Source: U.S. Energy Information Administration, Weekly Petroleum Status Report On March 1, the U.S. Department of Energy committed to releasing 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to…
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it…
Highlights Figure HL1. Crude oil and petroleum product wholesale prices Crude oil November monthly average crude oil prices mostly retreated from the long-term high levels seen in October data. The…
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2021 In our January 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2021 levels. In the fourth quarter of…
***** FOR IMMEDIATE RELEASE January 11, 2022 EIA expects annual U.S. crude oil production to surpass pre-pandemic levels in 2023 The U.S. Energy Information Administration (EIA) forecasts that U.S. oil…
Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy…
GETTY IMAGES Oil futures kicked off the week on a soft note Monday, with the U.S. benchmark edging below $80 a barrel, as traders assessed the possibility that the Biden…
Highlights Crude oil Monthly average prices for crude oil fell in all sales categories during August. The average domestic crude oil first purchase price declined $4.45 (6.3%) to $65.67 per…
LONDON, Oct 7 (Reuters) - Oil prices extended losses from the previous session on Thursday, as the United States said it was considering selling oil from its strategic reserves and…
SEPTEMBER 21, 2021 Source: U.S. Energy Information Administration, Weekly Petroleum Status Report and Working and Net Available Shell Storage Capacity Report Note: Crude oil inventories shown here are total stocks minus pipeline fill and stocks…