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US Tenth District energy activity showed moderate growth in first quarter

Apr 13, 2018

The Federal Reserve Bank of Kansas City’s first-quarter energy survey showed moderately accelerated growth in energy activity in the Tenth District.

IEA: OECD stocks will possibly fall below 5-year average soon

Apr 13, 2018

With crude oil markets expected to tighten, commercial stocks of the Organization for Economic Cooperation and Development (OECD) will possibly have reached or even fallen below the 5-year average …

Trump would support 15% year-round ethanol blend in US gasoline

Apr 13, 2018

US President Donald Trump called for raising the ethanol blend limit in gasoline sold in the US to 15% year-round.

MARKET WATCH: NYMEX crude up, Brent down in mixed markets

Apr 13, 2018

Brent crude oil for June delivery briefly fell slightly on Apr. 12 but remained just above $72/bbl in London while US light, sweet crude oil reached above $67/bbl on the New York market.

MARKET WATCH: Brent, NYMEX crude oil prices hover at 2014 levels

Apr 12, 2018

Brent crude oil for June delivery briefly reached above $73/bbl on Apr. 11 before dropping to settle just above $72/bbl on the London market while US light, sweet crude oil reached above $67/bbl be…

Barclays: US onshore upstream budgets up 9% in 2018

Apr 11, 2018

Preliminary upstream budgets from the top 40 US onshore producers show a 9% rise this year, according to an updated Barclays’ E&P spending survey. This is well below Barclays’ previous estimate…

EIA: Global trade slowdown presents downside risks to oil consumption

Apr 11, 2018

Global oil consumption will rise by 1.8 million b/d in both 2018 and 2019, according to the US Energy Information Administration’s latest Short-Term Energy Outlook. And although the forecast was re…

Maritime oil crime is pervasive, requires more attention, forum told

Apr 11, 2018

Stopping crude oil and product thefts may not seem to be a high priority in fighting global maritime crime, but they need to be addressed more aggressively because they can finance narcotic smuggli…

IHS Markit: Canada could supply one third of USGC heavy oil market by 2020

Apr 11, 2018

Supplies of Canadian oil sands heavy crude are increasingly being refined on the US Gulf Coast (USGC) and could top 1.2 million b/d—a full one third of the region’s heavy oil refining market—by 202…

EIA: US crude stockpiles increase 3.3 million bbl

Apr 11, 2018

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 3.3 million bbl for the week ended Apr. 6, according to US Energy Information Administration data.

 

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