May 2018 Short-Term Energy Outlook
|
|
- Augustus Hancock
- 6 years ago
- Views:
Transcription
1 May 2018 for Williston Basin Petroleum Conference Bismarck, N.D. by Dr. Linda Capuano Administrator U.S. Energy Information Administration Independent Statistics & Analysis
2 Brent crude oil prices are forecast to average about $71/b in 2018 and $66/b in 2019, with WTI prices $5/b lower in both years Crude oil spot price dollars per barrel forecast Annual Energy Outlook ($100/b) Brent crude oil WTI crude oil 0 price difference Source: EIA, May 2018, EIA Annual Energy Outlook 2018, and Thomson Reuters
3 Various events could lead to physical changes to global supply or demand that could push future crude oil prices higher or lower than in the current STEO forecast Potential Events Reduction in Iranian oil production because of renewed sanctions Increase Prices Venezuela s oil production declines faster than expected U.S. crude oil production rises more slowly than expected Major geopolitical or weather related unanticipated supply disruption U.S. crude oil production continues to increase faster than expected Decrease Prices Weaker than expected economic and oil demand growth OPEC increases production in 2019 following expiration of the supply reduction agreement Removal of price subsidies creates greater price sensitivity, reducing demand 3
4 EIA has four main reports estimating domestic crude oil production Petroleum Supply Monthly Survey Data (PSM) Weekly Petroleum Status Report (WPSR) (STEO) Drilling Productivity Report (DPR) 4
5 Main sources of monthly oil and natural gas data are the EIA-914 survey and state administrative data EIA-914 survey requires roughly 375 operators, representing a minimum of 85% of production, to report state-level oil and natural gas production Data is report individually for 15 states (AR, CA, CO, KS, LA, MT, NM, ND, OH, OK, PA, TX, UT, WV, WY), the Federal GOM, and an other states group excluding AK Responses due 40 days after the close of the production month. Published monthly 60 days after the close of the production month. EIA forecasts are benchmarked to this data State agencies also collect and release state-level data, plus well or lease level production data Available 45 days to 2 years (or more) after close of the production month EIA uses this data for analysis of decline rates and sub-state production rates (e.g., how Eagle Ford differs from Permian within Texas) 5
6 Forecasts improved with expanded EIA-914 survey in 2015 because revisions to historical data dropped to generally less than half a percent % difference between PSM with first EIA-914 data and most recent data in the PSM 4% 2% Expanded EIA-914 survey began January % -2% -4% -6% Expanded data became available August 2015 Source: U.S. Energy Information Administration Petroleum Supply Monthly (PSM). EIA-914 FAQs 6
7 Monthly average FracFocus well completion filings have substantially greater variation than production data U.S. reported completions and recompletions filings Jan-15 Jan-16 Jan-17 Jan-18 U.S. Weekly Reported Fracs 5wk Average Percent change month over month 100% 80% 60% 40% 20% 0% -20% -40% Jan-15 Jan-16 Jan-17 Jan-18 m/m change Source: FracFocus weekly reported completion and recompletion filings 7
8 Sample timeline of PSM and STEO oil and natural gas production data reporting and releases January February March April January 1-31 Oil and natural gas is produced March 12 Operator reports are due for January production EIA-914 survey 40 days after the last day of the production month March 30 EIA releases January production in the Petroleum Supply Monthly (PSM) Last day of the month April 11 EIA monthly forecast with January data is released in the Short-Term Energy Outlook (STEO) First Tuesday after the first Thursday of the month March PSM (data through Jan) February and March estimates 8
9 Global oil markets are expected to be relatively balanced in 2018, with some inventory growth expected in 2019, putting modest downward pressure on oil prices Global liquid fuels market balance million barrels per day forecast world production world consumption Q Q Q Q Q Q Q1 2 1 implied stock build 0-1 implied stock draw -2 Source: EIA, May
10 Global oil supply growth is forecast to increase in compared with , the United States and Canada are key drivers of the increase Annual change in total liquid fuels production million barrels per day OPEC Countries North America Eurasia Latin America Other Non-OPEC World Source: EIA, May
