Read more about the article Crude oil prices increased in 2021 as global crude oil demand outpaced supply
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Crude oil prices increased in 2021 as global crude oil demand outpaced supply

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…

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High global demand, low global supply contribute to rising U.S. propane spot prices

Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv, an LSEG business Since mid-September 2020, wholesale propane prices at Mont Belvieu, Texas, the main U.S. hydrocarbon gas liquids…

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Hurricane Ida disrupted crude oil production and refining activity

Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) On Sunday, August 29, Hurricane Ida made landfall near Port Fourchon, Louisiana, as a Category 4 hurricane. As a result of the hurricane, 96% of crude oil…

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Six U.S. states accounted for over half of the primary energy produced in 2019

Source: U.S. Energy Information Administration, State Energy Data System In 2019, the top six primary energy-producing states—Texas, Pennsylvania, Wyoming, Oklahoma, West Virginia, and North Dakota—accounted for 55 quadrillion British thermal units (quads),…

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Texas’s Midland Basin accounted for 15% of U.S. crude oil production in 2020

Source: Graph by the U.S. Energy Information Administration (EIA), based on EIA’s Petroleum Supply Monthly (U.S. and Texas) and data from Enverus Inc. (Midland Basin and its formations) Texas’s Midland Basin is part…

Continue ReadingTexas’s Midland Basin accounted for 15% of U.S. crude oil production in 2020