NEWS



Industry Highlights
Mar 18, 2024
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
Mar 18, 2024
North America dropped rigs again week on week, according to Baker Hughes.
Mar 18, 2024
The EIA projects that driving activity will increase to all-time highs in the U.S. during 2024 and 2025.
Mar 18, 2024
'Brent oil prices have risen to a four-month high'.
Mar 15, 2024
Crude futures pushed through 200-day moving average and then held momentum on the week.
Today in Energy
Mar 18, 2024
U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.…
Mar 14, 2024
In 2023, the world produced an estimated 101.8 million barrels per day (b/d) of petroleum and other liquids: mostly crude oil but also lease condensate, natural gas liquids, biofuels, and other liquids from hydrocarbon sources. We expect the global petrol…
Mar 13, 2024
Over the last four winters, winter storms Uri (February 2021), Elliott (December 2022), and most recently, Heather (January 2024) interrupted weekly U.S. natural gas production by more than 15 billion cubic feet per day (Bcf/d), according to daily estimat…
Mar 12, 2024
U.S. propane exports averaged a record 1.9 million barrels per day (b/d) in December 2023, the highest since we began collecting this data in 1973 in our Monthly Energy Review. Increased exports resulted from the highest propane price spread between the U…
Mar 11, 2024
The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per da…

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