National Library of Energy BETA

Sample records for oil production prices

  1. Low oil prices cut less into U.S. oil production

    U.S. Energy Information Administration (EIA) Indexed Site

    Low oil prices cut less into U.S. oil production U.S. crude oil production has been more resilient to lower oil prices since mid-2014 than many had expected. In its new forecast, the U.S. Energy Information Administration estimates domestic oil production averaged 9.6 million barrels per day in May the highest monthly output since 1972 despite a 60% drop in the number of rigs drilling for oil since last October. Output is up because producers are completing wells already drilled and those wells

  2. Accelerated Depletion: Assessing Its Impacts on Domestic Oil and Natural Gas Prices and Production

    Reports and Publications (EIA)

    2000-01-01

    Analysis of the potential impacts of accelerated depletion on domestic oil and natural gas prices and production.

  3. Spot Prices for Crude Oil and Petroleum Products

    U.S. Energy Information Administration (EIA) Indexed Site

    Spot Prices (Crude Oil in Dollars per Barrel, Products in Dollars per Gallon) Period: Daily Weekly Monthly Annual Download Series History Download Series History Definitions, Sources & Notes Definitions, Sources & Notes Product by Area 08/30/16 08/31/16 09/01/16 09/02/16 09/05/16 09/06/16 View History Crude Oil WTI - Cushing, Oklahoma 46.32 44.68 43.17 44.39 44.39 44.85 1986-2016 Brent - Europe 47.94 47.94 45.05 45.96 46.72 46.21 1987-2016 Conventional Gasoline New York Harbor, Regular

  4. World Oil Prices and Production Trends in AEO2008 (released in AEO2008)

    Reports and Publications (EIA)

    2008-01-01

    Annual Energy Outlook 2008 (AEO) defines the world oil price as the price of light, low-sulfur crude oil delivered in Cushing, Oklahoma. Since 2003, both "above ground" and "below ground" factors have contributed to a sustained rise in nominal world oil prices, from $31 per barrel in 2003 to $69 per barrel in 2007. The AEO2008 reference case outlook for world oil prices is higher than in the AEO2007 reference case. The main reasons for the adoption of a higher reference case price outlook include continued significant expansion of world demand for liquids, particularly in non-OECD (Organization for Economic Cooperation and Development) countries, which include China and India; the rising costs of conventional non-OPEC (Organization of the Petroleum Exporting Countries) supply and unconventional liquids production; limited growth in non-OPEC supplies despite higher oil prices; and the inability or unwillingness of OPEC member countries to increase conventional crude oil production to levels that would be required for maintaining price stability. The Energy Information Administration will continue to monitor world oil price trends and may need to make further adjustments in future AEOs.

  5. World Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    World Crude Oil Prices (Dollars per Barrel) The data on this page are no longer available.

  6. World Oil Prices and Production Trends in AEO2009 (released in AEO2009)

    Reports and Publications (EIA)

    2009-01-01

    The oil prices reported in Annual Energy Outlook 2009 (AEO) represent the price of light, low-sulfur crude oil in 2007 dollars. Projections of future supply and demand are made for "liquids," a term used to refer to those liquids that after processing and refining can be used interchangeably with petroleum products. In AEO2009, liquids include conventional petroleum liquids -- such as conventional crude oil and natural gas plant liquids -- in addition to unconventional liquids, such as biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

  7. EIS-0016: Cumulative Production/Consumption Effects of the Crude Oil Price Incentive Rulemakings, Programmatic

    Office of Energy Efficiency and Renewable Energy (EERE)

    The U.S. Department of Energy prepared this Final Statement to FEA-FES-77-7 to assess the environmental and socioeconomic implications of a rulemaking on crude oil pricing incentives as pertains to the full range of oil production technologies (present as well as anticipated.)

  8. Residential heating oil price

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 7.6 cents from a week ago to $2.97 per gallon. That's down $1.05 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.94 per gallon, down 6.7 cents from last week, and down $1.07

  9. Residential heating oil price

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 6.3 cents from a week ago to $2.91 per gallon. That's down $1.10 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.88 per gallon, down 6.8 cents from last week, and down $1.13

  10. Residential heating oil price

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 7.5 cents from a week ago to $2.84 per gallon. That's down $1.22 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.80 per gallon, down 7.4 cents from last week, and down $1.23

  11. Residential heating oil price

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 4.1 cents from a week ago to $2.89 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.84 per gallon, down 5.4 cents from last week

  12. Residential heating oil price

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 3.6 cents from a week ago to $3.04 per gallon. That's down 99.4 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.01 per gallon, down 3.6 cents from last week, and down $1.01

  13. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Information AdministrationPetroleum Marketing Annual 2001 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  14. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Information AdministrationPetroleum Marketing Annual 1998 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  15. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Information AdministrationPetroleum Marketing Annual 1999 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  16. Spot Prices for Crude Oil and Petroleum Products

    U.S. Energy Information Administration (EIA) Indexed Site

    Crude Oil WTI - Cushing, Oklahoma 31.32 34.43 37.69 38.32 39.18 36.82 1986-2016 Brent - Europe 33.12 36.28 39.30 38.50 39.19 37.0 1987-2016 Conventional Gasoline New York Harbor, ...

  17. Crude Oil Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    20.86 20.67 20.47 20.24 20.32 19.57 See footnotes at end of table. 21. Domestic Crude Oil First Purchase Prices Energy Information Administration Petroleum Marketing Annual...

  18. World Oil Prices and Production Trends in AEO2010 (released in AEO2010)

    Reports and Publications (EIA)

    2010-01-01

    In Annual Energy Outlook 2010, the price of light, low-sulfur (or "sweet") crude oil delivered at Cushing, Oklahoma, is tracked to represent movements in world oil prices. The Energy Information Administration makes projections of future supply and demand for "total liquids,"" which includes conventional petroleum liquids -- such as conventional crude oil, natural gas plant liquids, and refinery gain -- in addition to unconventional liquids, which include biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

  19. Residential heating oil prices available

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil prices available The average retail price for home heating oil is $2.41 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region currently average $2.35 per gallon. This is Marcela Rourk with EIA, in Washington.

  20. Oil prices in a new light

    SciTech Connect (OSTI)

    Fesharaki, F. )

    1994-05-01

    For a clear picture of how oil prices develop, the author steps away from the price levels to which the world is accustomed, and evaluates scientifically. What makes prices jump from one notch to another The move results from a political or economic shock or the perception of a particular position by the futures market and the media. The shock could range from a war or an assassination to a promise of cooperation among OPEC members (when believed by the market) or to speculation about another failure at an OPEC meeting. In the oil market, only a couple of factual figures can provide a floor to the price of oil. The cost of production of oil in the Gulf is around $2 to $3/bbl, and the cost of production of oil (capital and operating costs) in key non-OPEC areas is well under $10/bbl. With some adjustments for transport and quality, a price range of $13/bbl to $16/bbl would correspond to a reasonable sustainable floor price. The reason for prices above the floor price has been a continuous fear of oil supply interruptions. That fear kept prices above the floor price for many years. The fear factor has now almost fully disappeared. The market has gone through the drama of the Iranian Revolution, the Iran-Iraq war, the tanker war, the invasion of Kuwait, and the expulsions of the Iraqis. And still the oil flowed -- all the time. It has become abundantly clear that fears above the oil market were unjustified. Everyone needs to export oil, and oil will flow under the worst circumstances. The demise of the fear factor means that oil prices tend toward the floor price for a prolonged period.

