Iraq was the second-leading contributor to the growth in global oil supply in 2015, behind only the United States. Crude oil production in Iraq, including fields in the Kurdistan Region of northern Iraq, averaged 4.0 million barrels per day (b/d)…
Month: February 2016
European distillate oversupply means some shippers take the long route around Africa
In Europe, the combination of low winter heating demand, high refinery runs, and increased imports have kept distillate fuel oil inventories in the Amsterdam, Rotterdam, and Antwerp (ARA) area far above normal. Higher inventories have lowered distillate futures prices in…
Canadian oil production expected to increase despite lower prices
Despite lower crude oil prices, EIA expects Canadian oil production to continue increasing through 2017. Canadian oil sands projects that were already under construction when prices began to fall in 2014 and that are expected to begin production in the…
Rail continues to dominate coal shipments to the power sector
U.S. electric power generators consumed 740 million tons of coal in 2015, fueling about one-third of total electric power generation and accounting for 92% of all coal consumed in the United States. Nearly 70% of all coal used by power…
Motor gasoline consumption expected to remain below 2007 peak despite increase in travel
Based on estimates in the most recent Short-Term Energy Outlook (STEO), vehicle travel in the United States in 2015 was almost 4% above its 2007 level, but motor gasoline consumption has not exceeded its previous peak in 2007. Improvements in…
Pipelines, tankers, and barges convey transportation fuels from Gulf Coast to East Coast
In the United States, the East Coast and Gulf Coast are highly dependent on each other to balance supply and consumption of transportation fuels. East Coast transportation fuels consumption is met through a number of supply sources, but none is…
For transportation fuels, the Gulf Coast produces, the East Coast consumes
Movement of transportation fuels between the U.S. Gulf Coast and East Coast regions represents the largest movement of such products in the United States. This relationship is underpinned by supply and demand imbalances in each region. The Gulf Coast is…
Oil production in federal Gulf of Mexico projected to reach record high in 2017
U.S. Gulf of Mexico (GOM) crude oil production is estimated to increase to record high levels in 2017, even as oil prices remain low. EIA projects GOM production will average 1.63 million barrels per day (b/d) in 2016 and 1.79…
Diesel fuel retail price falls below $2.00 per gallon for first time since 2005
EIA’s weekly survey of diesel prices shows that the U.S. average retail price for on-highway diesel fuel was $1.98 per gallon (gal) on February 15, falling below $2/gal for the first time since February 14, 2005. The U.S. average retail…
Canada, Mexico, United States launch North American Cooperation on Energy Information site
The Energy Minister and Secretaries from Canada, Mexico, and the United States are launching a framework for sharing energy information for North America, hosted at www.nacei.org. The website can be displayed in English, French, and Spanish and has links to…
