The production decline in 2023 is due to decline in existing GOM fields not being offset by the increases in crude oil production from the new fields mentioned below. The large spike in January may be due to the startup of the Vito platform. In an August update, Equinor states that Vito ...
US gasoline consumption will peak by 2023 in the aftermath of the coronavirus pandemic as increased fuel efficiency and electric vehicle sales take hold, but domestic crude oil production will keep rising to a record high of about 13.9 million b/d in 2034 before slowly falling, according to the...
Additionally, a quantile Granger causality test developed by Troster (2017) is also applied to examine the causal association between crude oil consumption and economic growth. The empirical evidence underscores the presence of nonlinearities and locational asymmetries. The growth hypothesis holds for the...
OPEC's oil production cuts were not implemented, mainly because Iraq's production exceeded its quota for the second month in a row. The latest OPEC report basically remains unchanged in its global oil supply and demand forecast for this year and next. Oil consumption is expected to increase st...
oil production out of a total production of 11,816 kb/d in July 2022. As can be seen, the states with increasing production were offset by decreasing production in the remaining states for no net monthly gain. On a YoY basis, US production increased by 470 kb/d with the majority having...
一代完人洪承畴 在美国,真正共产主义者违法吗? 美帝不服不行 US energy dependency Despite being the world's largest oil producer, the US imported more than 3 billion barrels of crude oil and refined products in 2021, accounting for 43% of the country's consumption. ...
According to the EIA,“Most of Montana’s crude oil production comes from the Bakken Formation in the northeastern corner of the state along the border with North Dakota. Montana’s Elm Coulee field, which began producing oil in 2001, was initially the most prolific oil field in the Williston...
Large–scale electric vehicle adoption can greatly reduce emissions from vehicle tailpipes. However, analysts have cautioned that it can come with increased indirect emissions from electricity and battery production that are not commonly regulated by tra
22:15USDIndustrial Production (MoM)(Jan)--0.3%0.9% Saturday, February 15 02:00USDBaker Hughes US Oil Rig Count---480 04:30USDCFTC Gold NC Net Positions---$302.5K 04:30USDCFTC Oil NC Net Positions---230.3K 04:30USDCFTC S&P 500 NC Net Positions---$-4.8K ...
The U.S. Energy Information Administration expects U.S. crude oil production to peak in 2030, while OPEC production is expected to continue rising through 2050.23 Much of the growth in energy consumption is expected to take place in developing Asian countries, where petroleum liquids demand is ex...