11 Crude oil and hydrocarbon gas liquids (HGL) production growth particularly of ethane and propane support total U.S. liquids production growth in U.S. total liquid fuels production million barrels per day Components of annual change million barrels per day total production Source: EIA, May fuel ethanol & biodiesel HGL (ethane, propane, butane, pentanes) crude oil (net change)
12 Strong HGL consumption growth contributes to an expected increase in U.S. liquid fuels consumption growth in 2018 U.S. total liquid fuels consumption million barrels per day total consumption Components of annual change million barrels per day Source: EIA, May distillate fuel HGL (ethane, propane, butane, pentanes) gasoline other (net change)
13 With strong expected growth in crude oil production and high levels of refinery runs, EIA forecasts that net imports of petroleum will continue to decline U.S. total crude oil and petroleum product trade million barrels per day gross imports gross exports Jan-05 Jun-05 Nov-05 Apr-06 Sep-06 Feb-07 Jul-07 Dec-07 May-08 Oct-08 Mar-09 Aug-09 Jan-10 Jun-10 Nov-10 Apr-11 Sep-11 Feb-12 Jul-12 Dec-12 May-13 Oct-13 Mar-14 Aug-14 Jan-15 Jun-15 Nov-15 Apr-16 Sep-16 Feb-17 Jul-17 Dec-17 May-18 Oct-18 Mar-19 Aug-19 Source: EIA, May 2018 and EIA Petroleum Supply Monthly. forecast net imports 13
14 Henry Hub prices are forecast to average $3.01/MMBtu in 2018 and $3.11/MMBtu in 2019 Henry Hub natural gas price dollars per million British thermal units historical Henry Hub spot price STEO forecast Source: EIA, May 2018, and Thomson Reuters. 14
15 EIA forecasts marketed natural gas production to grow by a record 7.4 Bcf/d on average in 2018 U.S. marketed natural gas production billion cubic feet per day total production Source: EIA, May Components of annual change billion cubic feet per day Haynesville Permian Appalachia other (net change)
16 The regular-grade gasoline retail price forecast averages $2.90 per gallon in summer 2018 compared with $2.41 per gallon last summer Regular-grade gasoline retail price dollars per gallon Avg. $ Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Source:, May Brent crude oil price (summer avg) Wholesale gasoline - crude oil price difference (summer avg) Retail - wholesale gasoline price difference (summer avg) Monthly retail price 2016 Avg. $ Avg. $ Forecast Avg. $
17 Household transportation expenditures in 2018 are projected to be higher than last year but similar to the average expenditures over the past decade Average annual household expenditures on gasoline and motor oil dollars $3,000 $2,500 forecast $2,000 $1,500 All consumer units $1,000 $500 $ Source: U.S. Bureau of Labor Statistics, Consumer Expenditure Survey; EIA, May
18 For more information Petroleum Supply Monthly EIA-914 survey expansion and Weekly Petroleum Status Report Drilling Productivity Report Webinar STEO 11/16/ Webinar WPSR 1/29/ or 18
For Region 5 and Region 7 Regional Response Teams Meeting April 22, 2015 St. Charles, Missouri via video/teleconference
For Region 5 and Region 7 Regional Response Teams Meeting St. Charles, Missouri via video/teleconference By Grant Nülle, Upstream Oil & Gas Economist, Exploration and Production Analysis Team U.S. Energy
More informationENERGY SLIDESHOW. Federal Reserve Bank of Dallas
ENERGY SLIDESHOW Updated: January 16, 2019 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 120 100 Brent (Jan 11 = $58.64) WTI (Jan 11 = $50.78)
More informationENERGY SLIDESHOW. Federal Reserve Bank of Dallas
ENERGY SLIDESHOW Updated: March 13, 2018 ENERGY PRICES www.dallasfed.org/research/energy Brent & WTI & Crude Brent Oil Crude Oil Dollars per barrel 140 Brent (Mar 9 = $65.12) WTI (Mar 9 = $61.65) 120 100
More informationEnergy Outlook. U.S. Energy Information Administration. For EnerCom Dallas February 22, 2018 Dallas, TX
Energy Outlook For EnerCom Dallas Dallas, TX Jeff Barron Industry Economist, U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
More informationImplications of the U.S. Shale Revolution
Implications of the U.S. Shale Revolution For October 17, 214 Chicago, Illinois By Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration Independent
More informationEmerging Trends in Petroleum Markets
Emerging Trends in Petroleum Markets For Defense Logistics Agency, Worldwide Energy Conference Washington, D.C. By T. Mason Hamilton, Petroleum Markets Analyst U.S. Energy Information Administration Independent
