Weekly U.S. crude oil production hit the highest level on record last week, according to preliminary government data, in another sign of the resilience of American shale drillers. The United States produced 9.62 million barrels of oil a day in the week through Nov. 3, the U.S. Energy In...
HOUSTON, Jan. 24 (Xinhua) -- U.S. crude oil field production stayed level during the week ending Jan. 18, the U.S. Energy Information Administration (EIA) said on Thursday. The EIA report said the weekly U.S. field production of crude oil averaged 11.9 million barrels per day (b/d)...
HOUSTON, Jan. 16 (Xinhua) -- U.S. crude oil field production increased during the week ending Jan. 11, the U.S. Energy Information Administration (EIA) said on Wednesday. The EIA report said the weekly U.S. field production of crude oil averaged 11.9 million barrels per day (b/d), ...
The Energy Information Administration (EIA) reported that US crude oil production fell by 30,000 barrels per day to 9.038 million b/d in the week ended Mar. 18. The agency said output in Alaska fell by 10,000 b/d while volumes in the rest of the country (onshore and offshore) fell...
We give readers an updated view of where we expect US crude storage by year-end. Lower 48 production likely to be overstated by at least 100k b/d. Welcome to theweekly oil storage report editionof Oil Markets Daily! Summary The EIA reported another stellar oil storage report. This week's...
The US Energy Information Administration (EIA) reported that domestic crude oil production fell by 24,000 barrels per day to 8.953 million b/d in the week ended Apr. 15. US oil output is continuing its downward trend after falling below 9 million b/d last week for the first time since ...
A disruption or closure of the Strait of Hormuz, a key chokepoint which sits between Iran and Oman and through whichone-fifth of global oil productionflows daily, would also cause oil prices to shoot higher. "A Hormuz disruption would be very serious for the world economy, potentially driving...
The strengthening of the US dollar has put pressure on the valuation of commodity crude oil. OPEC+ oil producing countries have limited space for future production reduction and relocation The Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided at a committee meeting ...
Oil prices fall more than $1/barrel ahead of US election results By Nurluqman Suratman 06-Nov-24 15:32 SINGAPORE (ICIS)–Crude oil prices fell by more than $1/barrel on Wednesday in Asia following a rally in the US dollar as polls in the 2024 US presidential elections closed. IN...
US Crude Oil Inventories Fall More Than Expected US Inventory Growth Aligns with Forecasts US Homebuilder Sentiment Holds Steady US Manufacturing Production Rises Less than Expected US Industrial Production Unexpectedly Contracts US Capacity Utilization at 2021-Lows, Misses Forecasts ...