Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2024 We forecast average annual crude oil prices in 2024 and 2025 will remain near their 2023 average because we expect that global supply and […]
Weekly Crude Oil Storage as of November 10, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.6 million barrels from the previous week. […]
Weekly Crude Oil Storage as of October 27, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. […]
October 23, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) effectively lifted most U.S. sanctions on Venezuela’s energy sector on […]
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 […]
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