MassiveIndustry

(Tue, 01 May 2018) U.S. tight oil production increased in 2017, accounting for 54% of total U.S. crude oil production, in part because of the increasing productivity of new wells. Since 2007, the average first full month of oil production from new wells in regions tracked by EIA’s <em>Drilling Productivity Report</em> (DPR) has generally increased. These growing initial production rates have helped tight oil production to increase despite slowdowns in drilling activity when oil prices fell.

(Mon, 30 Apr 2018) U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, totaled 14.1 million barrels in 2017, a 36% decrease from 2016. Although increasing Renewable Fuel Standard (RFS) targets have driven increased biomass-based diesel demand in recent years, imports fell in 2017 largely because of U.S. Department of Commerce (DOC) import duties imposed on foreign biodiesel volumes sourced from Argentina and Indonesia, two of the leading exporters of biodiesel.

(Thu, 26 Apr 2018) Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56% decline from FY 2013. Renewable subsidies in FY 2010 and FY 2013 were approximately $15 billion, more than double FY 2016 levels, as support from the American Recovery and Reinvestment Act of 2009 (ARRA) lessened.

The first VLCC to directly load a cargo at the Louisiana Offshore Oil Port arrived at the port of Huizhou, China, on Sunday.