(Thu, 15 Mar 2018) U.S. crude oil exports grew to an average of 1.1 million barrels per day (b/d) in 2017, the second full year since restrictions on crude oil exports were removed. Crude oil exports in 2017 were nearly double the level of exports in 2016. Increased U.S. crude oil exports were supported by increasing U.S. crude oil production and expanded infrastructure.
(Wed, 14 Mar 2018) In each of the past three years, the value of U.S. energy exports to Mexico has exceeded the value of U.S. energy imports from Mexico. Energy trade between Mexico and the United States has historically been driven by Mexicoâs sales of crude oil to the United States and by U.S. exports of refined petroleum products to Mexico. As the United States has reduced crude oil imports from Mexico, the trade balance has shifted.
Jim Beam, the world’s biggest-selling US bourbon whiskey, is sold mostly in aluminum cans in Japan — which could potentially take an unintended hit from the US’ recent move to impose a 10% levy on aluminum imports.
(Tue, 13 Mar 2018) Venezuelaâs crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years. Crude oil production in Venezuela decreased from 2.3 million barrels per day (b/d) in January 2016 to 1.6 million b/d in January 2018.
(Mon, 12 Mar 2018) For four consecutive days in early February, stock market implied volatility surpassed crude oil price volatility for the first time since 2008. The VIX, a measure of implied volatility, or the marketâs expected range of near-term price changes on Standard and Poorâs (S&P) 500 index options, closed higher than the OVX, a measure of implied volatility on crude oil options.
Crown Prince Mohammed's visit gives UK Prime Minister Theresa May a final opportunity to have London Stock Exchange chosen as venue for huge sale.
(Fri, 09 Mar 2018) Upstream investment in crude oil and liquids production is highly sensitive to crude oil prices, particularly production of higher-cost resources from tight rock formations, oil sands, and offshore deepwater. In EIAâs <em>International Energy Outlook 2017</em> (IEO2017) Reference case, increasing crude oil prices lead to more investment, driving production growth in these higher-cost resources.
Some Chinese steel mills are responding to the strong domestic scrap price by switching back to using higher proportions of iron ore in the burden mix.
Emissions, agility and autonomous vehicles were the focus of General Motors CEO Mary Barra’s luncheon address to energy industry executives, March 7, at CERAWeek by IHS Markit.
(Thu, 08 Mar 2018) EIAâs U.S. Energy Mapping System is an interactive, comprehensive visual reference for energy infrastructure in the United States. Several layers in the system were recently updated, allowing users to see locations of several types of energy infrastructure, including wind turbines, coal mines, oil and natural gas wells, high-voltage electric transmission lines, natural gas pipelines, and U.S. border-crossing points of electric transmission lines and liquids and natural gas pipelines.
