Data source: U.S. Energy Information Administration, Permian Basin: Part IINote: See full-size images, starting from top left: 1, 2, 3, 4, 5, 6 We have updated our maps and geologic information for the Spraberry formation in the Midland Basin,…
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update On March 21, the U.S. regular retail gasoline price across all formulations (conventional and reformulated) averaged $4.24 per gallon (gal), and the…
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…
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…
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…
Financial results for 47 U.S. exploration and production (E&P) companies show limited growth in capital expenditure during the third quarter of 2021 (3Q21), despite more cash from operations. Oil prices…
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…
(ETH Zurich ) ENGINEERS SAY THEY HAVE FOUND A NEW WAY TO CREATE FUEL ‘OUT OF THIN AIR’ Andrew Griffin 19 hours ago 38 comments Scientists say they have created a…
Source: U.S. Energy Information Administration, International Energy Outlook 2021 Reference case In our International Energy Outlook 2021, we estimate the global light-duty vehicle (LDV) fleet contained 1.31 billion vehicles in 2020, and we project…