Wednesday, 25 October 2017
Widening Brent-WTI price spread unlikely to change current trends in East Coast crude oil supply (10/25/2017)
The difference between lower U.S. domestic crude oil prices and foreign crude oil prices in the past two months is at its largest since 2015. Despite the recently widening spread, flows of domestic oil into U.S. East Coast (Petroleum Administration for Defense District (PADD) 1) refineries are not anticipated to increase unless the discount widens further. ... More »
U.S. heating oil expenditures are expected to increase this winter but remain below recent average (10/18/2017)
A combination of forecast colder temperatures and higher heating oil prices in the United States is contributing to higher expected household heating oil expenditures during the winter heating season of 2017–18 from October 1 through March 31. According to EIA’s recently released Short-Term Energy Outlook (STEO), the average household that uses heating oil is forecast to spend about $1,460 for heating bills during winter 2017–18, up $210 (17%) from last winter’s average expenditures (Figure 1). However, household heating expenditures are forecast to be almost 15% lower than the previous five-winter average for households using heating oil. Forecast average expenditures provide a broad guide to changes compared with previous winter heating seasons, although fuel expenditures for households are highly dependent on the size and efficiency of individual homes and their heating equipment, thermostat settings, and local weather conditions. ... More »
Permian Basin expected to drive fourth quarter U.S crude oil production increases (10/12/2017)
In its Short-Term Energy Outlook (STEO) update released this week, 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. ... More »
Propane supply for Midwest markets appears normal as heating season begins (10/4/2017)
The first week of October marks the start of the winter heating season. Propane inventories in the Midwest, Petroleum Administration for Defense District (PADD) 2, have increased in the past few weeks to reach levels near the five-year average (normal). However, the process and timing of inventories reaching their normal levels this year was unusual, likely because of disruptions on the Gulf Coast related to Hurricane Harvey. ... More »
Wednesday, 18 October 2017
Thursday, 12 October 2017
Permian Basin expected to drive fourth quarter U.S crude oil production increases (10/12/2017)
In its Short-Term Energy Outlook (STEO) update released this week, 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. ... More »
Wednesday, 4 October 2017
Propane supply for Midwest markets appears normal as heating season begins (10/4/2017)
The first week of October marks the start of the winter heating season. Propane inventories in the Midwest, Petroleum Administration for Defense District (PADD) 2, have increased in the past few weeks to reach levels near the five-year average (normal). However, the process and timing of inventories reaching their normal levels this year was unusual, likely because of disruptions on the Gulf Coast related to Hurricane Harvey. ... More »