008. The VIX, a measure of implied volatility, or the market’s anticipated Read More

U.S. Crude Oil Exports Elevated and Reached Extra Locations in 2017

Supply: U.S. Vitality Data Administration, Petroleum Provide Annual, Petroleum Provide Month-to-month U.S. crude oil exports grew to a mean of 1.1 million barrels per day (b/d) in 2017, the second full 12 months since restrictions on crude oil exports have been eliminated. Crude oil Read More

Latest Laws Mandates Further Gross sales of U.S. Strategic Petroleum Reserve Crude Oil

Latest Laws Mandates Further Gross sales of U.S. Strategic Petroleum Reserve Crude Oil – The Power Collective This website makes use of cookies, for a variety of causes. By persevering with to make use of this web site you settle Read More

Is This The Starting Of A Downturn In Oil?

Oil simply posted its worst week in additional than two years — WTI misplaced 9.5 p.c and Brent misplaced eight.5 p.c. The final time the 2 oil benchmarks fell by that a lot in a single week was early 2016 Read More

China Surpassed america because the World’s Largest Crude Oil Importer in 2017

China surpassed america in annual gross crude oil imports in 2017, importing eight.four million barrels per day (b/d) in contrast with 7.9 million b/d for america. China had grow to be the world’s largest internet importer (imports minus exports) of complete petroleum Read More

U.S. Month-to-month Crude Oil Manufacturing Exceeds 10 Million Barrels Per Day, Highest Since 1970

U.S. Month-to-month Crude Oil Manufacturing Exceeds 10 Million Barrels Per Day, Highest Since 1970 – The Power Collective This web site makes use of cookies, for numerous causes. By persevering with to make use of this web site you settle Read More

U.S. Crude Oil Exports Elevated Following Hurricane-Associated Refinery Disruptions

From late August by means of September 2017, Hurricane Harvey prompted disruptions to the U.S. Gulf Coast refining sector, leading to record-high U.S. crude oil exports when export services reopened after the storm and earlier than many refineries returned to pre-storm ranges Read More