  1. Residential heating oil prices available

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil prices available The average retail price for home heating oil is $3.52 per gallon. That's down 32.7 cents from a year ago, based on the U.S. Energy Information Administration's weekly residential heating fuel price survey. Heating oil prices in the New England region are at $3.48 per gallon, down 29.1 cents from a year ago. This is Marcela Rourk, with EIA, in Washington

  2. Oil Price Volatility

    U.S. Energy Information Administration (EIA) Indexed Site

    Speculation and Oil Price Volatility Robert J. Weiner Robert J. Weiner Professor of International Business, Public Policy & Professor of International Business, Public Policy & Public Administration, and International Affairs Public Administration, and International Affairs George Washington University; George Washington University; Membre Associ Membre Associ é é , GREEN, Universit , GREEN, Universit é é Laval Laval EIA Annual Conference Washington Washington 7 April 2009 7 April

  3. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price increases The average retail price for home heating oil rose 6-tenths of a cent from a week ago to $2.18 per gallon. That's down 79 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.13 per gallon, unchanged from last week, and down 88

  4. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to $2.16 per gallon. That's down 75 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.11 per gallon, down 2.8 cents from last week, and down 77

  5. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 5.1 cents from a week ago to $2.11 per gallon. That's down 72 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.05 per gallon, down 5.3 cents from last week, and down 75

  6. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 5 cents from a week ago to $2.06 per gallon. That's down 75 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.01 per gallon, down 4.1 cents from last week, and down 78

  7. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 1.8 cents from a week ago to $2.82 per gallon. That's down $1.36 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.79 per gallon, down 1.5 cents from last week, and down $1.34

  8. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price increases The average retail price for home heating oil rose 1.8 cents from a week ago to $2.08 per gallon. That's down 72 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.02 per gallon, up 3-tenths of a cent from last week, and down 76

  9. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to $2.80 per gallon. That's down $1.44 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.78 per gallon, down 1.2 cents from last week, and down $1.40

  10. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price increases The average retail price for home heating oil rose 1 cent from a week ago to $2.09 per gallon. That's down 82 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.02 per gallon, up 8-tenths of a cent from last week, and down 85

  11. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    Residential heating oil price increases The average retail price for home heating oil rose 1.1 cents from a week ago to $2.10 per gallon. That's down 94 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.04 per gallon, up 2.3 cents from last week, and down 95

  12. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    Residential heating oil price decreases The average retail price for home heating oil fell 9-tenths of a cent from a week ago to $2.09 per gallon. That's down $1.09 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.04 per gallon, down 1-tenth of a cent from last week, and down $1.11

  13. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    Residential heating oil price decreases The average retail price for home heating oil fell 5-tenths of a cent from a week ago to $2.09 per gallon. That's down $1.20 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.03 per gallon, down 9-tenths of a cent from last week, and down $1.22

  14. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    Residential heating oil price increases The average retail price for home heating oil rose 6-tenths of a cent from a week ago to $2.10 per gallon. That's down $1.11 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.04 per gallon, up 5-tenths of a cent from last week, and down $1.14

  15. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    Residential heating oil price increases The average retail price for home heating oil rose 2.6 cents from a week ago to $2.12 per gallon. That's down 91 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.06 per gallon, up 2.1 cents from last week, and down 94

  16. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    Residential heating oil price increases The average retail price for home heating oil rose 1 cent from a week ago to $2.13 per gallon. That's down 80 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.07 per gallon, up 9-tenths of a cent from last week, and down 83

  17. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 10.5 cents from a week ago to $2.93 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.90 per gallon, down 10.4 cents from last week. This is Marcela Rourk

  18. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 2.3 cents from a week ago to $2.38 per gallon. That's down 99 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.32 per gallon, down 3.1 cents from last week, and down $1.00

  19. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 1.5 cents from a week ago to $2.36 per gallon. That's down 97 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.31 per gallon, down 2-tenths of a cent from last week, and down 96

  20. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 3 cents from a week ago to $2.33 per gallon. That's down 89 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.28 per gallon, down 3.5 cents from last week, and down 9

  1. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 7.6 cents from a week ago to $2.26 per gallon. That's down 89 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.19 per gallon, down 8.9 cents from last week, and down 92

  2. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 4.5 cents from a week ago to $2.21 per gallon. That's down 87 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.15 per gallon, down 3.6 cents from last week, and down 89

  3. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 3.5 cents from a week ago to $2.18 per gallon. That's down 87 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.13 per gallon, down 2.2 cents from last week, and down 88

  4. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    5, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to $3.43 per gallon. That's down 39 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.38 per gallon, down 2.6 cents from last week, and down 38.7

  5. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    7, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 7.8 cents from a week ago to $3.14 per gallon. That's down 81.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.12 per gallon, down 6.5 cents from last week, and down 79.9

  6. Residential heating oil prices decline

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 2 cents from a week ago to $3.36 per gallon. That's down 52.5 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.31 per gallon, down 1.3 cents from last week, and down 52.6

  7. Residential heating oil prices decline

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 6.3 cents from a week ago to $3.08 per gallon. That's down 90.3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.05 per gallon, down 6.8 cents from last week, and down 91.6

  8. Residential heating oil prices decline

    U.S. Energy Information Administration (EIA) Indexed Site

    2, 2014 Residential heating oil prices decline The average retail price for home heating oil is $3.48 per gallon. That's down 4.5 cents from a week ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $3.43 per gallon, down 5.7 cents from last week. This is Amerine Woodyard

  9. Residential heating oil prices decrease

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil prices decrease The average retail price for home heating oil fell 1.7 cents from a week ago to $4.02 per gallon. That's up 1.7 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.01 per gallon, down 6-tenths of a cent from last week, and up 5.8

  10. Residential heating oil prices decrease

    U.S. Energy Information Administration (EIA) Indexed Site

    9, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 2.9 cents from a week ago to $3.45 per gallon. That's down 36.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.41 per gallon, down 3 cents from last week, and down 35

  11. Residential heating oil prices increase

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil prices increase The average retail price for home heating oil rose 5.4 cents from a week ago to $4.04 per gallon. That's up 4.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.02 per gallon, up 5.6 cents from last week, and up 8

  12. Residential heating oil prices increase

    U.S. Energy Information Administration (EIA) Indexed Site

    3, 2014 Residential heating oil prices increase The average retail price for home heating oil rose 4.4 cents from a week ago to $4.06 per gallon. That's up 4.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.03 per gallon, up 2.5 cents from last week, and up 6

  13. Residential heating oil prices increase

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil prices increase The average retail price for home heating oil rose 12 cents from a week ago to $4.18 per gallon. That's up 13 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.13 per gallon, up 9.8 cents from last week, and up 12.9 cents from a

  14. Residential heating oil prices increase

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil prices increase The average retail price for home heating oil rose 3.9 cents last week to $3.96 per gallon. That's down 2.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. The price for heating oil in the New England region averaged 3.92 per gallon, up 5.2 cents from last week, and 1.7

  15. Residential heating oil prices increase

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil prices increase The average retail price for home heating oil rose 2.9 cents from a week ago to $3.98 per gallon. That's up 6-tenths of a penny from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 3.96 per gallon, up 4.1 cents from last week, and up 4.8

  16. OPEC and lower oil prices: Impacts on production capacity, export refining, domestic demand and trade balances

    SciTech Connect (OSTI)

    Fesharaki, F.; Fridley, D.; Isaak, D.; Totto, L.; Wilson, T.