More informationA summary of national and global energy indicators. FEDERAL RESERVE BANK of KANSAS CITY
THE U.S. Energy DATABOOK A summary of national and global energy indicators JULY 1, 17 FEDERAL RESERVE BANK of KANSAS CITY SUMMARY OF CURRENT ENERGY CONDITIONS The number of total active drilling rigs
More informationDiesel prices finally ease Winter weather and international events could determine your fuel bill for 2018 By Bryce Knorr, senior grain market analyst
Diesel prices finally ease Winter weather and international events could determine your fuel bill for 2018 By Bryce Knorr, senior grain market analyst After rallying to their highest level in nearly three
More information2017 Risk and Profit Conference Breakout Session Presenters. 13. Ethanol and Biodiesel Market and Profitability Prospects
2017 Risk and Profit Conference Breakout Session Presenters 13. Ethanol and Biodiesel Market and Profitability Prospects Dan O Brien Daniel O Brien was raised on a grain and livestock
More informationMacroeconomic Outlook. Presented by Dr. Bruce A. Scherr Chairman of the Board Chief Executive Officer Emeritus
Macroeconomic Outlook Presented by Dr. Bruce A. Scherr Chairman of the Board Chief Executive Officer Emeritus Waterways Symposium Cincinnati, OH November 15-17, 2016 Topics Energy Macro Implications Inflation
More informationOutlook for Franchised New Car Dealers
1 Outlook for Franchised New Car Dealers Fourteenth Annual Automotive Outlook Symposium June 1, 2007 Paul Taylor, Ph.D., Chief Economist National Automobile Dealers Association, McLean, VA www.nada.org
More informationHigh fuel costs could last Diesel and propane may not get much cheaper in 2019 By Bryce Knorr, senior grain market analyst
High fuel costs could last Diesel and propane may not get much cheaper in 2019 By Bryce Knorr, senior grain market analyst In July I recommended using a dip in the energy market to lock in propane for
More informationThursday, March 6, 2014 Houston, TX. 8:30 9:40 a.m. AN ECONOMIST S-EYE VIEW OF THE ENERGY INDUSTRY: HYDROCARBON HAT TRICK
Thursday, March 6, 214 Houston, TX 8:3 9:4 a.m. AN ECONOMIST S-EYE VIEW OF THE ENERGY INDUSTRY: HYDROCARBON HAT TRICK Presented by Jesse Thompson Business Economist Federal Reserve Bank of Dallas, Houston
More informationVol. 42 No. 5 Published June 21, 2018 May 2018
Vol. No. 5 Published June 1, 018 May 018 EXECUTIVE SUMMARY Some headlines are timeless: The Washington Capitals, after years of frustration, win the Stanley Cup The Capitals Stanley Cup championship was
More informationPetroleum and Natural Gas Situation
Petroleum and Natural Gas Situation John C. Felmy Chief Economist and Director Statistics Department American Petroleum Institute Felmyj@api.org www.api.org www.gasolineandyou.org www.naturalgasfacts.org
More informationThe Economic Downturn Lessons on the Correlation between Economic Growth and Energy
The Economic Downturn Lessons on the Correlation between Economic Growth and Energy Demand presented to Indiana State Bar Association Utility Law Spring Seminar April 9, 2010 presented by Doug Gotham State
More informationTrends in U.S. crude oil and petroleum product exports
Trends in U.S. crude oil and petroleum product exports For ENERCOM Oil & Gas Conference August 21, 218 Denver, Colorado By T. Mason Hamilton, Petroleum Markets Analyst, Office of Energy Markets and Financial
More informationCommercial-in-Confidence Ashton Old Baths Financial Model - Detailed Cashflow
Year 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 2,038 2,922 4,089 4,349 6,256 7,124 8,885 8,885 8,885 8,885 8,885 8,885 9,107
More informationNational Routing Number Administration p-ani Activity and Projected Exhaust Report
National Routing Number Administration 2016 p-ani Activity and Projected Exhaust Report The ATIS Industry Numbering Committee developed the P-ANI Administration Guidelines, which contain the following
More informationThe Fuel and Vehicle Trends Report August 31, 2016
ISSN 1948-2388 The Fuel and Vehicle Trends Report August 31, 2016 This report is a summary of the latest fuel prices and other oil industry key statistics. In addition, this report provides the latest
More informationIt s time to start buying propane for fall Expect to pay more to dry 2017 corn crop By Bryce Knorr, senior grain market analyst
It s time to start buying propane for fall Expect to pay more to dry 2017 corn crop By Bryce Knorr, senior grain market analyst It s the end of winter hopefully and that means it s a good time to buy coats,
