(Mon, 14 Dec 2015) EIA continues to expand its assessment of technically recoverable shale oil and shale gas resources around the world. The addition of four countries?Chad, Kazakhstan, Oman, and the United Arab Emirates (UAE)?to a previous assessment covering 42 countries has resulted in a 13% increase in the global assessed total resource estimate for shale oil and a 4% increase for shale gas.
The mandate may provide a small uptick in demand for the blendstock, but it will not put a dent in a forecast crash in Australia’s overall use of biofuels.
At the Coal Trading Association’s annual conference New York City, both the bulls and bears were on display, although sentiment leaned more heavily toward the latter.
(Fri, 11 Dec 2015) In September 2015, monthly U.S. crude oil imports from Mexico totaled 0.6 million barrels per day (b/d), the lowest level since 1990, and a decrease of about 50% since January 2011. Meanwhile, Mexico's exports of heavy crude oil to Asia and light crude oil to Europe rose, according to data from Mexico's national oil company Petróleos Mexicanos.
(Fri, 11 Dec 2015) Annual state-level estimates of energy consumption, prices, and expenditures for asphalt and road oil.
Margaret McQuaile argues that the lack of an OPEC oil output ceiling does not make a great deal of difference in a practical sense, but that philosophically there seems to have been a change.
(Thu, 10 Dec 2015) The U.S. Energy Information Administration's State Heating Oil and Propane Program (SHOPP) collects state-level residential heating oil and propane price data in 38 states during the winter heating season. SHOPP is a joint effort between EIA and state energy offices in regions (especially states in the Northeast and Midwest) where heating oil and propane are commonly used as heating fuels.
With the EU's controversial MiFid II financial rules tentatively due to come into effect in January 2017, what impact might the Directive have on the region's gas and power traders?
If you’ve been involved in any conversations about energy in 2015, there’s very much a sense the industry is gritting its teeth and just trying to get through this period of sustained low prices.
(Wed, 09 Dec 2015) Two recently enacted laws authorize significant sales of crude oil from the Strategic Petroleum Reserve (SPR) over the next decade. The Bipartisan Budget Act authorizes the sale of 58 million barrels of SPR oil between FY 2018-2025 for deficit reduction purposes and an estimated 40-50 million barrels of oil in FY 2017-2020 for SPR modernization. The Fixing America's Surface Transportation Act authorizes the sale of 66 million barrels of oil in FY 2023-25 to help support the Highway Trust Fund.
