Later today expect data on EIA, as analysts predict oil reserves to increase by 4.75 million barrels, which will lead to a new historical record overseas. The ICE dollar index is still trading near 12-year high against the prospects for an early rise in interest rates by the Federal Reserve...
proved crude oil reserves fell 2.5%, or 520 million bbl, in 2004, worse than last year's drop. Five of the last 10 years have seen declines in oil reserves. Reserves only replaced 71% of production. Still, that was better than the prior year's 58% replacement figure. NGL reserves, ...
This chart shows the historical world supply/demand balance up to February 2022 and after that, the EIA’s forecast out to December 2023. From March 2022 to December 2023, the STEO is forecasting an average monthly surplus of close to 518 kb/d. The sanctions on Russian oil and increased ...
The US had 341.1 trillion ft3of natural gas proved reserves as of the end of 2016, an increase of 5% from 2015, according to a recently released report by the US Energy Information Administration (EIA). US crude oil and lease condensate proved reserves r...
Findings are presented for the total US, as well as State and selected geographic areas, on proved reserves of crude oil, natural gas, and natural gas liquids as of December 31, 1982. Production volumes are also provided for each of these three categories. Data are also presented on notable...
If yearly demand growth rate returns to the expected pre-covid rate of 0.8 Mb/d of C + C by mid 2022, this means that OPEC can continue to increase their production without fear of lowering the oil price, provided they can increase their output. This chart compares the STEO’s forecast...
Strong oil and natural gas prices in 2018 drove the increase in oil and natural gas proved reserves in the US to these record levels. “The US increased its proved reserves of oil and natural gas, establishing new records in 2018 according to a recently released EIA ...
Over the past year, oil production has fallen by 3.8 million barrels per day to offset export restrictions.In 2024 alone, gasoline prices in Europe and North America increased by 5-10%.The extension of oil supply quotas will also affect the inability to replenish US oil reserves, which tried...
This chart shows US gold reserves as measured in metric tonnes: Chart Source: Bullionstar In fact, the numbers show that from inception, it was already on an unstable path. The US began the system with more gold than foreign liabilities, but that gap quickly began closing within the first ...
In 2022, the US agricultural exports to China reached a total of US$40.9 billion, up 14.5 percent year-on-year according to the USDA. The importance of the Chinese market to US agriculture makes it a pragmatic entry point to improving US-China relations and trade ties. At the opening ...