    1988-12-01

    The East-West Center has received a research grant from the US Department of Energy's Office of Policy, Planning, and Analysis to study the impact of lower oil prices on OPEC production capacity, on export refineries, and petroleum trade. The project was later extended to include balance-of-payments scenarios and impacts on OPEC domestic demand. As the study progressed, a number of preliminary presentations were made at the US Department of Energy in order to receive feedback from DOE officials and to refine the focus of our analysis. During one of the presentations on June 4, 1987, the then Director of Division of Oil and Gas, John Stanley-Miller, advised us to focus our work on the Persian Gulf countries, since these countries were of special interest to the United States Government. Since then, our team has visited Iran, the United Arab Emirates, and Saudi Arabia and obtained detailed information from other countries. The political turmoil in the Gulf, the Iran/Iraq war, and the active US military presence have all worked to delay the final submission of our report. Even in countries where the United States has close ties, access to information has been difficult. In most countries, even mundane information on petroleum issues are treated as national secrets. As a result of these difficulties, we requested a one-year no cost extension to the grant and submitted an Interim Report in May 1988. As part of our grant extension request, we proposed to undertake additional tasks which appear in this report. 20 figs., 21 tabs.

  17. The Availability and Price of Petroleum and Petroleum Products...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    oil producing countries in the Middle East and North Africa, amid low global surplus crude oil production capacity, has also lent support to crude oil prices. A framework...

  18. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 8 cents from a week ago to $3.21 per gallon. That's down 98.7 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.18 per gallon, down 8.1 cents from last week, and down 96.1 cents from a year ago. This is Marcela Rourk

  19. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 17.7 cents from a week ago to $3.03 per gallon. That's down $1.09 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $2.99 per gallon, down 18.2 cents from last week, and down $1.08 from a year ago. This is Marcela Rourk

  20. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 3.8 cents from a week ago to $3.33 per gallon. That's down 59.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.28 per gallon, down 3.7 cents from last week, and down 58.8 cents from a year ago. This is Marcela Rourk, with EIA, in Washington.

  1. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    6, 2014 Residential heating oil price decreases The average retail price for home heating oil rose 1.6 cents from a week ago to $4.24 per gallon. That's up 8.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.16 per gallon, up 6-tenths of a cent from last week, and up 3.9 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact

  2. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    4 Residential heating oil price decreases The average retail price for home heating oil fell 1.6 cents from a week ago to $3.42 per gallon. That's down 39.5 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.37 per gallon, down 1.2 cents from last week, and down 39.7 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact Marcela

  3. Residential heating oil price decreases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price decreases The average retail price for home heating oil fell 10.5 cents from a week ago to $3.22 per gallon. That's down 73.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.19 per gallon, down 9 cents from last week, and down 73.1 cents from a year ago. This is Marcela Rourk, with EIA, in Washington.

  4. Residential heating oil price increases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price increases The average retail price for home heating oil rose 11.2 cents from a week ago to $2.91 per gallon. That's down $1.33 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $2.87 per gallon, up 9.8 cents from last week, and down $1.29 from a year ago. This is Marcela Rourk with EIA, in Washington.

  5. Residential heating oil price increases

    U.S. Energy Information Administration (EIA) Indexed Site

    9, 2015 Residential heating oil price increases The average retail price for home heating oil rose 11.7 cents from a week ago to $3.03 per gallon. That's down $1.20 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $2.99 per gallon, up 12 cents from last week, and down $1.16 from a year ago. This is Marcela Rourk

  6. Residential heating oil price increases

    U.S. Energy Information Administration (EIA) Indexed Site

    5, 2015 Residential heating oil price increases The average retail price for home heating oil rose 14.7 cents from a week ago to $3.19 per gallon. That's down $1.06 from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $3.15 per gallon, up 15.9 cents from last week, and down $1.00 from a year ago. This is Marcela Rourk

  7. Residential heating oil price increases

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price increases The average retail price for home heating oil rose 10.3 cents from a week ago to $3.29 per gallon. That's down 93.7 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to $3.26 per gallon, up 10.4 cents from last week, and down 89.3 cents from a year ago. This is Marcela Rourk

  8. Residential heating oil prices decline

    U.S. Energy Information Administration (EIA) Indexed Site

    9, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 3.3 cents from a week ago to $3.38 per gallon. That's down 43.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to $3.33 per . gallon, down 3.5 cents from last week, and down 44.6 cents from a year ago

  9. Residential heating oil prices decrease

    U.S. Energy Information Administration (EIA) Indexed Site

    5, 2014 Residential heating oil prices decrease The average retail price for home heating oil fell 1.8 cents from a week ago to $4.00 per gallon. That's down 2-tenths of a cent from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.01 per gallon, down 8-tenths of a cent from last week, and up 4.4

  10. Residential heating oil prices increase

    U.S. Energy Information Administration (EIA) Indexed Site

    5, 2014 Residential heating oil prices increase The average retail price for home heating oil rose 6.5 cents from a week ago to $4.24 per gallon. That's up 14.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose to 4.17 per gallon, up 4.1 cents from last week, and up 13.4 cents from a year ago. This is Amerine Woodyard, with EIA, in Washington. For more information, contact Marcela

  11. Residential heating oil prices increase

    U.S. Energy Information Administration (EIA) Indexed Site

    4, 2013 Residential heating oil prices increase The average retail price for home heating oil rose 2.9 cents from last week to $3.92 per gallon. That's down 11 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. The price for heating oil in the New England region averaged 3.87 per gallon, up 2.5 cents from last week, but down 7.1 cents from a year earlier. This is Marlana Anderson

  12. The Availability and Price of Petroleum and Petroleum Products...

    Gasoline and Diesel Fuel Update (EIA)

    impact demand for petroleum products. Together with robust levels of current global crude oil production, and the potential for additional Iranian exports in 2016, oil prices...

  13. World Oil Price Cases (released in AEO2005)

    Reports and Publications (EIA)

    2005-01-01

    World oil prices in Annual Energy Outlook 2005 are set in an environment where the members of OPEC (Organization of the Petroleum Exporting Countries) are assumed to act as the dominant producers, with lower production costs than other supply regions or countries. Non-OPEC oil producers are assumed to behave competitively, producing as much oil as they can profitability extract at the market price for oil. As a result, the OPEC member countries will be able effectively to set the price of oil when they can act in concert by varying their aggregate production. Alternatively, OPEC members could target a fixed level of production and let the world market determine the price.

  14. Crude Oil and Gasoline Price Monitoring

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    What drives crude oil prices? July 12, 2016 | Washington, DC An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly price per barrel ...

  15. Appendix C: Price case comparisons

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    High oil price Low oil price Reference High oil price Low oil price Reference High oil price Production Crude oil and lease condensate ... 13.87 19.06 20.36...

