energy

Release date: July 26, 2017  |  Next release date: August 2, 2017 Maritime chokepoints are critical to global energy security The U.S. Energy Information Administration (EIA) has released its 2017 World Oil Transit Chokepoints report highlighting chokepoints that are part of major trade routes for global seaborne oil transportation (Figure 1). Chokepoints are narrow channels along widely used global […]Read More

Release date: July 19, 2017  |  Next release date: July 26, 2017 U.S. crude oil production forecast to average 9.9 million barrels per day in 2018 EIA forecasts that total U.S. crude oil production will average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, crude oil production is expected to reach […]Read More

Release date: July 12, 2017  |  Next release date: July 19, 2017 U.S. oil producers paying off debt, but higher costs restrict cash flow growth EIA’s review of first-quarter 2017 financial results for 54 publicly traded U.S. oil and gas producers indicates that these companies, in aggregate, are paying off debt while funding investment through the sale of assets […]Read More

Release date: July 6, 2017  |  Next release date: July 12, 2017 U.S. refinery capacity at the start of 2017 is 1.6% above its year-earlier level As of January 1, 2017, U.S. operable atmospheric crude distillation capacity reached 18.6 million barrels per calendar day (b/cd), 1.6% higher than at the beginning of 2016 according to EIA’s recently released annual […]Read More

Release date: June 28, 2017  |  Next release date: July 6, 2017 2017 EIA Energy Conference There is no feature article for This Week in Petroleum today. Thanks to all who attended and participated in the 2017 EIA Energy Conference. The conference presentations are now available. U.S. average regular gasoline and diesel retail prices fall The U.S. average regular […]Read More

Release date: June 21, 2017  |  Next release date: June 28, 2017 U.S. exports of crude oil and petroleum products rising, but trends vary across products U.S. total crude oil and petroleum product exports more than doubled from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016. While exports of distillate, gasoline, propane, and […]Read More

Release date: June 14, 2017  |  Next release date: June 21, 2017 Growing octane needs widen the price spread between premium and regular gasoline In late 2016, the difference between U.S. average retail prices for premium and regular gasoline reached 50 cents per gallon. This price spread has been generally expanding since 2000, and the rate at which the […]Read More

Release date: June 7, 2017  |  Next release date: June 14, 2017 Markets expected to tighten in the third quarter of 2017, then loosen through 2018 World production of crude and liquids has been revised slightly downward from EIA’s May Short-Term Energy Outlook (STEO) for both 2017 and 2018. The Organization of the Petroleum Exporting Countries (OPEC) met on […]Read More

Release date: June 1, 2017  |  Next release date: June 7, 2017 Oil companies’ proved reserves decline for second consecutive year as finding costs remain near historical average Information in the 2016 annual reports of 68 publicly-traded oil companies indicates that their aggregate proved reserves declined in 2016 for the second consecutive year. In addition, reported finding costs—which are […]Read More

Release date: May 24, 2017  |  Next release date: June 1, 2017 Stable crude prices, weaker demand, and high inventories moderate gasoline prices heading into Memorial Day Gasoline prices heading into the 2017 Memorial Day weekend average $2.40 per gallon (gal) nationally, up from last year’s price of $2.30/gal before the holiday weekend. Despite the year-over-year increase, 2017 marks […]Read More

Release date: May 17, 2017  |  Next release date: May 24, 2017 Indian liquid fuels consumption declined in the first quarter of 2017 but is beginning to recover India is a major contributor to the growth in global liquid fuels consumption. Total liquid fuels consumption in India grew 8% in 2016, the largest increase since 2009, to an estimated […]Read More

Release date: May 10, 2017  |  Next release date: May 17, 2017 Fuel economy improvements projected to reduce future gasoline use despite recent changes in vehicle sales mix Gasoline demand is a function of the fuel economy of the vehicle fleet and the total number of miles driven. Over time, fuel economy of the vehicle stock (those in use) […]Read More