Ever since Canada’s Liberal government came to power in late 2015, the 525,000 b/d Northern Gateway and the 1.1 million b/d Energy East pipeline projects fell off the radar, while a final investment decision remains due on the 870,000 b/d Keystone XL pipeline, which received a fresh lease of life after US President Donald Trump resurrected it last year.
(Fri, 25 May 2018) Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last yearâs price of $2.40/gal before the holiday weekend. This year marks the highest price ahead of the Memorial Day weekend since 2014, when the national average price of regular gasoline was $3.67/gal.
Since January S&P Global Platts quality differentials for the gangue elements such as
(Thu, 24 May 2018) More than half of all U.S. motor gasoline exports went to Mexico in 2017. Changes to Mexicoâs retail gasoline and diesel fuel markets, combined with low utilization of Mexicoâs petroleum refineries, resulted in increased gasoline imports from the United States. Although Mexico is a relatively large crude oil producer, Mexico relies on imports of gasoline from the United States to meet domestic demand.
(Thu, 24 May 2018) Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and to the United States. Substantial natural gas discoveries have generated significant interest among business investors and may potentially boost production and allow Egypt to become a net exporter again in the medium term.
(Wed, 23 May 2018) In December 2017, the passage of Public Law 115-97 required the Secretary of the Interior to establish and administer a competitive oil and natural gas program for the leasing, development, production, and transportation of oil and natural gas in and from the Coastal Plain (Section 1002 Area) of the Arctic National Wildlife Refuge (ANWR). Previously, ANWR was effectively under a drilling moratorium.
(Wed, 23 May 2018) Canada is the largest energy trading partner of the United States, based on the combined value of energy exports and imports. Although the value of bilateral energy trade with Canada has varied over the past decade, driven primarily by changes in the prices of oil and natural gas, the overall structure of bilateral energy trade flows has changed relatively little, with the value of U.S. energy imports from Canada consistently exceeding the value of U.S. energy exports to Canada by a large margin.
(Tue, 22 May 2018) Electrified vehicles (hybrid electric, plug-in hybrid electric, and battery electric) have been sold as high fuel economy alternatives to conventional gasoline vehicles for a number of years but collectively have been slow to gain market share in the United States.
As global crude oil has hit the $80/b mark, the industry is now wondering if there is a magic price that would jump-start the offshore sector which is lagging an otherwise steadily recovering oil patch.
(Mon, 21 May 2018) The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and the world's top producer of petroleum hydrocarbons since 2013, when U.S. production exceeded Saudi Arabiaâs. Since 2008, U.S. petroleum and natural gas production has increased by nearly 60%.
