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© 2017 RtChex

March 13, 2019

Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year. EIA forecasts Brent spot prices will average $63/b in 2019 and $62/b in 2020, compared with an average of $71/b in 2018....

October 10, 2018

As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. The average API gravity...

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Principal contributors: Emily Geary, Kyra White, Ashleigh Meade

September 13, 2018

The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy...

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Principal contributors: Candace Dunn, Tim Hess

April 4, 2018

Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016....

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Principal contributors: Jeff Barron, Emily Geary

February 1, 2018

U.S. crude oil production reached 10.038 million barrels per day (b/d) in November 2017, according to EIA’s latest Petroleum Supply Monthly. November’s production...

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Principal contributors: Jack Perrin, Emily Geary

January 11, 2018

EIA’s January Short-Term Energy Outlook forecasts Brent crude oil to average $60 per barrel (b) in 2018 and $61/b in 2019, slightly higher than the $54/b average in 2017. In both 2018 and 2019, EIA expects total global crude oil production to be slightly greater than g...

January 3, 2018

Crude oil prices ended 2017 at $60/barrel (b), the highest end-of-year price since 2013...

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Principal contributor: Matt French

November 28, 2017

In North Dakota’s Bakken region, the ratio of natural gas production relative to crude oil, known as the gas-oil ratio, has been gradually increasing since 2008 and has increased at a faster rate since 2014....

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Principal contributors:...

October 17, 2017

EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. ...

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Principal contributors: Meg Coleman, Danya Mural...

September 21, 2017

Growth in global liquid fuels supply since March 2017 has been driven by increases in the production of historically higher-priced light crude oils. This growth...

Principle Contributors: Corrina Ricker, Jeffrey Barron, Mason Hamilton

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Featured Posts

U.S. crude oil production and lease condensate reached another milestone in April 2019, totaling 12.2 million barrels per day (b/d), according to EIA’...

U.S. crude oil production surpassed 12 million barrels per day in April

July 8, 2019

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