More informationThe Changing Relationship Between the Price of Crude Oil and the Price At the Pump
In 2007, what goes up, does not necessarily come down... May 3, 2007 The Changing Relationship Between the Price of Crude Oil and the Price At the Pump Prepared by: Tim Hamilton Petroleum Industry Consultant
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates For Internal Use Only. FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year
More informationCOMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*
COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun
More informationCopyright 2018 Renewable Energy Group, Inc. AFOA Biomass Based Diesel Market Trends
AFOA Biomass Based Diesel Market Trends Agenda Production Trends Modest and steady growth in biodiesel Potential Growth in RD, timeline is uncertain Co-processing volume yet to materialize Market Trends
More informationU.S. Classes 3-8 Used Trucks
Americas Commercial Transportation Research Co., LLC www.actresearch.net COMMERCIAL VEHICLES State of the Industry U.S. Classes 3-8 Used Trucks May 215 Data Published June 24, 215 Contributor to Blue Chip
More informationU.S. Rail Crude Oil Traffic
U.S. Rail Crude Oil Traffic Association of American Railroads November 215 Summary U.S. crude oil production has risen sharply in recent years, with much of the increased output moving by rail. In 28,
More informationOil and gas prices down off 2008 highs
Oil and gas prices down off 28 highs $ US$ per per barrel barrel US$ $ per thousand cubic feet 16 9 14 8 12 7 Natural gas (wellhead) 6 1 (Right) 5 8 4 6 3 4 2 Crude oil 2 (Left) 1 198 1985 199 1995 2 25
More informationRESEARCH & KNOWLEDGE MANAGEMENT. Oil & Gas Updates: US Shale Industry
RESEARCH & KNOWLEDGE MANAGEMENT FEBRUARY 218 Key highlights US crude oil and condensate proved reserves amounted to 35.2bln barrels (-12% YoY) in 215, based on the latest available data. The share of tight
More informationRevised July 17, 2017
Revised July 17, 2017 ISM Manufacturing Purchasing Managers Index (June 2016 June 2017) 66 64 62 60 58 56 54 52 50 48 46 Jun-16 Jul Aug Sept Oct Nov Dec Jan-17 Feb Mar Apr May Jun Purchasing Managers'
More informationEnergy Briefing: US Petroleum Products Supplied
Energy Briefing: US Petroleum Products Supplied December 29, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the
More informationStart covering fall fuel needs OPEC unity stabilizes oil market for now By Bryce Knorr, senior grain market analyst
Start covering fall fuel needs OPEC unity stabilizes oil market for now By Bryce Knorr, senior grain market analyst OPEC and its allies are a strange bunch. Iran hates Saudi Arabia as much as it dislikes
More informationU.S. Rail Crude Oil Traffic
U.S. Rail Crude Oil Traffic Association of American Railroads May 217 Summary U.S. crude oil production has risen sharply in recent years, with much of the increased output moving by rail. In 28, U.S.
More informationUS biofuel Indicators and a changing market dynamic
US biofuel Indicators and a changing market dynamic Seth Meyer AMIS October 1-2, 13, Rome Movement of Ag and Energy Ethanol production and capacity 16 35 Crude oil and maize prices 14 3 billion gallons
More informationWeekly Petroleum Status Report
DOE/EIA-0208(2015-34) Distribution Category UC-98 Data for Week Ended: August 14, 2015 Weekly Petroleum Status Report EIA DATA ARE AVAILABLE IN ELECTRONIC FORM The tables in the Weekly Petroleum Status
More informationBiofuels: Implications for Prices and Production. Darrel L. Good and Scott H. Irwin
Biofuels: Implications for Prices and Production Darrel L. Good and Scott H. Irwin Why Ethanol? Convert relatively abundant domestic sources of energy into a substitute for imported petroleum Energy Conversion
More informationBakken Investor Conference North Dakota Pipeline Authority Justin J. Kringstad April 25, Minot, ND. March 8,
Bakken Investor Conference North Dakota Pipeline Authority Justin J. Kringstad April 25, 2013 - Minot, ND March 8, 2013 1 April 22, 2013 187 Drilling Rigs North Dakota Pipeline Authority 2 ND Drilling
More informationGas & electricity - at a glance
$/barrel /tco 2 e p/therm /MWh Gas & electricity - at a glance Week-on-Week Annual Gas Price Changes Short-term gas contracts jump Cold snap forecast for the first half of February, lifting demand Longer-dated
More informationChanges to America s Gasoline Pool. Charles Kemp. May 17, Baker & O Brien, Inc. All rights reserved.
