EIA: crude prices narrowing and refinery decisions changing
Changing quality mix is affecting crude oil price differentials and refining decisions, according to the US Energy Information Administration.
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Changing quality mix is affecting crude oil price differentials and refining decisions, according to the US Energy Information Administration.
The US EIA reports that Hurricane Harvey caused substantial disruptions to crude oil and petroleum product supply chains.
The US EIA has announced that US weekly ethanol production averaged 1.02 million bpd through the first six months of 2017.
EIA now forecasts Brent crude oil spot prices to average US$51/bbl in 2017 and US$52/bbl in 2018.
According the US EIA's Today in Energy, low inventories and supply developments are affecting Asian residual fuel oil prices.
Fuel ethanol production capacity in the US reached 15.5 billion gal./year, or 1.01 million bpd, at the beginning of 2017.
According to the US EIA's Today in Energy, US refineries are running at record-high levels.
The EIA has announced that the US remained the world's top producer of petroleum and natural gas hydrocarbons in 2016.
According to the US EIA, net oil revenues from oil producing and exporting countries (OPEC) in 2016 were the lowest they have been since 2004.
According to the US EIA's Today in Energy report, US crude oil imports increased in 2016.
The EIA has reported that US energy-related CO2 emissions fell by 1.7% in 2016.
According to the US EIA, rail shipments of propane have increased with butane to West Coast offsets decreasing production.