US crude oil production will come close to its record high by 2016 as the energy boom continues to reshape the US economy, the US Energy Information Administration (EIA) said Monday in a new report. Domestic crude oil production will grow ...
The price differential between US Gulf Coast butane and international markets has eclipsed that of US propane but the US has failed to see a pick up in butane cargo liftings, according to market sources. "I guess it's a logistic ...
Oil production in the US state of Texas, the largest oil producer of the nation, hit a record high in September 2013, according to new data released on Tuesday. The Lone Star State pumped 2.7 million barrels of crude oil per day during ...
The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...
Tags: Oil Prices, oil market
National coal mining employment declined 2.2% year-on-year through the first 10 months of 2013, including a 24% employment rate decrease in Kentucky, according to US Bureau of Labor statistics included in the latest monthly US Energy ...
Tags: Kentucky mines, coal mining
Spot price assessments for US gasoline plunged to the lowest levels of the year across the country Wednesday, pressured by high inventories and weak demand tied to seasonal changes and more efficient vehicles. Gasoline prices in the US ...
Tags: Metallurgy, Mineral, Energy
Two months before the expected third round of bidding for shale gas exploration rights, a Chinese firm on Friday successfully tested extraction equipment. The equipment will operate in complex geographic conditions, according to the ...
Tags: Shale Gas, Extraction Machine
US Gulf Coast propane was at an 11-month high relative to the NYMEX front-month crude contract Friday morning as buying for the fall and winter heating season picks up and exports continued to drain US propane stocks. Mont Belvieu propane ...
Tags: Gulf Coast propane, propane stocks
US coal production, based on railroad car loading data, totaled about 19.3 million short tons during the week that ended Saturday, the US Energy Information Administration said Thursday in its weekly coal production data. EIA said the ...
Tags: coal production
The US Energy Information Administration (EIA) forecasts that China's net oil imports will exceed those of the United States by October 2013 on a monthly basis and by 2014 on an annual basis, making China the largest importer of oil in the ...
Tags: Metallurgy, Mineral, Energy
China's net oil imports are very likely to exceed those of the US by October this year on a monthly basis and by 2014 on an annual basis, making China the largest net oil importer in the world, the US Energy Information Administration (EIA) ...
Tags: Net Oil Importer, imported oil
The front-month Brent/WTI spread narrowed Thursday to its lowest level in more than 20 months, dropping under $1/barrel as NYMEX crude broke above resistance levels on recent stock drops and an equities euphoria. The September Brent/WTI ...
Tags: Prompt Brent, Chemicals
The differential for California-grade blendstock dropped 15.5 cents/gal on Wednesday after US data showed an 818,000-barrel gasoline build on the West Coast. The move left the differential at a discount to NYMEX RBOB for the first time in ...
Tags: Carbob Differential, Chemicals
French President Francois Hollande will not allow shale gas exploration during his presidency, he said on national television Sunday. France currently has a ban on shale gas exploration using hydraulic fracturing, the only current ...
Tags: Metallurgy, Mineral, Energy, Gas Drilling
June exports from the three coal piers at Hampton Roads on the US East Coast declined for the month but are still tracking above last year's numbers on a year-to-date basis, according to figures released Wednesday by the Virginia Maritime ...
Tags: Coal Exports, Chemicals