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By Mark Shenk, Bloomberg |
April 9, 2013
The U.S. Energy Information Administration increased its West Texas Intermediate crude price forecast for 2013, predicting new pipeline and rail capacity will narrow WTI’s discount to Brent oil.
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By Phil Flynn |
December 12, 2012
OPEC is not what it used to be. While traders are focused on the Fed and OPEC, history in the oil patch continues to be made as evidenced by more data from the Energy Information Agency.
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By Jim Snyder, Bloomberg |
October 10, 2012
U.S. households that use heating oil will face record prices this winter as weather forecasters predict colder temperatures in the Northeast
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By Moming Zhou, Bloomberg |
September 14, 2012
The power of hurricanes to drive up oil prices is diminishing as the proportion of U.S. crude coming from the Gulf of Mexico falls to a 14-year low because of the increase in onshore shale production.
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By Kasia Klimasinska, Bloomberg |
August 23, 2012
A boom in oil production from the shale formations of North Dakota and Texas has the U.S. on a course to cut its reliance on imported crude oil to about 42 percent this year, the lowest level in two decades.
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By Phil Flynn |
August 23, 2012
Oil imports plunged, falling dramatically catching traders by surprise and strong refinery runs led to a big drop in crude supply.
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By Phil Flynn |
August 2, 2012
The Energy Information Administration reported the biggest increase in US crude oil and natural gas reserves in history.
