U.S. crude oil and natural gas production increased in 2017, with fewer wells
The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000...
U.S. crude oil imports from Saudi Arabia and Iraq recently increased, but may decline soon
U.S. crude oil imports from Saudi Arabia and Iraq, two of the United States’ main sources for imported crude oil, have risen since...
Crude oil prices expected to increase slightly through 2017 and 2018
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2017 Note: Confidence interval derived from options...
U.S. oil and natural gas proved reserves declined in 2015 because of lower prices
U.S. crude oil proved reserves declined 4.7 billion barrels (11.8%) from their year-end 2014 levels to 35.2 billion barrels at year-end...
U.S. energy production, consumption has changed significantly since 1908
On Tuesday, the Cleveland Indians are set to host the Chicago Cubs in game six of the 2016 Major League Baseball World Series. In the 68...
Short positions in U.S. crude oil futures held by producers, merchants at nine-year high
Short positions in West Texas Intermediate (WTI) crude oil futures contracts held by producers or merchants totaled more than 540,000...
U.S. oil companies closer to balancing capital investment with operating cash flow
Although the crude oil price decline since 2014 has led to significant reductions in operating cash flow for U.S. oil companies, their...
EIA projects rise in U.S. crude oil and other liquid fuels production beyond 2017
The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to crude oil...