Changes to America s Gasoline Pool Charles Kemp May 17, 2016 Baker & O Brien, Inc. All rights reserved. Discussion Points Light Naphtha Definitions Sources and Uses of Light Naphtha Octane Challenges Tier
More informationPrices indeed dropped on Thursday, aided by a surprise increase in crude oil supplies caused by stronger imports.
Trump s war on OPEC Farm fuel prices resist President s attempt to jawbone cartel By Bryce Knorr, senior grain market analyst For a day or two, at least, it looked like President Trump s attempt to tweet
More informationNovember. Next release: 19 January Sep/AugOct/Sep Nov/Oct Dec 14 December Janu 19 January 2018 Sep/AugOct/Sep Nov/Oct 2017
Sep/AugOct/Sep Nov/Oct 2017 14 Dec 14 December 2017 19 Janu 19 January 2018 Sep/AugOct/Sep Nov/Oct 2017 Next release: 19 January 2018 NovembNovember November Monthly Oil Price Statistics TABLE OF CONTENTS
More informationMacro economic and Energy Factors Driving the Agricultural Outlook
Macro economic and Energy Factors Driving the Agricultural Outlook Michael Swanson Ph.D. Wells Fargo September 2013 Inter connected Markets Economic growth GDP, Population and Income Currency competition
More informationDecember. Next release: 13 February Oct/Sep Nov/Oct Dec/Nov Janu19 January Febru13 February 2018 Oct/Sep Nov/Oct Dec/Nov 2017
Oct/Sep Nov/Oct Dec/Nov 2017 19 Janu19 January 2018 13 Febru13 February 2018 Oct/Sep Nov/Oct Dec/Nov 2017 Next release: 13 February 2018 DecembDecember December TABLE OF CONTENTS Page Charts 1 Latest IEA
More informationFuel Focus. Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices. Issue 20, Volume 8
Fuel Focus Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices Issue 20, Volume 8 October 18, 2013 Copies of this publication may be obtained free of charge from: Natural Resources
More informationDiesel prices at multi-year highs mean pain at the pump
Diesel prices at multi-year highs mean pain at the pump Conflicting signals from Wall Street keep commodity prices unsettled By Bryce Knorr, senior grain market analyst Headline news this week provided
More informationELECTRIC VEHICLE MARKET UPDATE
16TH ANNUAL ENERGY FORECASTING MEETING / EFG AUSTIN, TX APRIL 26-28, 2018 ELECTRIC VEHICLE MARKET UPDATE MIKE RUSSO, ITRON, INC. MONTHLY U.S. EV SALES Source: Monthly Plug-in Sales Scorecard, Inside EVs.