  16. Improved oil refinery operations and cheaper crude oil to help reduce gasoline prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Improved oil refinery operations and cheaper crude oil to help reduce gasoline prices U.S. gasoline prices are expected to fall as more oil refineries come back on line and crude oil prices decline. In its new monthly forecast, the U.S. Energy Information Administration expects pump prices will average $3.38 a gallon during the second half of this year. That's down from the current weekly price of $3.50. A recovery in oil refinery fuel production, particularly from facilities that were temporary

  17. Price controls and international petroleum product prices

    SciTech Connect (OSTI)

    Deacon, R.T.; Mead, W.J.; Agarwal, V.B.

    1980-02-01

    The effects of Federal refined-product price controls upon the price of motor gasoline in the United States through 1977 are examined. A comparison of domestic and foreign gasoline prices is made, based on the prices of products actually moving in international trade. There is also an effort to ascribe US/foreign market price differentials to identifiable cost factors. Primary emphasis is on price comparisons at the wholesale level, although some retail comparisons are presented. The study also examines the extent to which product price controls are binding, and attempts to estimate what the price of motor gasoline would have been in the absence of controls. The time period under consideration is from 1969 through 1977, with primary focus on price relationships in 1970-1971 (just before US controls) and 1976-1977. The foreign-domestic comparisons are made with respect to four major US cities, namely, Boston, New York, New Orleans, and Los Angeles. 20 figures, 14 tables.

  18. Higher crude oil prices contribute to higher summer gasoline prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Higher crude oil prices contribute to higher summer gasoline prices The recent rise in crude oil prices will be passed on to consumers in the form of higher gasoline prices this summer but drivers will still find lower prices at the pump compared to what they paid last year. In its new monthly forecast, the U.S. Energy Information Administration said the retail price for regular-grade gasoline will average $2.27 per gallon this summer. That's 6 cents higher than previously forecast but still

  19. Crude Oil and Gasoline Price Monitoring

    U.S. Energy Information Administration (EIA) Indexed Site

    What drives crude oil prices? September 7, 2016 | Washington, DC An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly price per barrel (real 2010 dollars) imported refiner acquisition cost of crude oil WTI crude oil price 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 0 25 50 75 100 125 150 Crude oil prices react to a variety of geopolitical and economic events September 7, 2016 2 Low spare capacity Iraq invades Kuwait Saudis abandon swing

  20. Residential heating oil price virtually unchanged

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil price virtually unchanged The average retail price for home heating oil fell 1-tenth of a cent from a week ago to $2.13 per gallon. That's down 76 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.07 per gallon, down 2-tenths of a cent from last week, and down 78

  1. Residential heating oil prices virtually unchanged

    U.S. Energy Information Administration (EIA) Indexed Site

    9, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 7.2 cents from a week ago to $4.12 per gallon. That's up 9.4 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.07 per gallon, down 6.3 cents from last week, and up 9.4

  2. STEO January 2013 - world oil prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Gap between U.S. and world oil prices to be cut by more than half over next two years The current wide price gap between a key U.S. and a world benchmark crude oil is expected to narrow significantly over the next two years. The spot price for U.S. benchmark West Texas Intermediate crude oil, also known as WTI , averaged $94 a barrel in 2012. That's $18 less than North Sea Brent oil, which is a global benchmark crude that had an average price of $112 last year. The new monthly forecast from the

  3. Explaining EIA Crude Oil and Petroleum Product Price Data and Comparing with Other U.S. Government Data Sources, 2001 to 2010

    Reports and Publications (EIA)

    2012-01-01

    This article describes the sampling frames and basic data collection methods for petroleum price data reported by Energy Information Administration (EIA) and other Government agencies. In addition, it compares and contrasts annual average prices reported by EIA with comparable prices from the Bureau of Labor Statistics (BLS) CPI (Consumer Price Indexes) for the retail prices of residential No. 2 distillate, on-highway diesel fuel and motor gasoline (all grades.) Further, it compares refiner wholesale/resale prices for No. 2 fuel oil, No. 2 diesel fuel, motor gasoline (all grades,) kerosene-type jet fuel and residual fuel oil reported by EIA with comparable prices from the BLS PPI (Producer Price Index.) A discussion of the various crude oil prices and spot/futures prices published by EIA and other Government agencies is also included in the article.

  4. The oil price and non-OPEC supplies

    SciTech Connect (OSTI)

    Seymour, A.

    1991-01-01

    The design of any effective oil pricing policy by producers depends on a knowledge of the nature and complexity of supply responses. This book examines the development of non-OPEX oil reserves on a field-by-filed basis to determine how much of the increase in non-OPEC production could be attributable to the price shocks and how much was unambiguously due to decisions and developments that preceded the price shocks. Results are presented in eighteen case-studies of non-OPEC producers. This study will be of interest to economists and planners specializing in the upstream and to policy makers both in oil producing and consuming countries.

  5. Propagation of prices in the oil industry. [Monograph

    SciTech Connect (OSTI)

    Kisselgoff, A.

    1980-01-01

    The main thrust of this report is the development of a price record that would provide a basis for the identification of the areas of activity in the oil industry in which significant price changes have occurred, with expectation that this type of information could serve as a useful ingredient in the policy-making process. The study presents estimates of the selling price of a barrel of oil at three stages of operations of the industry - the wellhead, the refinery, and the end-use levels. Prices of individual classes of petroleum products at refineries and at the end-use level were also estimated. The price data are provided for benchmark years 1958, 1963, 1967, and 1972, as well as for 1973, 1974, 1975, and 1976 when crude oil prices rose considerably. The estimating procedure is briefly described in the study. The examination of the transmission of prices from market to market within the oil industry shows that the steep rise in 1973-1974 prices paid by end-users of petroleum products was due not only to the large increases in crude oil prices but also to the sizable increases in gross operating margins-labor costs, transportation, profits, etc. - at the refinery and distribution levels. In the post-embargo years of 1975 and 1976, prices continued to advance but at a slower pace. The refiners' gross margins in 1975, however, declined somewhat; they rose significantly above the 1974 level in 1976. The marketers' margins made further gains in 1975, but exhibited a decrease in 1976. The study includes a short discussion of the effects of rising oil prices in 1973-1976 on the profitability of the petroleum industry and the general price level.

  6. Lower crude oil prices to help push down gasoline pricesLower...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Lower crude oil prices to help push down gasoline prices Falling crude oil prices should lead to lower U.S. retail gasoline prices this year compared to last year. The U.S. Energy ...

  7. Crude Oil Prices Table 21. Domestic Crude Oil First Purchase...

    U.S. Energy Information Administration (EIA) Indexed Site

    Information Administration Petroleum Marketing Annual 1995 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  8. Product Guide Category Prices Volumes

    U.S. Energy Information Administration (EIA) Indexed Site

    Product Guide Category Prices Volumes Crude oil Refiner acqusistion cost 1,1A - Domestic first purchases 1 - from selected states 18 - by API gravity 20 - for selected crude streams 19 - Imports F.O.B. cost 1 - from selected states 21 - by API gravity 23 - for selected crude streams 26 - Landed costs 1 - from selected states 22 - by API gravity 24 - for selected crude streams 27 - Percentage by gravity band 25 - - Motor gasoline all sellers 28 - refiners 2,4,6,31 3,5,7,39,40 prime suppliers - 45

  9. ,"Domestic Crude Oil First Purchase Prices by Area"

    U.S. Energy Information Administration (EIA) Indexed Site

    "Back to Contents","Data 1: Domestic Crude Oil First Purchase Prices by Area" ...0050063","F0050743" "Date","U.S. Crude Oil First Purchase Price (Dollars per ...

