A deeper look at oil prices after a US presidential election
Election day in the United States is tomorrow, and we’re taking a closer look at how oil prices change right after a new American president is chosen.
US ‘near miss’ offshore safety program a ‘near success’ – Fuel for Thought
An ambitious effort to collect “near miss” data from US offshore drillers has stalled, but regulators are working to get the program back in gear.
U.S. crude oil production in 2015 was the highest since 1972
(Mon, 07 Nov 2016) U.S. field production of crude oil increased in 2015 for the seventh consecutive year, reaching 9.42 million barrels per day (b/d). This was the highest crude oil production level since 1972, based on final production numbers in EIAâs <em>Petroleum Supply Annual</em>.
Turkey’s Kurdish arrests put kibosh on ferrous scrap trade
It was a different kind of Black Friday for Turkey on Friday as politics bit into trade and business, including the steel scrap market.
What happens to oil prices just after a US presidential election?
We studied the movement of oil pricing in the 90 days immediately following the most recent presidential elections in the US — the world’s largest economy.
Oil wells drilled horizontally are among the highest-producing wells
(Fri, 04 Nov 2016) Oil wells drilled horizontally through hydrocarbon-bearing formations are often among the most prolific oil wells in the United States. Although modern horizontal drilling achieved commercial success in the 1980s, drilling techniques have improved, and in recent years, horizontal drilling has become more common.
US ethane cracker updates in petrochemical Q3 earnings calls
The first in a wave of US Gulf Coast ethane cracker projects is slated to start up in the Q1 of 2017. Here is a roundup of other major cracker updates.
Major gasoline pipeline in Southeast disrupted for second time in two months
(Thu, 03 Nov 2016) On the afternoon of October 31, an explosion occurred on the Colonial Pipeline Line 1, which carries gasoline from the Gulf Coast to as far east and north as North Carolina and is a key supply source for several states in between and beyond. This is the second major disruption of Colonial Line 1 in less than two months.
California’s Traffic Mess
A reader calls for more funds to “help make transportation more accessible and efficient.”
U.S. summer gasoline consumption sets new high
(Wed, 02 Nov 2016) The consumption of U.S. finished motor gasoline reached a new high of 9.7 million barrels per day (b/d) in June 2016, surpassing the previous one-month high of 9.6 million b/d set in July 2007. U.S. gasoline consumption during summer 2016 (June through August) increased by 169,000 b/d, or 1.8%, relative to the same period in 2015. The increase in gasoline consumption was slightly lower than the increase in driving, suggesting that fuel economy improvements slightly mitigated the increase.