More informationNorth American Storage and Transportation Trends
North American Storage and Transportation Trends Brian Busch Director, Oil Markets and Business Development www.genscape.com 2016 Genscape Incorporated. All rights reserved. What we do 2 Current State
More informationDrilling in North America s Low Oil Price Environment
Drilling in North America s Low Oil Price Environment AMM 8 th Steel Tube & Pipe Conference March 10, 2015 Nicole Leonard, Bentek Energy 2014 Platts, McGraw Hill Financial. All rights reserved. Key Takeaways
More informationRice Global E&C Forum August 9, 2013
Rice Global E&C Forum August 9, 2013 Midyear Forecast: July 1, 2013 Conglin Xu, Senior Editor-Economics Laura Bell, Statistics Editor Alan Petzet, Chief Editor-Exploration Forecast & Review: Jan. 7, 2013
More informationFuel Focus. National Overview. Recent Developments. In this Issue. Volume 11, Issue 13 June 24, 2016 ISSN
National Overview Fuel Focus Canadian Retail Gasoline Prices Remained the Same over the Last Two Weeks For the two-week period ending June 21, 16, the Canadian average retail gasoline price was $1.1 per
More information2007 AAEA Livestock Outlook Symposium
27 AAEA Livestock Outlook Symposium Ron Plain Professor of Agricultural Economics University of Missouri-Columbia www.ssu.missouri.edu/faculty/rplain Hog Price Outlook Production Efficiency 1 Head 9.5
More informationWeekly Fuel Monitor Update
May 1, 2006 DISTILLATES AND DIESEL UPDATE NYMEX heating oil futures settled higher Friday amid concerns about world supply disruptions given ongoing militant activity in Nigeria that is cutting into supplies
More information05/17/2011
RETAIL DIESEL FUEL OUTLOOK A Fundamental Petroleum Trends Weekly Report Lehi German Tel: 816.505.0980 www.fundamentalpetroleumtrends.com Tuesday, May 17, 2011 Diesel Fuel Price Trends U.S. retail diesel
More information2016 U.S. ETHANOL EXPORTS AND IMPORTS
2016 U.S. ETHANOL EXPORTS AND IMPORTS STATISTICAL SUMMARY Copyright 2017 Renewable Fuels Association. All Rights Reserved 2016 U.S. ETHANOL EXPORTS U.S. Ethanol Exports, 2006-2016 1,200 1,000 800 600 396
More informationMidwest Association of Rail Shippers
January 13, 2016 Midwest Association of Rail Shippers Lance Fritz Chairman and CEO Union Pacific 1 2015 Economic Results Consumer-driven growth 1 Consumer Spending 2 Light Vehicle Sales 3.6% 3.0% 3.0%
More informationCurtin Corner. Alan Langford. Chief Economist. Bankwest. 1st of September 2017
Curtin Corner 1st of September 2017 Alan Langford Chief Economist Bankwest 10 Real Gross State Product Growth 9 8 7 6 solid bars; WA actual sourced from ABS shaded bars; DAE WA forecasts solid line: actual
More informationEnd-use petroleum product prices and average crude oil import costs January 2010
January 21 International Energy Agency L'Agence internationale de l'énergie 9, rue de la Fédération, 75739 PARIS CEDEX 15 FRANCE prices@iea.org 18 e-mail: prices@iea.org 14 Petroleum products (USD/unit)
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared May 1, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.1% in, compared to
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared March 4, 2019 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 0.3% in January, compared
More informationWilliam Piel
Fuel Options Exist for Expanding Gasoline Supplies without processing additional Crude Oil? E1? E2? E8? ETBE? Which use of in Fuel Provides the Highest Market Value? Which use of results in the Most Non-Petroleum
More informationFOR IMMEDIATE RELEASE
Article No. 7761 Available on www.roymorgan.com Roy Morgan Unemployment Profile Monday, 8 October 2018 Unemployment down to 9.4% in September off two-year high Australian employment has grown solidly over
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared March 2, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 0.7% in, compared
More informationEnd-use petroleum product prices and average crude oil import costs March 2011
March 211 International Energy Agency L'Agence internationale de l'énergie 9, rue de la Fédération, 75739 PARIS CEDEX 15 FRANCE prices@iea.org 18 e-mail: prices@iea.org 14 Petroleum products (USD/unit)
More informationNEU Electric and Natural Gas Price Update
$ / MWH Jan-11 May-11 Sep-11 Sep-12 Jan-13 Electric: Short-Term Outlook The NYMEX Northern Illinois Hub 12-month forward price at the end of August 2016 for the September 2016 to August 2017 period was
More informationPOINTS TO COVER UNCONVENTIONAL OIL AND GAS AND THE SHALE REVOLUTION: GAME CHANGER 4/16/2014. If we don t screw it up! Context Implications Risks
UNCONVENTIONAL OIL AND GAS AND THE SHALE REVOLUTION: GAME CHANGER If we don t screw it up! POINTS TO COVER Context Implications Risks April 11 1 You can always count on Americans to do the right thing
More informationNJ Solar Market Update
NJ Solar Market Update April 16, 20 Renewable Energy Committee Meeting Trenton, NJ Prepared by Charlie Garrison Solar Installed Capacity Data The preliminary installed solar capacity as of 3/31/ is approximately
More informationEthanol and the Economics of Octane The Superior Solution
