EIA

  • News
    US Is Building Up as The Lead Petroleum Exporter

    US Is Building Up as The Lead Petroleum Exporter

    The U.S. solidified its standing as an energy producer by posting the primary full month as a web exporter of crude and petroleum merchandise since authorities information started in 1949. The nation exported 89,000 barrels a day greater than it imported in September, in keeping with data from the Energy Information Administration Friday. Whereas the U.S. has beforehand reported internet…

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  • Natural Gas
    US Production of Natural Gas Is Going High

    US Production of Natural Gas Is Going High

    Dry pure gasoline manufacturing in the USA will rise to an all-time excessive of 92.10 billion cubic ft per day (Bcf/d) in 2019, the EIA reported on Wednesday in its newest model of the Short Term Energy Outlook. That determine is up 10% from 2018; however, the EIA forecasts that the manufacturing development in 2020 can be much less because…

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  • News
    US Becomes the Main Petroleum Exporter

    US Becomes the Main Petroleum Exporter

    The USA apparently has change into a web exporter of crude oil and petroleum merchandise for the primary time in at the least 70 years, the U.S. Energy and Information Administration reported this week. The report is yet one more piece of proof of how oil manufacturing from shale and different dense rocks has reworked the oil and pure gasoline…

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  • Crude Oil
    Drawing Too Much Oil Can Be Rough for The Future

    Drawing Too Much Oil Can Be Rough for The Future

    A stunning crude oil stock draw of over 10 million barrels continuing a string of weekly declines reported by American Petroleum Institute, the Energy Information Administration released its weekly estimate, which confirmed the dimensions of the draw, strengthening oil costs further. According to the EIA, U.S. crude oil inventories shed 10.8 million barrels within the week to July 19. This…

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  • Crude Oil
    Oil Spikes After API Reports Huge Crude Inventory Draw of the Year

    Oil Spikes After API Reports Huge Crude Inventory Draw of the Year

    The American Petroleum Institute (API) reported an abundant crude oil stock draw of 10.961 million barrels for the week ending July 18, compared to analyst expectations of a much smaller—but significant–4.011-million-barrel draw. The inventory draws this week compares to last week’s small draw of 1.401 million barrels, according to the API. A day later, the EIA had estimated a first…

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