  10. Fact Sheet: Gas Prices and Oil Consumption Would Increase Without...

    Energy Savers [EERE]

    Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Secretary of Energy Samuel W. Bodman and ...

  11. Energy & Financial Markets: What Drives Crude Oil Prices? - Energy

    U.S. Energy Information Administration (EIA) Indexed Site

    Information Administration Crudeoil - U.S. Energy Information Administration (EIA) U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Sources & Uses Petroleum & Other Liquids Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Natural Gas Exploration and reserves, storage, imports and exports, production, prices, sales. Electricity Sales, revenue and prices, power plants, fuel use, stocks,

  12. Economic Effects of High Oil Prices (released in AEO2006)

    Reports and Publications (EIA)

    2006-01-01

    The Annual Energy Outlook 2006 projections of future energy market conditions reflect the effects of oil prices on the macroeconomic variables that affect oil demand, in particular, and energy demand in general. The variables include real gross domestic product (GDP) growth, inflation, employment, exports and imports, and interest rates.

  13. Residential heating oil prices virtually unchanged

    U.S. Energy Information Administration (EIA) Indexed Site

    4 Residential heating oil prices virtually unchanged The average retail price for home heating oil rose 2-tenths of a cent from a week ago to $4.24 per gallon. That's up 8.2 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.16 per gallon, down 1.7 cents from last week, and up 3.2 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information,

  14. Residential heating oil prices virtually unchanged

    U.S. Energy Information Administration (EIA) Indexed Site

    0, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to $4.23 per gallon. That's up 5.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.15 per gallon, down 8-tenths of a cent from last week, and up 1.5 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact

  15. Residential heating oil prices virtually unchanged

    U.S. Energy Information Administration (EIA) Indexed Site

    5, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.6 cents from a week ago to $4.23 per gallon. That's up 14.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.15 per gallon, down 6-tenths of a cent from last week, and up 10.8

  16. Residential heating oil prices virtually unchanged

    U.S. Energy Information Administration (EIA) Indexed Site

    4 Residential heating oil price decreases The average retail price for home heating oil fell 3.1 cents from a week ago to $4.20 per gallon. That's up 13.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region fell to 4.14 per gallon, down 1.4 cents from last week, and up 11 cents from a year ago. This is Marcela Rourk, with EIA, in Washington. For more information, contact Marcela Rourk at

  17. Residential heating oil prices virtually unchanged

    U.S. Energy Information Administration (EIA) Indexed Site

    heating oil prices virtually unchanged The average retail price for home heating oil fell 4-tenths of a penny from a week ago to $3.95 per gallon. That's down 8-tenths of a penny from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region rose 3.92 per gallon, up 3-tenths of a cent from last week, and up 3 cents from a year ago

  18. Residential heating oil prices decline

    Gasoline and Diesel Fuel Update (EIA)

    propane price increase slightly The average retail price for propane is 2.41 per gallon, up 1-tenth of a cent from last week, based on the residential heating fuel survey by the ...

  19. Oil Production

    Energy Science and Technology Software Center (OSTI)

    1989-07-01

    A horizontal and slanted well model was developed and incorporated into BOAST, a black oil simulator, to predict the potential production rates for such wells. The HORIZONTAL/SLANTED WELL MODEL can be used to calculate the productivity index, based on the length and location of the wellbore within the block, for each reservoir grid block penetrated by the horizontal/slanted wellbore. The well model can be run under either pressure or rate constraints in which wellbore pressuresmore » can be calculated as an option of infinite-conductivity. The model can simulate the performance of multiple horizontal/slanted wells in any geometric combination within reservoirs.« less

  20. Relationship Between Crude Oil and Natural Gas Prices, The

    Reports and Publications (EIA)

    2006-01-01

    This paper examines the time series econometric relationship between the Henry Hub natural gas price and the West Texas Intermediate (WTI) crude oil price.

  1. Crude Oil and Gasoline Price Monitoring

    U.S. Energy Information Administration (EIA) Indexed Site

    Petroleum Product Price Formation September 7, 2016 | Washington, DC An analysis of the factors that influence product prices, with chart data updated monthly, quarterly and annually Gasoline spot prices 2 Sources: U.S. Energy Information Administration, Bloomberg L.P. September 7, 2016 dollars per gallon Chicago CBOB New York Harbor Conventional gasoline Gulf Coast Conventional gasoline Los Angeles CARBOB Northwest Europe gasoline Singapore gasoline 2002 2003 2004 2005 2006 2007 2008 2009 2010

  2. Microsoft Word - high-oil-price.doc

    Gasoline and Diesel Fuel Update (EIA)

    Short Term Energy Outlook 1 STEO Supplement: Why are oil prices so high? During most of the 1990s, the West Texas Intermediate (WTI) crude oil price averaged close to $20 per barrel, before plunging to almost $10 per barrel in late 1998 as a result of the Asian financial crisis slowing demand growth while extra supply from Iraq was entering the market for the first time since the Gulf War. Subsequently, as Organization of Petroleum Exporting Countries (OPEC) producers more closely adhered to a

  3. Table 22. Domestic Crude Oil First Purchase Prices for Selected...

    U.S. Energy Information Administration (EIA) Indexed Site

    Form EIA-182, "Domestic Crude Oil First Purchase Report." 22. Domestic Crude Oil First Purchase Prices for Selected Crude Streams 44 Energy Information Administration ...

  4. How much will low prices stimulate oil demand?

    U.S. Energy Information Administration (EIA) Indexed Site

    ... Information Administration, Petroleum Supply Monthly and Petroleum Marketing Monthly (as of September 2015) Oil & Money Conference | How Much Will Low Prices Stimulate Oil Demand? ...

  5. Fact Sheet: Gas Prices and Oil Consumption Would Increase Without...

    Energy Savers [EERE]

    Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels June 11, 2008 - 1:30pm Addthis Secretary ...

  6. Limit on Saudi Arabia's oil pricing policy: a short-run econometric-simulation model

    SciTech Connect (OSTI)

    Bagour, O.S.M.

    1985-01-01

    Absence of a unified OPEC policy is largely attributed to frequent Saudi Arabian pricing/production decisions to influence oil price changes. Such demonstrated ability in the past prompted many to attribute oil price current downward rigidity to Saudi Arabian unwillingness to increase production. Empirically, this study presents a simultaneous equations oil market model in a simulation setting to test this hypothesis and to predict future oil prices under specific assumptions. Major conclusions are: (1) contrary to popular belief the international oil industry rarely, if ever, operated competitively; (2) the sole association of oil price increases to the embargo of 1973 is an outright distortion of facts; (3) the roots of the so-called energy crisis lie in: (a) post-World War II West European reconstruction, (b) US industrial adjustments from a war to a consumer-oriented economy, (c) the continuously dwindling oil reserves in major industrial countries, and (d) the comparative advantage of location and cost-per-unit of the Middle Eastern oil; (4) barring further market institutionalizations, a per barrel price below $15 by the end of 1990 (in constant 1984 prices) is not unlikely; and (5) future Saudi Arabian pricing/production policies to exert downward pressures on prices could lead to price increases, if perceived to be permanent by the OPEC group excluding Saudi Arabia.

