Industry News



Industry Headlines
Jun 19, 2024
North America added 13 rigs week on week, according to Baker Hughes' latest rotary rig count.
Jun 19, 2024
The U.S. Energy Information Administration lowered its West Texas Intermediate oil price forecast in its latest short term energy outlook.
Jun 19, 2024
Dryad Global highlighted that two vessels were recently hit in the Red Sea region - the M/V Tutor and the M/V Verbena.
Jun 18, 2024
Oil rose to the highest in more than a month as risk-on sentiment bolsters broader global markets.
Jun 17, 2024
Oil climbed, building on its biggest weekly advance since early April and extending a short-covering rally, helped by risk-on sentiment in broader markets.
Today in Energy
Jun 18, 2024
Operable atmospheric crude oil distillation capacity, our primary measure of refinery capacity in the United States, increased by 2%, or 324,000 barrels per day (b/d), in 2023, according to our recently published Refinery Capacity Report.
Jun 17, 2024
Use of the coal fleet in PJM, the country's largest wholesale electricity market, has fallen over the last decade, driven largely by higher relative fuel costs. Much of the competitive pressure has come from the significant build out of efficient natural …
Jun 14, 2024
On June 11, the Federal Energy Regulatory Commission (FERC) authorized the Mountain Valley Pipeline (MVP) to begin operations. MVP, 303 miles long, can move up to 2.0 billion cubic feet per day (Bcf/d) of natural gas from Wetzel County, West Virginia, to …
Jun 13, 2024
This summer —June through August —we expect that residential customers' monthly electricity bills will average $173 in the United States, slightly higher than last summer's average of $168. We expect that more electricity consumption, resulting from our a…
Jun 12, 2024
Beginning with this month's Short-Term Energy Outlook (STEO), we are including new regional crude oil and natural gas production forecasts to provide a more complete breakout of U.S. Lower 48 (L48) states production data.