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Liquid Fuels

Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. more

Drilling & Exploration

The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. more

Drilling & Exploration

Praxair, Inc. has commenced construction of its fifth liquid hydrogen plant in the U.S., adding geographic and source diversification more

Downstream

U.S. crude oil production reached 11.3 million barrels per day (b/d) in August 2018, according to EIA’s latest Petroleum Supply Monthly, up from 10.9 million b/d in July. more

Drilling & Exploration

The 2018 Atlantic hurricane season produced 13 named storms as of October 5, including 6 hurricanes. more

Refining/Petrochemical

The density of crude oil processed by U.S. Gulf Coast refineries has become lighter since 2008 as refineries moved away from heavier imported crude oil to lighter crude oil produced in Texas. more

Refining/Petrochemical

Enterprise Products Partners L.P. announced it has begun construction of a new natural gas liquids (“NGL”) fractionator adjacent to its Mont Belvieu, Texas complex. more

Pipeline/Transportation

U.S. energy-related carbon dioxide (CO2) emissions in 2017 fell to 5.14 billion metric tons, 0.9% lower than their 2016 levels, and coal emissions were the primary driver behind the decline. more

Health, Safety & Environmental

The U.S. average retail price for regular gasoline on August 27, 2018, was $2.83 per gallon (gal), the highest price on the Monday before Labor Day since 2014, when it was $3.45/gal. more

Natural Gas

Inventories of distillate fuel, a category that includes both diesel and home heating oil, were 117.7 million barrels at the end of June, the lowest end-of-June level since 2004. more

Chemical Processing

In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. more

Refining/Petrochemical

Distillate fuel continued to be the most exported U.S. petroleum product in 2017, averaging 1.4 million barrels per day (b/d) of gross exports. more

Refining/Petrochemical

Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. more

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