A year in review – Oil benchmarks trail at the end of 2018
Brent crude oil averaged $72 per barrel (b) in 2018, and West Texas Intermediate (WTI) averaged $65/b in 2018.
energy information administration
US oil firms’ proven reserves fall two years in a row
US oil companies’ proven reserves fell in 2016, the second consecutive year of decline, the Energy Information Administration (EIA) said.
Imports drive up US crude inventories
A jump in imports was the main driver behind an increase in US crude inventories last week, according to the country’s Energy Information Administration (EIA).
US natural gas production to come from shale and tight oil plays
The growth in total US dry natural gas production will come from the increased development of shale gas and tight oil plays, according the the country's Energy Information Administration.
US petrol prices hit seven year low as Memorial Day arrives
The US average retail price for gasoline dipped to $2.30 per gallon - the lowest average price since 2009.
Strong El Niño helps reduce US heating demand and fuel prices
Above-normal temperatures during the 2015-16 winter were a key factor in lowering heating demand and winter fuel expenditures.
Production of hydrocarbon gas liquids expected to increase
US production of hydrocarbon gas liquids (HGL) is expected to increase from 3.86 million barrels per day in 2015 to 4.33 million b/d in 2017, according to the US Energy Information Administration's Short-Term Energy Outlook (STEO).
US power generators retain huge appetite for coal
US electric power generators consumed 740 million tons of coal in 2015, fuelling about one-third of total electric power generation and accounting for 92% of all coal consumed in the country, according to a report from the Energy Information Administration.
US oil production in Gulf of Mexico to reach record high in 2017
Oil production in the US Gulf of Mexico is projected to reach a record high in 2017, even as oil prices remain low.
US wholesale electricity prices drop by a third
US wholesale electricity prices at major trading hubs on a monthly average basis for on-peak hours were down 27%-37% across the nation in 2015 compared with 2014, according to the country's Energy Information Administration.
US coal production at lowest level in 30 years
US coal production in 2015 is expected to be about 900 million tons (MMst), 10% lower than in 2014 and the lowest level since 1986.
US natural gas prices hit 16-year low
US natural gas spot prices in 2015 hit the lowest annual average level since 1999, according the country's Energy Information Administration.
US oil and natural gas reserves increase in 2014
US oil and natural gas reserves have increased to the highest level in more than 40 years according to new data released by the country's Energy Information Administration today.
Kazakhstan becomes top uranium supplier to US nuclear reactors
Kazakhstan became the leading supplier of uranium for the 100 operating US nuclear power reactors in 2014, according to US Energy Information Administration.
Gas-guzzling US drivers shock even analysts as refiners profit
Oil supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in gasoline? It’s all going up in smoke.