In Chemical Industry On January 21, 2022
OPEC production will grow in 2022 despite recent unplanned oil production outages in Libya We estimate approximately 0.4 million barrels per day (b/d) of crude oil production went offline
In Chemical Industry On January 13, 2022
EIA forecasts crude oil prices will decline through 2023 Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which
In Chemical Industry On January 6, 2022
This Week in Petroleum 20th Anniversary This week marks 20 years since This Week in Petroleum (TWIP) was first published. TWIP was created to add analysis and context to
In Chemical Industry On December 30, 2021
Happy Holidays On behalf of the authors, support staff, and the many others at EIA who make This Week in Petroleum possible, best wishes for a safe and happy
In Chemical Industry On December 23, 2021
This Week in Petroleum: Best of 2021 Today’s This Week in Petroleum articles were originally published throughout 2021. New feature articles of This Week in Petroleum will return on
In Chemical Industry On December 16, 2021
Capital expenditure by U.S. oil companies remains low despite higher crude oil prices Financial results for 47 U.S. exploration and production (E&P) companies show limited growth in capital expenditure
In Chemical Industry On December 9, 2021
EIA lowers crude oil price forecast Over the week starting November 24 and ending December 1, crude oil spot prices fell in response to expectations that the Omicron variant
In Chemical Industry On December 2, 2021
Low inventories and higher demand contribute to jet fuel crack spread increase After peaking this summer at levels well above the seasonal average, U.S. jet fuel inventories fell back
In Chemical Industry On November 25, 2021
With rising demand, U.S. average gasoline prices this Thanksgiving are the highest since 2012 The average U.S. regular retail gasoline price across all formulations (conventional and reformulated) on the
In Chemical Industry On November 17, 2021
Increased OPEC production and global natural gas prices are likely widening crude oil price spreads In recent months, the prices of crude oils with high levels of sulfur have