Ethanol and the Economics of Octane The Superior Solution Geoff Cooper Renewable Fuels Association October 20, 2017 Today s Presentation What is octane and why is it important? Options for boosting octane
More informationThe Supply of Oil. Projections to Oil and the Macroeconomy in a Changing World Federal Reserve Bank of Boston June 9, 2010 Boston, MA
The Supply of Oil Projections to 2035 Oil and the Macroeconomy in a Changing World Federal Reserve Bank of Boston June 9, 2010 Boston, MA Howard Gruenspecht, Deputy Administrator Near-term oil price uncertainty
More informationGlobal Monthly March 2019
Global Monthly March 19 Percent of world bonds outstanding 3 5 15 5 Jan-1 Jun-1 Nov-1 Apr-15 Sep-15 Feb-1 Jul-1 Dec-1 May-17 Oct-17 Mar-1 Aug-1 Dec-1 Mar-19 March 19 Percent, year-on-year 7 5 3 1 1Q1 1Q
More informationOil Markets into Peter Davies Chief Economist, BP plc British Institute of Energy Economics London. 24 January, 2006
Oil Markets into 26 Peter Davies Chief Economist, BP plc British Institute of Energy Economics London. 24 January, 26 Outline Oil and energy today How did we get to here? Prospects for 26 Into the medium
More informationPREVIEW FundamentalEdge Report October 2018
GLOBAL CRUDE OIL SUPPLY AND DEMAND PREVIEW FundamentalEdge Report October 2018 learn more at drillinginfo.com Key Takeaways This is a PREVIEW of a 20+ Page Report Global Crude Oil Supply and Demand is
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared June 1, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.1% in, matching the
More informationDave Carroll Capital Markets Day Markets Update
Dave Carroll Capital Markets Day 2004 Markets Update Tomkins Operates in Diverse End Markets Breakdown 2003 Sales ( 3,150m, US$4,795m) Non-Residential Construction 11% Other 9% Automotive OE 27% Residential
More informationEnergy Briefing: US Gasoline Weekly
Energy Briefing: US Gasoline Weekly February 16, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www.
More informationFuel Focus. Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices. Volume 10, Issue 4
Fuel Focus Understanding Gasoline Markets in Canada and Economic Drivers Influencing Prices Volume 1, Issue 4 March, Copies of this publication may be obtained free of charge from: Natural Resources Canada
More informationOCTANE THE NEW ECONOMICS OF. What Drives the Cost of Octane and Why Octane Costs Have Risen Since 2012 T. J. HIGGINS. A Report By:
THE NEW ECONOMICS OF OCTANE What Drives the Cost of Octane and Why Octane Costs Have Risen Since 2012 A Report By: T. J. HIGGINS Contents Foreword... 1 1. Executive Summary... 2 2. Tracking the Changing
More informationFOR IMMEDIATE RELEASE
Article No. 7845 Available on www.roymorgan.com Roy Morgan Unemployment Profile Friday, 18 January 2019 Unemployment in December is 9.7% and under-employment is 8.8% FOR IMMEDIATE RELEASE Australian unemployment
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared July 2, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.3% in, compared to
More informationQ Analyst Teleconference. 9 August 2018
9 August 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the
More informationWeekly Statistical Bulletin
API 1220 L Street, NW Washington, DC 20005 Weekly Statistical Bulletin STATISTICS DEPARTMENT Volume: 93 Number: 35 Week Ending: August 31, 2012 SUMMARY (In thousands of 42-gallon barrels per day, except
More informationMonthly Hog Market Update United States Hog Production
This information is provided as a resource by Saskatchewan Agriculture staff All prices are in Canadian dollars unless otherwise noted. Please use this information at your own risk. Monthly Hog Market
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared September 4, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.1% in, compared
More informationFOR IMMEDIATE RELEASE
Article No. 7353 Available on www.roymorgan.com Roy Morgan Unemployment Profile Wednesday, 11 October 2017 2.498 million Australians (18.9%) now unemployed or under-employed In September 1.202 million
More informationWhy gasoline prices are headed for $3.50 at the pump
April 18, 2006 The price spike in the Spring of 2006 Why gasoline prices are headed for $3.50 at the pump Commissioned By: The Foundation For Taxpayer and Consumer Rights 1750 Ocean Park Boulevard, Suite
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared August 1, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.3% in, matching
More informationDefining the Debate: Crude Oil Exports
Defining the Debate: Crude Oil Exports Trisha Curtis, Director of Research Upstream and Midstream Energy Policy Research Foundation, Inc. (EPRINC) Brookings Task Force February 28th, 214 About EPRINC www.eprinc.org
More informationU.S. Natural Gas Outlook The 3rd London Gas & LNG Forum September 26 and 27, 2016 The Rag Army & Navy Club London
U.S. Natural Gas Outlook The 3rd London Gas & LNG Forum September 26 and 27, 216 The Rag Army & Navy Club London Lucian Pugliaresi Energy Policy Research Foundation, Inc. Washington, DC 1 About EPRINC!
