September 26, 2023 Data source: Kpler tanker tracking data (accessed August 2023) Kuwait‘s oil exports are shifting from crude oil to refined petroleum products following the addition of new refining capacity, according to data in […]
Data source: Bloomberg L.P. Note: The figure is based on the five-day moving average of the price spread between Dated Brent and Dubai Fateh. Crude oil production cuts among OPEC+ members are limiting the global […]
August 23, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, August 2023 In our August Short-Term Energy Outlook (STEO), we increased our forecast for U.S. crude oil production in the Lower 48 states […]
July 19, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, July 2023 Note: WTI=West Texas Intermediate We forecast higher crude oil prices in the second half of 2023 and into 2024 in our […]
May 18, 2023 Reposted to correct data errors. Data source: U.S. Energy Information Administration, Crude Oil and Natural Gas Production U.S. crude oil production grew 5.6%, or 0.6 million barrels per day (b/d), in 2022 […]
The Bryan Mound Strategic Petroleum Reserv Jan 25 (Reuters) – U.S. crude inventories rose last week as demand for fuels tapered off, and while the increase was less than expected, crude stocks reached the highest […]
January 11, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2023 In our January 2023 Short-Term Energy Outlook, we forecast the Brent crude oil price (the global benchmark) will rise from an […]
OPEC and its Russian-led allies will maintain their production quotas for now, the group said after convening briefly online Dec. 4, adopting a wait-and-see stance amid a hazy outlook for the oil market. The decision […]
Asian upstream companies are rapidly stepping up efforts to play their part in addressing the tight global crude oil supply situation as countries across the region strive to ensure supply security amid ongoing geopolitical tensions […]
Record-low differentials for heavy crudes that compete on the US Gulf Coast may not rebound until the Trans Mountain pipeline expansion enters service and diverts Canadian sour barrels away from the US and toward Canada’s […]
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