Category: Industry News
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2018 EIA Energy Conference (6/6/2018)
There is no feature article for This Week in Petroleum today. Thanks to all who attended and participated in the…
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EIA reports track U.S. oil production statistics and trends (5/31/2018)
With steadily increasing crude oil prices and rig counts over the past several months, the U.S. Energy Information Administration (EIA)…
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Rising crude oil prices are contributing to higher gasoline prices heading into Memorial Day weekend (5/23/2018)
Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up…
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Total liquid fuels inventories return to five-year average levels in the United States and the OECD (5/16/2018)
The extended period of oversupply in global petroleum markets that began before the Organization of the Petroleum Exporting Countries (OPEC)…
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EIA raises Brent crude oil price forecast by $7 per barrel in 2018 but expects prices to gradually decline through 2019 (5/9/2018)
In the May Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Brent crude oil prices will average…
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New Chinese crude oil futures contract could become Asian price benchmark (4/25/2018)
As Asia-Pacific oil demand continues to grow, some market participants believe the region needs an oil price benchmark based on…
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U.S. Gulf Coast port restrictions impose additional costs on U.S. crude oil exports (5/2/2018)
U.S. crude oil exports averaged 1.1 million barrels per day (b/d) in 2017, an increase of 527,000 b/d from 2016….
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U.S. imports of Canadian crude oil by rail increase (4/18/2018)
Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity, driving Canadian crude oil prices lower and…
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Retail gasoline prices this summer are expected to be 11% higher than in summer 2017 (4/11/2018)
The U.S. Energy Information Administration (EIA) forecasts that drivers in the United States will pay an average of $2.74 per…