U.S. crude oil exports reached a record 3.99 million barrels per day (b/d) during the first six months of 2023, up 650,000 b/d compared to the same period in 2022, according to an Oct. 10 report issued by the U.S. Energy Information Administration. U.S. crude oil exports during the period were at their highest levels…...
Medium, sour and heavy, sour grades of crude oil prices have increased on the back of crude oil production cuts among OPEC+ producers, according to a Sept. 25 report by the U.S. Energy Information Administration. OPEC+ members in June 2023, stated they would persist with crude oil production reductions through 2024, curbing crude oil supplies,…...
China imported record volumes of crude oil during the first six months of 2023, according to an Sep.18 report from the U.S. Energy Information Administration. During the first half of 2023, China imported an average of 11.4 million barrels of crude oil per day, a 12 percent increase compared to the same period last year. …...
The Bureau of Ocean Energy Management will hold Gulf of Mexico oil and gas Lease Sale 261 on Sept. 27, 2023, according to a notice issued on Aug. 25. The sale will offer about 12,395 blocks on about 67 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas…...
The value of energy transacted between the U.S. and Canada reached a record high in 2022, exceeding the previous record high in 2008, according to an Aug. 14 report from the U.S. Energy Information Administration. The increase in the value during 2022, can be attributed to high energy commodity prices. Trade value consists of both…...
Data collected by the U.S. Energy Information Administration shows that during the first quarter of 2023 capital expenditure for 40 publicly traded U.S. oil exploration and production companies increased compared to the fourth quarter of 2022. The data also shows that cash from operations declined during the first quarter of 2023, compared to the previous…...
Low-carbon fuel programs are gaining prominence as an important avenue to help decarbonize the transportation sector, which accounts for a third of U.S. greenhouse gas emissions. Recent actions range from biofuel mandates…Read the full report …...
Low-carbon fuel programs are gaining prominence as an important avenue to help decarbonize the transportation sector, which accounts for a third of U.S. greenhouse gas emissions. Recent actions range from biofuel mandates under the federal Renewable Fuel Standard (RFS) program to legislative proposals across half a dozen states to establish clean fuel standards.