  7. Transmission Services Product Pricing Validation

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    and 09:00 PPT on the above effective date. On October 15, 2013, at 08:00 (PPT), Transmission Services will be updating the OASIS default product prices to reflect the 2014...

  8. Transmission Services Product Pricing Validation

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    and 12:00 PPT on the above effective date. On October 1, 2015, at 11:00 (PPT), Transmission Services will be updating the OASIS default product prices to reflect the 2016...

  9. World oil price behavior during oil supply disruptions: what can we learn from the past

    SciTech Connect (OSTI)

    Birdsall, T.H.

    1980-08-01

    The purpose of this paper is to: (1) examine how world oil prices have behaved during past oil supply disruptions, (2) attempt to understand why world oil prices have behaved during disruptions as they have, and (3) see what history foretells, if anything, for the behavior of world oil prices during future oil supply disruptions.

  10. The Impact of Ethanol Production on U.S. and Regional Gasoline Prices and on the Profitability of the U.S. Oil Refinery Industry

    SciTech Connect (OSTI)

    Du, Xiaodong; Hayes, Dermot J.

    2008-04-01

    This report details pooled regional time-series data and panel data estimation used to quantify the impact of monthly ethanol production on monthly retail regular gasoline prices.

  11. Energy & Financial Markets: What drives petroleum product prices - Energy

    U.S. Energy Information Administration (EIA) Indexed Site

    Information Administration Petprod - U.S. Energy Information Administration (EIA) U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Sources & Uses Petroleum & Other Liquids Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Natural Gas Exploration and reserves, storage, imports and exports, production, prices, sales. Electricity Sales, revenue and prices, power plants, fuel use, stocks,

  12. World Oil Prices in AEO2007 (released in AEO2007)

    Reports and Publications (EIA)

    2007-01-01

    Over the long term, the Annual Energy Outlook 2007 (AEO) projection for world oil prices -- defined as the average price of imported low-sulfur, light crude oil to U.S. refiners -- is similar to the AEO2006 projection. In the near term, however, AEO2007 projects prices that are $8 to $10 higher than those in AEO2006.

  13. U.S. gasoline price to continue falling through December on low oil prices

    U.S. Energy Information Administration (EIA) Indexed Site

    5 U.S. gasoline price to continue falling through December on low oil prices U.S. drivers will continue to see the effects of low crude oil prices as gasoline prices are expected to decline through the rest of this year. In its new forecast, the U.S. Energy Information Administration said the monthly retail price for regular-grade gasoline is expected to drop from a monthly average of $2.64 per gallon in August to $2.03 in December. The recent drop in the price of crude oil which currently

  14. U.S. oil production forecast update reflects lower rig count

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    U.S. oil production forecast update reflects lower rig count Lower oil prices and fewer rigs drilling for crude oil are expected to slow U.S. oil production growth this year and in ...

  15. Short-Term Energy Outlook Model Documentation: Petroleum Product Prices Module

    Reports and Publications (EIA)

    2015-01-01

    The petroleum products price module of the Short-Term Energy Outlook (STEO) model is designed to provide U.S. average wholesale and retail price forecasts for motor gasoline, diesel fuel, heating oil, and jet fuel.

  16. World Oil Prices in AEO2006 (released in AEO2006)

    Reports and Publications (EIA)

    2006-01-01

    World oil prices in the Annual Energy Outlook 2006 (AEO) reference case are substantially higher than those in the AEO2005 reference case. In the AEO2006 reference case, world crude oil prices, in terms of the average price of imported low-sulfur, light crude oil to U.S. refiners, decline from current levels to about $47 per barrel (2004 dollars) in 2014, then rise to $54 per barrel in 2025 and $57 per barrel in 2030. The price in 2025 is approximately $21 per barrel higher than the corresponding price projection in the AEO2005 reference case.

  17. Table 21. Domestic Crude Oil First Purchase Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Administration Petroleum Marketing Annual 1996 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  18. Table 21. Domestic Crude Oil First Purchase Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    AdministrationPetroleum Marketing Annual 1998 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  19. Table 21. Domestic Crude Oil First Purchase Prices

    U.S. Energy Information Administration (EIA) Indexed Site

    Administration Petroleum Marketing Annual 1995 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

  20. ,"Domestic Crude Oil First Purchase Prices by API Gravity"

    U.S. Energy Information Administration (EIA) Indexed Site

    API Gravity" ,"Click worksheet name or tab at bottom for data" ,"Worksheet ... Crude Oil First Purchase Prices by API Gravity",6,"Monthly","22016","10151993" ...

  1. Going Global: Tight Oil Production

    Gasoline and Diesel Fuel Update (EIA)

    GOING GLOBAL: TIGHT OIL PRODUCTION Leaping out of North America and onto the World Stage JULY 2014 GOING GLOBAL: TIGHT OIL PRODUCTION Jamie Webster, Senior Director Global Oil ...

  2. Sixth special price report: world petroleum-product prices

    SciTech Connect (OSTI)

    Not Available

    1984-01-11

    Twice annually, Energy Detente accesses its own twice-monthly supplement, the Fuel Price/Tax Series, for an overview of how prices and taxes for refined petroleum products from natural gas to asphalt for end-users are changing. In this issue, it also updates its review of individual nations' pricing as to controls or free-market practices. The front cover chart reveals that, in terms of US dollars, the world average price of regular leaded (RL) gasoline is US $1.63, and high-octane leaded is US $1.78 - a difference of about 9%. A table details RL retail prices, the taxes pertaining to them, the percentages that those taxes are of prices, plus the January 1983 prices and the price change in US dollars over the period. In terms of US dollars, most price changes since January 1983 appear negative - particularly in the cases of Bolivia, El Salvador, and Nicaragua. A view of actual market price changes in terms of national currencies is depicted in another table. The fuel price/tax series and the principal industrial fuel prices are presented for January 1984 for countries of the Eastern Hemisphere.

  3. Product Guide Product Guide Volumes Category Prices Table Crude...

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -- 49 Product Guide Volumes Category Prices Table Energy Information Administration Petroleum Marketing...

  4. Product Guide Product Guide Volumes Category Prices Table Crude...

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    suppliers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -- 49 Product Guide Volumes Category Prices Table Energy Information Administration Petroleum...

  5. Fact #742: August 27, 2012 Oil Price and Economic Growth | Department...

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    2: August 27, 2012 Oil Price and Economic Growth Fact 742: August 27, 2012 Oil Price and Economic Growth Major oil price shocks have disrupted world energy markets five times in ...

  6. Gas importers still resisting price parity with crude oil

    SciTech Connect (OSTI)

    Vielvoye, R.

    1981-02-23

    The pricing of natural gas on a parity with crude oil has become an important issue in the international energy market. A prime example of the hostility that can arise over this issue is the ongoing argument between the US and Algeria over the price of SONATRACH's LNG exports to El Paso Co. Because LNG shipping and regasification costs add substantially to its delivered (c.i.f.) cost, price parity at the point of export (f.o.b.) would put LNG's price far above that of crude oil or natural gas. Other LNG exporters, such as Indonesia and Libya, seem to be adopting Algeria's pricing stance. Most European LNG customers believe that if f.o.b. price parity - or even some of the c.i.f. price-calculation methods - becomes the established formula, LNG will be priced out of many industrial markets. Without the big contracts from industry, existing LNG projects might not be economical.

