Thursday, 12 November 2020

U.S. crude oil production forecast to decline until mid-2021 before returning to current levels (11/12/2020)

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In the U.S. Energy Information Administration’s (EIA) November Short-Term Energy Outlook (STEO), U.S. crude oil production generally decline...
Wednesday, 4 November 2020

U.S. refinery runs remain lower than the five-year average in most regions (11/4/2020)

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Gross inputs to U.S. refineries, also referred to as refinery runs, have been lower than the five-year (2015-19) average since April, when r...
Wednesday, 28 October 2020

EIA forecasts OPEC net oil export revenues in 2020 to be the lowest in 17 years (10/28/2020)

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The U.S. Energy Information Administration (EIA) expects that members of the Organization of the Petroleum Exporting Countries (OPEC) will e...
Wednesday, 21 October 2020

Crude oil tanker rates likely to remain low until petroleum demand increases (10/21/2020)

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In March and April 2020, the reduced demand for crude oil and petroleum products because of responses to COVID-19 led to a sharp increase in...
Thursday, 15 October 2020

EIA expects current, record-high U.S. distillate inventories to fall gradually through the winter heating season (10/15/2020)

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U.S. distillate fuel oil inventories remained high through summer 2020 as a result of production outpacing demand, which continues to be aff...
Wednesday, 7 October 2020

Global crack spreads remain low amid slow oil demand recovery and high stocks (10/7/2020)

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In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) estimates that third-quarter 2020 global li...