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crude oil production

U.S. Crude Oil Production Growth Helps Gulf Coast Imports

June 22, 2015 by U.S. EIA: Today in Energy

Oil Production and Exports

In recent years, higher domestic production of light, tight crude oil has led to a reduction in crude oil imports. Certain types of crude oil have been affected more than others; for example, the increased economic availability of domestic light, tight crude oil has virtually eliminated Gulf Coast imports of light crude oil.[read more]

Friday Energy Facts: Increases in U.S. Crude Oil Production are Predominantly Light Sweet Crude

June 5, 2015 by U.S. EIA: Today in Energy

Sweet Crude Production

U.S. crude oil production has grown rapidly in recent years, primarily from light, sweet crude (less dense, lower sulfur content) from tight resource formations. Roughly 90% of the nearly 3.0 million barrel per day (b/d) growth in production from 2011 to 2014 consisted of light, sweet grades.[read more]

Implications of Higher Domestic Crude Production for U.S. Refining

May 12, 2015 by U.S. EIA: Today in Energy

U.S. Oil Production Effects and Impacts

The Energy Information Administration is developing a series of analyses that address the implications of current limitations on crude oil exports for prices, including both world and domestic crude oil and petroleum product prices, and for the level of domestic crude oil production and refining activity.[read more]

Increasing Domestic Production of Crude Oil Reduces Net Petroleum Imports

April 24, 2015 by U.S. EIA: Today in Energy

Crude Oil Production Impacts

In its recently released Annual Energy Outlook 2015, the EIA expects United States crude oil production to rise through the year 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports.[read more]

Crude Prices Surge as the Pieces Fall Into Place

April 20, 2015 by Robert Rapier

I have been pretty adamant — some may say that I have been stubbornly adamant — about my expectations for crude oil prices this year. I have argued against the notion that crude oil prices were going to fall to $20 or $30/bbl, for several reasons.[read more]

Why Crude Inventories Surged Last Week

April 13, 2015 by Robert Rapier

While U.S. crude oil inventories have been surging since last fall, I have argued that these inventories should peak off soon. The primary reason is that March is historically the month that refinery utilization is at its lowest, due to the popularity of performing refinery maintenance during the month.[read more]

Is the U.S. Running Out of Crude Oil Storage?

March 16, 2015 by Robert Rapier

Crude Oil Storage Capacity

Despite the popular narrative that we keep hearing, the U.S is not running out of crude oil storage. Yet there are those who are predicting that oil prices are going to fall to $20 or $30 a barrel, pointing to the crude oil storage numbers and suggesting that we are near maximum capacity and price collapse is imminent.[read more]

Energy Quote of the Day: "OPEC Cannot Continue Protecting a Certain Price"

January 20, 2015 by Jared Anderson

OPEC and Price Protection

Implicitly or explicitly OPEC countries are battling with US oil producers over the commodity price. There is much evidence to suggest that given US production growth volumes and weak global demand, OPEC could only marginally impact prices by cutting production.[read more]

Energy Quote of the Day: "Baloney and Rubbish"

January 17, 2015 by Jared Anderson

Oil Price Collapse and Producer Action

Saudi prince Alwaleed bin Talal made headlines this week when he stated oil prices would never again exceed $100 per barrel. Surely several analysts would advise him to “never say never,” but the prince also spoke about allegations that Saudi Arabia is deliberately forcing down oil prices in order to hurt Russia.[read more]

Despite Lower Crude Oil Prices, U.S. Crude Oil Production Expected to Grow in 2015

December 21, 2014 by U.S. EIA: Today in Energy

Oil Prices and Future Drilling

The recent decline in crude oil prices has created the potential for weaker crude oil production. EIA's Drilling Productivity Report includes indicators that provide details on the effect low prices may have on tight oil production, which accounts for 56% of total U.S. oil production.[read more]

North Dakota and Texas Now Provide Nearly Half of U.S. Crude Oil Production

July 6, 2014 by U.S. EIA: Today in Energy

State Oil Production

U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total. Texas production topped 3.0 million bbl/d for the first time since the late 1970s, more than doubling production in the past three years.[read more]

Five States and the Gulf of Mexico Produce More than 80% of U.S. Crude Oil

April 8, 2014 by U.S. EIA: Today in Energy

States and Crude Oil Production

Five states and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013. Texas alone provided almost 35%, according to preliminary 2013 data released in EIA's March Petroleum Supply Monthly.[read more]


Should the U.S. Allow Increased Domestic Crude Oil Exports?

April 8, 2013 by John Miller

U.S. domestic crude oil production has increased significantly in recent years. Would exporting some of this new domestically-produced crude oil be in the best interests of the U.S. overall?[read more]

Crude Production Rise: Credit Where Credit’s Due

June 13, 2012 by Mark Green

Vadim Ponomarenko/Shutterstock

Last week the Energy Information Administration (EIA) told us that U.S. crude oil production in the first quarter of the year topped 6 million barrels per day (bbl/d) for the first time in 14 years. EIA’s chart:EIA’s analysis:“Strong growth in U.S. crude oil production since the fourth quarter of 2011 is due mainly to higher output from...[read more]

Canadian Oil Sands Could Lead U.S. Oil Imports This Year

June 23, 2010 by Mike Gregory

Canadian oil sands are a growing source of petroleum, and by the end of this year, they'll probably be the leading source of crude oil imports into the United States, according to a new study by IHS CERA. Canada is already the primary source of crude oil imports into the United States, and the country has been steadily increasing its...[read more]