  7. Crude Oil Domestic Production

    U.S. Energy Information Administration (EIA) Indexed Site

    Data Series: Crude Oil Domestic Production Refinery Crude Oil Inputs Refinery Gross Inputs Refinery Operable Capacity (Calendar Day) Refinery Percent Operable Utilization Net Inputs of Motor Gasoline Blending Components Net Inputs of RBOB Blending Components Net Inputs of CBOB Blending Components Net Inputs of GTAB Blending Components Net Inputs of All Other Blending Components Net Inputs of Fuel Ethanol Net Production - Finished Motor Gasoline Net Production - Finished Motor Gasoline (Excl.

  8. Reminder: Transmission Services Product Pricing Validation -...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Teams Customer Training Interconnection Notices Rates Standards of Conduct Tariff TF Web Based Training Notice: Reminder: Transmission Services Product Pricing Validation This...

  9. Transmission Services Product Pricing Validation - September...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Teams Customer Training Interconnection Notices Rates Standards of Conduct Tariff TF Web Based Training Notice: Transmission Services Product Pricing Validation On October 1,...

  10. Forecasting Crude Oil Spot Price Using OECD Petroleum Inventory Levels

    Reports and Publications (EIA)

    2003-01-01

    This paper presents a short-term monthly forecasting model of West Texas Intermediate crude oil spot price using Organization for Economic Cooperation and Development (OECD) petroleum inventory levels.

  11. World oil trends

    SciTech Connect (OSTI)

    Anderson, A. )

    1991-01-01

    This book provides data on many facets of the world oil industry topics include; oil consumption; oils share of energy consumption; crude oil production; natural gas production; oil reserves; prices of oil; world refining capacity; and oil tankers.

  12. Timeline: A Brief History of Oil Prices and Vehicle Technologies

    Office of Energy Efficiency and Renewable Energy (EERE)

    Benjamin Franklin once expressed that there are only two things you can count on in life: death and taxes. Transportation analysts might add a third item to that list – fluctuating gas prices. Our interactive timeline illustrates when and why oil prices have fluctuated over the last 40 years, and explains how the Energy Department has worked to minimize our country’s vulnerability to these price swings.

  13. Investor Flows and the 2008 Boom/Bust in Oil Prices

    Gasoline and Diesel Fuel Update (EIA)

    Introduction Investor Flows and Speculation New Evidence on Investor Flows and Oil Prices References Investor Flows and the 2008 Boom/Bust in Oil Prices Kenneth J. Singleton Graduate School of Business Stanford University August, 2011 Introduction Investor Flows and Speculation New Evidence on Investor Flows and Oil Prices References Investor Flows, Speculation, and Oil Prices The role of speculation (broadly construed) in the dramatic rise and subsequent sharp decline in oil prices during 2008?

  14. STEO September 2012 - oil production

    U.S. Energy Information Administration (EIA) Indexed Site

    EIA analyst Sam Gorgen explains: "Higher oil supplies, especially from North Dakota and Texas, boosted U.S. oil production. The number of on-shore drilling rigs targeting oil ...

  15. Lower oil prices also cutting winter heating oil and propane...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    see even lower natural gas and heating oil bills this winter than previously expected ... said the average household heating with oil will experience a 41% drop in heating oil ...

  16. U.S., non-U.S. outlays to rise in `98, but oil price plunge clouds spending outlook

    SciTech Connect (OSTI)

    Beck, R.J.

    1998-03-23

    Capital spending by oil and gas companies in and outside the US will rise in 1998, but that forecast may be jeopardized by the continuing plunge in oil prices. For operations in the US, oil and gas company capital spending is expected to move up in 1998 for the fourth year in a row. If the money is spent, it will be the highest industry investment level since 1985. Strong oil and gas prices and increased volumes have boosted company cash flow and profits the last few years, fueling increased spending. However, the near-term outlook has now been clouded by economic turmoil in a number of Asian countries and the recent collapse of oil prices. The paper discusses oil and gas prices, US upstream spending, US non-exploration and production spending, capital spending in Canada, and spending outside US and Canada.

  17. Unit Price Scaling Trends for Chemical Products

    SciTech Connect (OSTI)

    Qi, Wei; Sathre, Roger; William R. Morrow, III; Shehabi, Arman

    2015-08-01

    To facilitate early-stage life-cycle techno-economic modeling of emerging technologies, here we identify scaling relations between unit price and sales quantity for a variety of chemical products of three categories - metal salts, organic compounds, and solvents. We collect price quotations for lab-scale and bulk purchases of chemicals from both U.S. and Chinese suppliers. We apply a log-log linear regression model to estimate the price discount effect. Using the median discount factor of each category, one can infer bulk prices of products for which only lab-scale prices are available. We conduct out-of-sample tests showing that most of the price proxies deviate from their actual reference prices by a factor less than ten. We also apply the bootstrap method to determine if a sample median discount factor should be accepted for price approximation. We find that appropriate discount factors for metal salts and for solvents are both -0.56, while that for organic compounds is -0.67 and is less representative due to greater extent of product heterogeneity within this category.

  18. Lower oil prices also cutting winter heating oil and propane bills

    U.S. Energy Information Administration (EIA) Indexed Site

    Lower oil prices also cutting winter heating oil and propane bills Lower oil prices are not only driving down gasoline costs, but U.S. consumers will also see a bigger savings in their heating oil and propane bills this winter. In its new short-term forecast, the U.S. Energy Information Administration said households that use heating oil most of which are located in the Northeast will pay on average $1,779 this winter. That's 25% less or a savings of nearly $600 compared with last winter. The

  19. Fact #579: July 13, 2009 Oil Price and Economic Growth, 1970-2008 |

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    Department of Energy 9: July 13, 2009 Oil Price and Economic Growth, 1970-2008 Fact #579: July 13, 2009 Oil Price and Economic Growth, 1970-2008 Major oil price shocks have disrupted world energy markets five times in the past 30 years - 1973-74, 1979-80, 1990-1991, 1999-2000 and again in 2008. Most of the oil price shocks were followed by an economic recession in the U.S. Oil Price and Economic Growth, 1970-2008 Graph showing the five times that major oil price shocks disrupted world energy

  20. STEO December 2012 - oil production

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Rise in 2012 U.S. oil production largest since 1859, output in 2013 seen topping 7 million bpd U.S. crude oil production is now expected to rise by about 760,000 barrels per day in ...

  1. Western Hemisphere Oil Products Balance

    U.S. Energy Information Administration (EIA) Indexed Site

    Western Hemisphere Oil Products Balance Ramn Espinasa, Ph.D. Lead Specialist July 2014 ... non-commercial purposes. 4 United States Oil Products Balance 5 Energy Matrix - USA 6 ...

  2. Do financial investors destabilize the oil price?

    Gasoline and Diesel Fuel Update (EIA)

    and Commercial Consumers by Local Distributio Area: District of Columbia Florida Georgia Maryland Michigan New Jersey New York Ohio Pennsylvania Virginia Period: Monthly Annual Download Series History Download Series History Definitions, Sources & Notes Definitions, Sources & Notes Show Data By: Data Series Area 2010 2011 2012 2013 2014 2015 View History Residential Average Price 13.53 13.06 12.10 12.45 13.05 12.52 1980-2015 Commercial Average Price 12.26 12.24 11.19 11.64 12.18

  3. Investor Flows and the 2008 Boom/Bust in Oil Prices

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Investor Flows and Speculation New Evidence on Investor Flows and Oil Prices References Investor Flows and the 2008 BoomBust in Oil Prices Kenneth J. Singleton Graduate School of ...

