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Oil News in United States

Oil Steady as OPEC Compliance Offsets Robust U.S Output
2/1/2018 - Oil prices pared early gains to stay little changed on Thursday as OPEC’s strong compliance with a supply reduction pact offset news that U.S. production topped 10 million barrels per day (bpd) for th...
Oil Retreats on U.S. Output Rise after Hitting Near 2Y High
1/5/2018 - Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that was driven by tightening supply and political tension...
OPEC Secretary General Urges U.S. Shale Oil Producers
10/10/2017 - OPEC’s Secretary General Mohammed Barkindo on Tuesday called on U.S. shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the reba...
US Oil Trade - July 2017
US Oil Trade - July 2017 7/27/2017 - June preliminary data shows that US crude oil imports dropped by 247 tb/d from the previous month to average 7.9 mb/d. However, annually, US crude imports were 332 tb/d higher than a year before. ...
US Oil Trade - June 2017
US Oil Trade - June 2017 6/22/2017 - Preliminary data shows that US crude oil imports in May rose slightly, by 14 tb/d, from the previous month to average 8.2 mb/d. On an annual basis, US crude imports went up by 244 tb/d compared to las...
US Oil Trade - May 2017
US Oil Trade - May 2017 5/18/2017 - Preliminary data shows that US crude oil imports in April went up to average 8.2 mb/d, which is an increase of 250 tb/d from the previous month and 579 tb/d from last year. Y-t-d, US crude imports in ...
Vitol to Acquire Rotterdam Splitter from Koch Supply & Trading
5/3/2017 - Commodities trader Vitol has agreed to buy an 85,000 barrel per day (bpd) condensate splitter in the Netherlands from Koch Supply and Trading, a subsidiary of U.S. conglomerate Koch Industries, Vitol ...
US Oil Trade - February 2017
US Oil Trade - February 2017 3/13/2017 - January preliminary data shows that US crude oil imports increased to average 8.4 mb/d, up by 489 tb/d from the previous month and 683 tb/d or 9% over the previous year. ...
US Oil Trade - December 2016
US Oil Trade - December 2016 12/22/2016 - Preliminary data for November shows that US crude oil imports increased over the month to average 7.8 mb/d, up by 114 tb/d from the previous month and 413 tb/d from a year earlier. On a year-to-date b...
OECD Americas Oil Demand - November 2016
OECD Americas Oil Demand - November 2016 12/12/2016 - The latest US monthly data for August 2016 implied a solid y-o-y increase in oil requirements of around 0.34 mb/d, or 1.7%. The increase represents a return to growth after registered declines in July...
Energy’s Effects of Trump's US Presidential Victory
Energy’s Effects of Trump's US Presidential Victory 11/9/2016 - Republican Donald Trump has won the US presidential election in a surprise upset after polls had predicted a comfortable lead for his Democratic opponent, Hillary Clinton. ...
Big Oil Revels in Trump Victory
Big Oil Revels in Trump Victory 11/9/2016 - The U.S. energy industry reveled in Republican Donald Trump's presidential victory, expecting him to advocate for more oil and gas output and to cut red tape holding back billions of dollars of invest...
Key Drivers for 2017 Non-OPEC Supply Developments
Key Drivers for 2017 Non-OPEC Supply Developments 11/7/2016 - In the US, total liquids production is forecast to pick up only marginally by the beginning of 3Q17, with minor growth of 30 tb/d to average 13.43 mb/d, while it is expected to decline by 0.16 mb/d on...
US Oil Trade - September 2016
US Oil Trade - September 2016 9/29/2016 - Preliminary weekly data shows that US crude oil imports increased by 252 tb/d, or 3%, in August from the previous month to average 8.5 mb/d. Although the data remains preliminary, it shows that US cru...
OECD Americas Oil Demand - August 2016
OECD Americas Oil Demand - August 2016 9/6/2016 - US monthly oil demand remained on a positive upward trend in May, supported by the continuing lower oil price environment and in line with rising private household consumption. Increasing oil requirem...
US Oil Trade - August 2016
US Oil Trade - August 2016 8/25/2016 - In July, preliminary data shows that US crude oil imports increased to average 8.1 mb/d, up by 194 tb/d from last month and by 817 tb/d, or 11%, from last year. Y-t-d, US crude imports in July were 62...
US Oil Trade - July 2016
US Oil Trade - July 2016 7/21/2016 - In June, preliminary data shows that US crude oil imports increased by 322 tb/d from the previous month to average 8 mb/d. On an annual basis, US crude imports were up 650 tb/d from a year earlier. ...
Drilled but Uncompleted Wells (DUCs) - July 2016
Drilled but Uncompleted Wells (DUCs) - July 2016 7/18/2016 - At the end of 2015, there were a total of 4,290 DUCs in the US, with almost 30% of these in the Bakken and Permian Basin. Most Bakken shale drillers are anticipated to start completing their DUCs when...
OECD Americas Oil Demand - June 2016
OECD Americas Oil Demand - June 2016 6/27/2016 - US oil demand, mainly supported by rising gasoline requirements, came up strong in March 2016, recording the highest monthly y-o-y growth since August 2015, at 0.4 mb/d or 2.0%. To a large extent, thi...
US Oil Trade - May 2016
US Oil Trade - May 2016 5/17/2016 - In April, preliminary data shows that US crude oil imports averaged 7.8 mb/d, broadly unchanged from last month and up by 606 tb/d from last year. On a y-t-d basis, US crude imports in April were 579 ...

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