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Liquid Fuels

Petroleum, which consists of crude oil and refined products such as gasoline, diesel, and propane, is the largest primary source of energy consumed in the United States. Read more

Pipeline/Transportation

The number of operable refineries remained at 135 on January 1, 2019; however, similar to last year’s report, four refineries previously considered separate in survey data were merged into two. Read more

Refining & Petrochemical Processing

As of the end of May 2019, Colorado had about 40,000 active oil and natural gas wells. Read more

Drilling & Exploration

The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. Read more

Pipeline/Transportation

U.S. crude oil imports from OPEC members have generally fallen over the previous decade as domestic crude oil production has increased. Read more

Commodities

In June 2016, the Panama Canal Authority, the body that operates the Panama Canal, opened a third set of locks that facilitated transit of larger ships, the first such expansion since the canal was completed in 1914. Read more

Offshore & Marine

Energy trade accounted for 12% of the value for all U.S. exports to Mexico and 5% of all U.S. imports from Mexico in 2018. Read more

Refining & Petrochemical Processing

Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. Read more

Drilling & Exploration

Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged 17.3 million barrels per day (b/d) in 2018, the highest annual average on record and the fifth consecutive year of record-high refinery runs. Read more

Refining & Petrochemical Processing

EIA’s Annual Energy Outlook 2019 Reference case projects that U.S. tight oil production, which became the more common form of oil production in 2015, will continue to increase through 2030. Read more

Drilling & Exploration

Crude oil prices in the Permian region have increased since the beginning of the year as two recent pipeline capacity additions reduced some of the takeaway constraints that developed in the middle of 2018. Read more

Pipeline/Transportation

A decade ago, in December 2008, shale gas and tight oil accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production. Read more

Drilling & Exploration

EIA projects that, for the first time since the 1950s, the United States will export more energy than it imports by 2020 as increases in crude oil, natural gas, and natural gas plant liquids production outpace growth in U.S. energy consumption. Read more

Natural Gas/LNG

The implementation of new regulations affecting marine fuel specifications will have implications for crude oil and petroleum product markets over the coming decade. Read more

Refining & Petrochemical Processing

Saudi Arabia expects domestic energy consumption to fall by 1.5 million to 2 million barrels of oil equivalent per day by 2030 as a result of moves a year ago to hike gasoline and electricity prices, the energy minister said. Read more

Renewable & Biofuel

Energy consumption in Asia, the Middle East, and Africa continues to grow rapidly, with about 20% growth in each region between 2010 and 2016. Read more

Power Generation

U.S. regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. Read more

Natural Gas/LNG

After increasing 25% from January through the beginning of October in 2018, the spot energy index in the S&P Goldman Sachs Commodity Index (GSCI) ended the year 21% lower than at the beginning of the year. Read more

Commodities

International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operators, refiners, and global oil markets. Read more

Offshore & Marine

Air Liquide will build the first world scale liquid hydrogen production unit dedicated to the hydrogen energy markets, located in the Western U.S., and has signed a long-term agreement with FirstElement Fuel Inc. Read more

Downstream

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. Read more

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