Posted in: Blog, Recent News - August 3rd, 2021
Source: U.S. Energy Information Administration, Monthly Energy Review and State Energy Data System Energy intensity—calculated as total energy consumption divided by real gross domestic product (GDP)—is a common energy indicator and efficiency measure. In 2020, U.S. energy intensity reached a low of 5.05 thousand British thermal units (Btu) per chained 2012 dollar, down 4% from the previous year and less than […]
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Posted in: Blog, Recent News - August 3rd, 2021
OPEC+ agrees to crude oil production increases, but Brent crude oil prices remain high Source: Graph by the U.S. Energy Information Administration, based on data from Bloomberg On July 18, OPEC+ agreed to increase monthly crude oil production starting in August 2021. OPEC+ includes most members of OPEC and several non-OPEC members (including Russia). On July 19, […]
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Posted in: Blog, Recent News - August 2nd, 2021
Crude oil Monthly average crude oil prices increased in all sales categories in May. The average domestic crude oil first purchase price rose $2.93 (4.9%) to $62.80 per barrel. The average free-on-board (f.o.b.) cost of imported crude oil climbed $3.09 (5.4%) to $60.63 per barrel. The average landed cost of foreign crude oil increased $2.43 […]
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Posted in: Blog, Recent News - July 30th, 2021
May 2021 Import Highlights Monthly data on the origins of crude oil imports in May 2021 show that one country, Canada, exported more than one million barrels per day to the United States (see table below). The top five exporting countries accounted for 84% of United States crude oil imports in May while the top […]
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