Tag Archives: supply

Crude by rail provides the West Coast with supply as regional crude oil production falls

June 9, 2015 Source: U.S. Energy Information Administration, Petroleum Supply MonthlyNote: 2015 reflects the average of January-March 2015. While total U.S. crude oil production increased by nearly 3.2 million barrels per day (b/d) from 2010 to 2014, production in the West Coast region (PADD 5) decreased by 0.1 million b/d, continuing a long-term decline. With […]

Crude oil adjustment balances independently developed supply and disposition components

June 2, 2015 Source: U.S. Energy Information Administration, The crude oil adjustment is perhaps the most frequently misunderstood component of the U.S. crude oil balance published in EIA’s (WPSR). This adjustment reflects the combined uncertainty around each of the crude oil data elements that EIA uses to assess the balance between U.S. crude oil supply […]

New supply patterns and additional disruptions push California gasoline prices higher

May 12, 2015 Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Republished May 12, 2015, 11:30 a.m., to correct an error in the text. Supply disruptions in the tightly balanced and relatively isolated California gasoline market have increased wholesale and retail gasoline prices over the past several weeks. This comes after markets had […]

Crude by rail accounts for more than half of East Coast refinery supply in February

May 5, 2015 Source: U.S. Energy Information Administration, Note: All sources are net receipts except field production. PADD is Petroleum Administration for Defense District. Monthly rail receipts of crude oil accounted for more than half (52%) of the crude oil supply to East Coast refineries in February. As U.S. and Canadian production of crude oil […]

U.S. commercial crude oil inventories now provide the most days of supply since 1985

March 19, 2015 Source: U.S. Energy Information Administration, Petroleum and Other Liquids and Short-Term Energy Outlook Note: U.S. crude oil inventories exclude Strategic Petroleum Reserves. December 2014 to February 2015 are estimates. With lower U.S. refinery runs and increases in domestic crude oil production, U.S. commercial crude oil inventories at the end of February provided […]

Supply shortages lead to rolling power outages in the Philippines

March 6, 2015 Source: Platts World Electric Power Plant Database (December 2014 release)Note: Planned additions reflect projects currently under construction. As the 12th-largest nation in the world, the Philippines has a population of more than 100 million people spread over 7,000 islands, presenting several electricity infrastructure challenges. Currently, the country is facing growing concerns over […]

Africa: For South Africa’s Electricity Supply, a Muddle Through, a Meltdown or a Miracle?

opinion By Patrick Bond Likely, worst-case and best-case scenarios for a power-cut country South Africa is losing its power, literally: it’s a process called “load shedding” that will last for the foreseeable future. The state energy utility Eskom is careening out of control, begging for an emergency $ 4.5 billion bailout within the $ 120 […]

Iraq was second-leading contributor to global oil supply growth during 2014

February 9, 2015 Source: U.S. Energy Information Administration, Short-Term Energy Outlook Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Iraq accounted for almost 60% of production growth among the Organization of the Petroleum Exporting Countries (OPEC), although this growth […]

Lower demand, higher supply drive oil prices to lowest level since 2012

October 8, 2014 Source: U.S. Energy Information Administration, Bloomberg The price of North Sea Brent crude oil has fallen to around $ 91 per barrel, the lowest level in more than two years and about 21% lower than its year-to-date peak of $ 115 per barrel on June 19. Before its recent decline, average monthly […]

U.S. coal exports fall on lower European demand, increased global supply

October 3, 2014 Source: U.S. Energy Information Administration, based on U.S. Census Bureau data Republished October 3, 2014, 12:35 p.m., to clarify graph units. U.S. coal exports have continued to decline from their record volumes in 2012. During the first half of 2014, coal exports totaled 52.3 million short tons (MMst), 16% below the same […]

Global oil supply and Bárðarbunga

1.BardarbungawebcamAug31

Some time ago magma started rising in the rocks near the Bárðarbunga volcano in Iceland, and after weeks of increasingly intensified earthquake activity, the first signs of eruption were found to have occurred under thick ice within the last week. These were not that visible to the general public. That eruption was followed by a […]

U.S. liquid fuels production growth more than offsets unplanned supply disruptions

August 27, 2014 Source: U.S. Energy Information Administration, and IntercontinentalExchangeNote: The difference between U.S. liquid fuels and crude oil production represents production of hydrocarbon gas liquids, biofuels, and refinery processing gain. Non-OPEC supply disruptions include both crude oil and liquid fuels, while OPEC disruptions include only crude oil. Growth in oil production and supply disruptions […]

Nigeria: Low Gas, LPFO Supply Killing Industries, Power Sector – -Dangote

By Omoh Gabriel Dangote Cement Plc, yesterday, raised alarm over the continued short supply of Gas and Low Pour Fuel Oil, LPFO, in the country, saying the situation had gone from bad to worse in the last six months. Lamenting the shortage of gas and LPFO supply in the country, Mr. Devakumar Edwin, Managing Director, […]

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