September 24, 2015 Source: U.S. Bureau of Economic Analysis, U.S. Energy Information Administration Note: 2015 data are the average of the first two quarters. Low oil prices, if sustained, could mark the beginning of a long-term drop in upstream oil and natural gas investment. Oil prices reflect supply and demand balances, with increasing prices often […]
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September 10, 2015 Source: U.S. Energy Information Administration, based on Chevron crude assay library Note: Kerosene includes a small amount of distillate and naphtha material. U.S.-Mexico crude oil swaps approved last month by the U.S. Department of Commerce’s Bureau of Industry and Security will likely involve exchanges of U.S. light sweet crude for Mexican heavy […]
Although an anticipated fuel and diesel price decrease will greatly help deeply indebted consumers, the relief might be only temporary, cautioned Debt Rescue CEO Neil Roets on Friday. The fuel price is expected to go down by 49 cents a litre and the price of diesel by 70c/litre in August. Earlier this week, the Automobile […]
December 2, 2014 Source: U.S. Energy Information Administration, Note: In this context, the Northeast includes the Northeast Census region as well as Delaware, Maryland, Ohio, and West Virginia. Republished December 2, 2014, 11:00 a.m. to update text. Spurred by growing natural gas production in Pennsylvania, West Virginia, and Ohio, the natural gas pipeline industry is […]
August 25, 2014 Source: U.S. Energy Information Administration, International Energy Outlook 2014 preliminary projections On August 11, Mexico’s president signed into law legislation that will open its oil and natural gas markets to foreign direct investment, effectively ending the 75-year-old monopoly of state-owned Petróleos Mexicanos (Pemex). These laws, which follow in Mexico’s constitution to eliminate […]
How a US decision to allow oil exports could change the world's energy balance The Obama Administration has taken a bold step toward loosening the grip of tense geopolitics on oil prices, reports the Wall Street Journal (paywall), giving the first permission in four decades for the export of unrefined American oil. The decision … […]
