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Commodities

Oil prices fell as industry data showed a larger-than-expected increase in U.S. inventories. Read more

Commodities

The movement of natural gas has increased as natural gas spot prices have declined in the Northeast and as production in Appalachia has continued to grow. Read more

Commodities

Oil product tanker is proceeding through Suez Canal.

Anatoly_Menzhiliy

The incident is the latest involving oil tankers in the Red Sea and Gulf area. Read more

Health, Safety & Environmental

Gasoline prices in California are now $1.45/gal more than the U.S. average and $0.45/gal more than the West Coast average. Read more

Commodities

Secondary sources said Saudi Arabia’s oil production was even lower, falling month-on-month in September by 1.28 million bpd to 8.56 million bpd. Read more

Commodities

This hurricane-related decrease was the largest decline in monthly crude oil production in more than a decade. Read more

Drilling & Exploration

Most of this growth comes from countries that are not in the Organization for Economic Cooperation and Development (OECD), and this growth is focused in regions where strong economic growth is driving demand, particularly in Asia. Read more

Commodities

Saudi Aramco

Reuters

The company adjusted deliveries and shipments to customers by drawing on inventories and offering additional crude production from other fields. Read more

Plant Management & Operations

On Saturday, September 14, 2019, an attack damaged the Saudi Aramco Abqaiq oil processing facility and the Khurais oil field in eastern Saudi Arabia. Read more

Commodities

Lee College Economic Alliance event in Pasadena 2017

©Kim Christensen

The second half of 2019 and most of 2020 will be robust but volatile for Texas oil and gas producers Read more

Regulations

The style of attack used against oil plants in Saudi Arabia that knocked out half of the country’s production on Saturday is unlikely to be a risk in the United States. Read more

Health, Safety & Environmental

The drone strikes on 14 September, claimed by Iran-backed Houthi rebels, marked the largest ever single disruption to oil supplies. Read more

Commodities

API highlights U.S. energy progress Read more

Natural Gas/LNG

Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) buoyed by lower prices brought on by abundant supply as the United States briefly dethroned Saudi Arabia as the world’s top exporter. Read more

Commodities

Prices extended losses following data that showed U.S. manufacturing activity contracted for the first time in three years in August, with new orders and hiring declining as trade tensions weighed on business confidence. Read more

Commodities

The U.S. average retail price for all formulations of regular gasoline on August 26, 2019, was $2.57 per gallon (gal), 25 cents/gal (9%) lower than the price at the same time last year. Read more

Commodities

Concerns for the global economy have increased as trade tensions between Beijing and Washington mounted in recent days. Read more

Commodities

In 2018, total U.S. crude oil production grew by 17%, led by increased production of relatively light, less dense crude oil. Read more

Commodities

Limited natural gas pipeline takeaway capacity in the region has kept prices very low or negative in recent months. Read more

Commodities

There is considerable potential to raise the crude oil production in the Bakken shale play from the current level of approximately 1.44 million barrels of oil per day (mmbd) to at least 2 mmbd. Read more

Commodities

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