Nigeria Country Analysis Brief

(Fri, 06 May 2016) Nigeria is the largest oil producer in Africa and is among the world?s top five largest exporters of liquefied natural gas (LNG). Supply disruptions, typically caused by pipeline sabotage from thieves siphoning crude oil and condensate, are common in Nigeria?s oil and natural gas industries. Pipeline sabotage and oil supply disruptions have increased in 2016, leading to a decline in Nigeria?s crude oil production. Because Nigeria heavily depends on oil revenue, its economy is noticeably affected by changes to its oil production and/or to global crude oil prices.

Recent U.S. imports of oil tend to be heavier than domestic production

(Fri, 06 May 2016) In 2015, more than 70% of the crude oil produced in the Lower 48 states was light oil with an API gravity above 35 degrees. At the same time, 90% of imported crude oil was heavier, with a gravity below 35 degrees API. To accommodate increasing U.S. production of light crude oil, refineries have adjusted their imports by reducing imports of light crudes.

Hydraulically fractured wells provide two-thirds of U.S. natural gas production

(Thu, 05 May 2016) For decades, hydraulic fracturing had been referred to as an unconventional completion technique, but over the past 10 years it has become the technique by which most natural gas is produced in the United States. Based on the most recent available data from states, EIA estimates that natural gas production from hydraulically fractured wells now makes up about two-thirds of total U.S. marketed gas production. This is an even greater share of production as compared to crude oil, where hydraulic fracturing accounts for about half of current U.S. crude oil production.

Almost all U.S. gasoline is blended with 10% ethanol

(Wed, 04 May 2016) Blends of petroleum-based gasoline with 10% ethanol, commonly referred to as E10, account for more than 95% of the fuel consumed in motor vehicles with gasoline engines. Ethanol-blended fuels are one pathway to compliance with elements of the federal renewable fuel standard (RFS). The total volume of ethanol blended into motor fuels used in the United States has continued to increase since 2010, albeit at a declining rate of growth. Meanwhile, the use of ethanol-free gasoline (E0) by fuel consumers has declined.

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