June 2, 2022
Via: Manufacturing TomorrowAccording to the Energy Information Administration (EIA) , US gasoline and diesel prices are expected to be at their the highest this summer since 2014. These rising costs are adding additional pressure to manufacturers, and risk halting production as businesses […]
February 8, 2022
Via: Transport TopicsU.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to boost drilling. Oil output will average 12.6 million barrels a day in 2023, an increase from its previous estimate of […]
October 7, 2021
Via: Transport TopicsU.S. inventories of distillates — used as diesel for both transportation and heating oil — are enough to meet just 31.2 days of demand, according to the Energy Information Administration. That’s the tightest it has been for this time of […]
November 18, 2020
Via: Transport TopicsCrude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build. Futures in New York climbed as much as 2.5% on Nov. 18 in sympathy with broader markets, as […]
December 12, 2018
Via: Industry WeekThe U.S. government left its forecast for domestic crude production unchanged for 2019 even with prices averaging almost $11 a barrel lower than its previous estimate. Oil producers will pump an average 12.06 million barrels a day next year, up […]
July 9, 2024
June 25, 2024
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