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crude oil

As Total U.S. Crude Oil Imports Fall, Canada's Import Supply Share Rises

November 17, 2015 by U.S. EIA: Today in Energy

Canada and Crude Oil Imports

Although overall U.S. crude oil imports have been declining since 2005, crude oil imports from Canada have been increasing. As of August, Canada provided 45% of all crude oil imports to the United States, almost three times as much as all Persian Gulf countries combined.[read more]

Crude Oil Swaps with Mexico Could Provide Economic and Environmental Benefits

September 11, 2015 by U.S. EIA: Today in Energy

Crude Oil Swaps

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 sour crude that is already being exported to the United States.[read more]

Saudi Arabia Maintained Crude Oil Market Share in Asia in the First Half of 2015

September 10, 2015 by U.S. EIA: Today in Energy

Saudi Arabia and Oil Market Share

In the first half of 2015, Saudi Arabia exported on average 4.4 million barrels per day of crude oil to trading partners in Asia, making up more than half of Saudi Arabia's total crude oil exports. Even as global crude oil prices fell in 2014 and 2015, Saudi Arabia increased production and kept its export levels high.[read more]

Nuclear Accord Creates Potential for Additional Crude Oil Production from Iran

August 13, 2015 by U.S. EIA: Today in Energy

Iran Nuclear Energy and Oil Production

On July 14, the P5+1 (the five permanent members of the United Nations Security Council and Germany) and Iran announced an agreement that could result in relief from United States and European Union nuclear-related sanctions (which include some oil-related sanctions).[read more]

The Crude Oil Export Ban: A Discussion with Senator Lisa Murkowski

June 5, 2015 by Brad Townsend

Crude Oil Export Ban

In May of 2015, Senator Lisa Murkowski (R-AK) hosted a discussion at (OEP) on the impacts of lifting the crude oil export ban. This post features a snapshot of the perspectives offered by OEP’s diverse community of vetted experts.[read more]

U.S. Crude Oil Storage Capacity Utilization Now up to 60%

March 10, 2015 by U.S. EIA: Today in Energy

Crude Oil Storage Capacity

Crude oil inventory data show that total utilization of crude oil storage capacity in the U.S stands at approximately 60%, compared with 48% at the same time last year. Most U.S. crude oil stocks are held in the Midwest and Gulf Coast, where storage tanks were at 69% and 56% of capacity, respectively.[read more]

The Growing Risk of Transporting Crude Oil by Rail

February 24, 2015 by Robert Rapier

Crude Oil Rail Risk

By now you have probably heard that a CSX train carrying Bakken crude from North Dakota’s shale oil fields derailed and caught fire. While the cause is still under investigation, the train was carrying 109 tankers of crude oil. 26 of the cars left the tracks, and several caught fire.[read more]

Friday Energy Facts: Crude Exports and Re-Exports Continue to Rise; Some Volumes Sent to Europe and Asia

November 7, 2014 by U.S. EIA: Today in Energy

Oil Exports Rising

The United States exported 401,000 barrels per day (bbl/d) of crude oil in July 2014, the highest level of exports in fifty-seven years and the second highest monthly export volume since 1920, when the Energy Information Administration's published data actually starts.[read more]

The Impact of the Global 'Sweet' Crude Bulge

October 20, 2014 by Geoffrey Styles

When the US went to war in 2003, the price of oil embarked on a trend that took it from around $30 per barrel to nearly $150 before collapsing in 2008. This time, as a new US-led coalition takes on ISIS with a bombing campaign in Iraq and Syria, the price of oil is falling, down 20% in the last two months.[read more]

U.S. Crude Oil Exports Headed to South Korea

October 2, 2014 by Robert Rapier

Whether crude exports from Alaska begin to happen regularly will depend on the differentials between ANS and the price of oil in Asia. Affecting this will be a number of factors, including the future direction of Alaskan and Lower 48 oil production.[read more]

Brookings Institute Argues for Lifting Crude Oil Export Restrictions

September 16, 2014 by Edward Dodge

Oil Export Regulation

Larry Summers, former economic adviser to President Obama, gave a speech at a recent event presenting the case why the ban on United States crude oil exports should be lifted. The ban is a legacy policy from the 1970’s that is no longer relevant in today’s market.[read more]

U.S. Crude Exports in April Rise to Highest Level in 15 Years

June 22, 2014 by U.S. EIA: Today in Energy

US Crude Exports

The United States exported 268,000 barrels per day (b/d) of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years. Exports have increased sharply since the start of 2013 and have exceeded 200,000 b/d in five of the past six months.[read more]


Benefits of Blocking the Keystone XL Pipeline: Facts or Myths?

September 10, 2013 by John Miller

Keystone Pipeline Facts and Myths

The Keystone XL pipeline is being strongly opposed due to claims that the U.S. and the World would benefit more without completing this project. After carefully examining the factors for opposing the pipeline, are these advocated benefits reasonable?[read more]

Do Crude Oil Shipments Make Rail Less Safe?

September 9, 2013 by Geoffrey Styles

It’s been nearly two months since a train loaded with crude oil from North Dakota derailed and exploded in the Canadian town of Lac-Megantic, Quebec. Since the accident authorities have focused on ascertaining the cause of the accident and determining how best to improve rail safety.[read more]

Libya Could Produce More Energy from Renewables than Oil

February 28, 2013 by Matthew Cook

Libya could generate five times the amount of energy from solar panels alone than what it produces from crude oil, according to research by Nottingham Trent University.[read more]