U.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase in history, the U.S. Energy Information Administration said, as refiners throttled back activity due to slumping demand as a result of the coronavirus pandemic. — Read on http://www.reuters.com/article/us-usa-oil-eia/u-s-crude-stocks-jump-by-a-record-19-million-barrels-as-refiners-cut-back-eia-idUSKCN21X280Read more "U.S. crude stocks jump by a record 19 million barrels as refiners cut back: EIA – Reuters"
Asia’s crude oil imports from the United States climbed to a record in August, but that may be as good as it gets for some time – and it’s not just the escalating trade war between Washington and Beijing to blame. — Read on http://www.reuters.com/article/column-russell-crude-usa-asia/column-asias-imports-of-u-s-crude-hit-record-but-pullback-likely-russell-idUSL3N25U1CCRead more "COLUMN-Asia’s imports of U.S. crude hit record, but pullback likely: Russell – Reuters"
U.S. natural gas and crude oil production increased last year at the fastest pace ever for a single country. — Read on http://www.bloomberg.com/news/articles/2019-06-11/u-s-oil-gas-output-surges-the-most-ever-for-a-single-countryRead more "U.S. Oil, Gas Output Surges the Most Ever for a Single Country – Bloomberg"
NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd. The EIA forecast output in 2020 will rise […]Read more "EIA raises forecast for 2019, 2020 U.S. crude output growth – Reuters"
The number of drilled but uncompleted wells in seven key oil and natural gas production regions in the United States has increased over the last two years, reaching a high of 8,504 wells in February 2019, according to well counts in EIA’s Drilling Productivity Report (DPR). The most recent count, at 8,500 wells in March […]Read more "The number of drilled but uncompleted wells in the United States continues to climb – Today in Energy – U.S. Energy Information Administration (EIA)"
Oil export terminal next to proposed Mid-Barataria Sediment Diversion gets state’s initial OK – nola.com — Read on http://www.nola.com/environment/2019/04/oil-export-terminal-next-to-proposed-mid-barataria-sediment-diversion-gets-states-initial-ok.htmlRead more "Oil export terminal next to proposed Mid-Barataria Sediment Diversion gets state’s initial OK – nola.com"
Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on http://www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/Read more "Why Chevron Bought Anadarko"
U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA) — Read on http://www.eia.gov/todayinenergy/detail.phpRead more "U.S. crude oil production grew 17% in 2018, surpassing the previous record in 1970 – Today in Energy – U.S. Energy Information Administration (EIA)"
Jupiter Energy extended an open season until May 31 on a crude oil pipeline from the Permian to the Port of Brownsville. It is expected to be operational in fourth quarter of 2020. — Read on pgjonline.com/news/2019/02-feb/jupiter-extends-open-season-for-crude-pipeline-from-permian-to-gulfRead more "Jupiter Extends Open Season for Crude Pipeline from Permian to Gulf | Pipeline & Gas Journal"
NEW YORK (Reuters) – U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy Information Administration said in a monthly forecast on Tuesday. U.S. oil production this year is forecast to be at a […]Read more "U.S. oil output to hit new record above 13 million bpd in 2020: EIA | Reuters"