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared February 1, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.0% in, compared
More information, NAS!?r-s~~if.{" WOQi2AN PIGS: FINAt:. EST'IHATES (STATISTICAL,,,", BULLETIN.) NATIONAL ' AGRICULTURAL STATISTICS SERVICE,, ':-'-"'-'-,,
, NAS!?r-s~~if.{" WOQi2AN PIGS: FINAt:. EST'IHATES 1988-92. (STATISTICAL,,,", BULLETIN.) NATIONAL ' AGRICULTURAL STATISTICS SERVICE,, ':-'-"'-'-,, WASHINGTOH, DC. DEC 9 57P' ~ alii Association for Informat
More informationHotel Performance Outlook North Dakota Travel Industry Conference
Hotel Performance Outlook North Dakota Travel Industry Conference Kelsey Waite Business Development Executive, Destinations kwaite@str.com @Kelsey_STR 2017 STR, Inc. All Rights Reserved. Any reprint, use
More informationFOR IMMEDIATE RELEASE
Article No. 5842 Available on www.roymorgan.com Roy Morgan Unemployment Profile Thursday, 2 October 2014 Unemployment climbs to 9.9% in September as full-time work lowest since October 2011; 2.2 million
More informationFOR IMMEDIATE RELEASE
Article No. 7433 Available on www.roymorgan.com Roy Morgan Unemployment Profile Friday, 12 January 2018 2.6m Australians unemployed or under-employed in December The latest data for the Roy Morgan employment
More information2017 U.S. Ethanol Exports and Imports. Statistical Summary Renewable Fuels Association. All Rights Reserved.
2017 U.S. Ethanol Exports and Imports Statistical Summary 2018 Renewable Fuels Association. All Rights Reserved. 2017 U.S. ETHANOL EXPORTS Annual U.S. Ethanol Exports 1, 1, 1,000 800 600-1,367 1,193 1,169
More informationThe Changing composition of bunker fuels: Implications for refiners, traders, and shipping
Platts 4 th European Refining Markets Conference The Changing composition of bunker fuels: Implications for refiners, traders, and shipping Wade DeClaris, EVP Marine World Fuel Services Corp. Agenda: Role
More informationImpact of Rising Energy Costs on the Food System in Indonesia
Impact of Rising Energy Costs on the Food System in Indonesia Ronnie S. Natawidjaja, Ph.D. Center for Agricultural Policy an Agribusiness Studies Padjadjaran University The Pacific Food System Outlook
More informationEconomic and Financial Outlook
Economic and Financial Outlook Euro Area October 2017 Summary 1 2 3 4 Robust GDP growth in Euro Area, but subdued inflation Spanish GDP growth has stabilized at elevated rates Short View of France and
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared September 28, 2018 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 1.0% in, compared
More informationCREDIT UNION ESTIMATES
MONTHLY CREDIT UNION ESTIMATES Prepared November 1, 2017 by Credit Union National Association Economics and Statistics Department cuna.org/mcue Loans Credit union loans outstanding grew 0.7% in, compared
More informationThe impact of electric vehicle development on peak demand and the load curve under different scenarios of EV integration and recharging options
The impact of electric vehicle development on peak demand and the load curve under different scenarios of EV integration and recharging options Electricity demand in France: a paradigm shift Electricity
More informationGlobal Overview of Middle Distillates Supply and Demand ICE Market Forum Rotterdam, November 2012
Global Overview of Middle Distillates Supply and Demand ICE Market Forum Rotterdam, November 2012 About Petromatrix Based in Switzerland (city of Zug) Publishes a daily newsletter on oil markets Mix of
More information