  4. EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow...

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow April 1, 2009 - 11:35am Addthis The growth of...

  5. ,"Domestic Crude Oil First Purchase Prices by Area"

    U.S. Energy Information Administration (EIA) Indexed Site

    ... Offshore California Crude Oil First Purchase Price (Dollars per Barrel)" 27044,6.95 27075,6.87 27103,6.77 27134,6.77 27164,6.87 27195,6.85 27225,6.8 27256,6.71 27287,6.7 ...

  6. Identifying the Oil Price-Macroeconomy Relationship: An Empirical Mode Decomposition Analysis of U.S. Data

    SciTech Connect (OSTI)

    Oladosu, Gbadebo A

    2009-01-01

    This work applies the empirical mode decomposition (EMD) method to data on real quarterly oil price (West Texas Intermediate - WTI) and U.S. gross domestic product (GDP). This relatively new method is adaptive and capable of handling non-linear and non-stationary data. Correlation analysis of the decomposition results was performed and examined for insights into the oil-macroeconomy relationship. Several components of this relationship were identified. However, the principal one is that the medium-run cyclical component of the oil price exerts a negative and exogenous influence on the main cyclical component of the GDP. This can be interpreted as the supply-driven or supply-shock component of the oil price-GDP relationship. In addition, weak correlations suggesting a lagging demand-driven, an expectations-driven, and a long-run supply-driven component of the relationship were also identified. Comparisons of these findings with significant oil supply disruption and recession dates were supportive. The study identified a number of lessons applicable to recent oil market events, including the eventuality of persistent economic and price declines following a long oil price run-up. In addition, it was found that oil-market related exogenous events are associated with short- to medium-run price implications regardless of whether they lead to actual supply disruptions.

  7. Impacts of the Venezuelan Crude Oil Production Loss

    Reports and Publications (EIA)

    2003-01-01

    This assessment of the Venezuelan petroleum loss examines two areas. The first part of the analysis focuses on the impact of the loss of Venezuelan crude production on crude oil supply for U.S. refiners who normally run a significant fraction of Venezuelan crude oil. The second part of the analysis looks at the impact of the Venezuelan production loss on crude markets in general, with particular emphasis on crude oil imports, refinery crude oil throughput levels, stock levels, and the changes in price differences between light and heavy crude oils.

  8. Trends in heavy oil production and refining in California

    SciTech Connect (OSTI)

    Olsen, D.K.; Ramzel, E.B.; Pendergrass, R.A. II

    1992-07-01

    This report is one of a series of publications assessing the feasibility of increasing domestic heavy oil production and is part of a study being conducted for the US Department of Energy. This report summarizes trends in oil production and refining in Canada. Heavy oil (10{degrees} to 20{degrees} API gravity) production in California has increased from 20% of the state`s total oil production in the early 1940s to 70% in the late 1980s. In each of the three principal petroleum producing districts (Los Angeles Basin, Coastal Basin, and San Joaquin Valley) oil production has peaked then declined at different times throughout the past 30 years. Thermal production of heavy oil has contributed to making California the largest producer of oil by enhanced oil recovery processes in spite of low oil prices for heavy oil and stringent environmental regulation. Opening of Naval Petroleum Reserve No. 1, Elk Hills (CA) field in 1976, brought about a major new source of light oil at a time when light oil production had greatly declined. Although California is a major petroleum-consuming state, in 1989 the state used 13.3 billion gallons of gasoline or 11.5% of US demand but it contributed substantially to the Nation`s energy production and refining capability. California is the recipient and refines most of Alaska`s 1.7 million barrel per day oil production. With California production, Alaskan oil, and imports brought into California for refining, California has an excess of oil and refined products and is a net exporter to other states. The local surplus of oil inhibits exploitation of California heavy oil resources even though the heavy oil resources exist. Transportation, refining, and competition in the market limit full development of California heavy oil resources.

  9. Trends in heavy oil production and refining in California

    SciTech Connect (OSTI)

    Olsen, D.K.; Ramzel, E.B.; Pendergrass, R.A. II.

    1992-07-01

    This report is one of a series of publications assessing the feasibility of increasing domestic heavy oil production and is part of a study being conducted for the US Department of Energy. This report summarizes trends in oil production and refining in Canada. Heavy oil (10{degrees} to 20{degrees} API gravity) production in California has increased from 20% of the state's total oil production in the early 1940s to 70% in the late 1980s. In each of the three principal petroleum producing districts (Los Angeles Basin, Coastal Basin, and San Joaquin Valley) oil production has peaked then declined at different times throughout the past 30 years. Thermal production of heavy oil has contributed to making California the largest producer of oil by enhanced oil recovery processes in spite of low oil prices for heavy oil and stringent environmental regulation. Opening of Naval Petroleum Reserve No. 1, Elk Hills (CA) field in 1976, brought about a major new source of light oil at a time when light oil production had greatly declined. Although California is a major petroleum-consuming state, in 1989 the state used 13.3 billion gallons of gasoline or 11.5% of US demand but it contributed substantially to the Nation's energy production and refining capability. California is the recipient and refines most of Alaska's 1.7 million barrel per day oil production. With California production, Alaskan oil, and imports brought into California for refining, California has an excess of oil and refined products and is a net exporter to other states. The local surplus of oil inhibits exploitation of California heavy oil resources even though the heavy oil resources exist. Transportation, refining, and competition in the market limit full development of California heavy oil resources.

  10. Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    | Department of Energy Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Secretary of Energy Samuel W. Bodman and Secretary of Agriculture Edward T. Schafer sent a letter on June 11, 2008 to Senator Jeff Bingaman addressing a number of questions related to biofuels, food, and gasoline and diesel prices. This is a fact sheet on how biofuels are reducing America's dependence on oil. Fact Sheet: Gas Prices

  11. Domestic petroleum-product prices around the world. Survey: free market or government price controls

    SciTech Connect (OSTI)

    Not Available

    1983-01-27

    In this issue, Energy Detente draws from their regular Western and Eastern Hemisphere Fuel Price/Tax Series, each produced monthly, and adds other survey data and analysis for a broad view of 48 countries around the world. They find that seven Latin American nations, including OPEC members Venezuela and Ecuador, are among the ten countries with lowest gasoline prices. In this Fourth Special Price Report, Energy Detente provides a first-time presentation of which prices are government-controlled, and which are free to respond to market forces. South Korea, with fixed prices since 1964, has the highest premium-grade gasoline price in our survey, US $5.38 per gallon. Paraguay, with prices fixed by PETROPAR, the national oil company, has the second highest premium gasoline price, US $4.21 per gallon. Nicaragua, also with government price controls, ranks third highest in the survey, with US $3.38 per gallon for premium gasoline. Kuwait shows the lowest price at US $0.55 per gallon. Several price changes from the previous survey reflect changes in currency exchange as all prices are converted to US dollars. The Energy Detente fuel price/tax series is presented for Western Hemisphere countries.

  12. Natural Gas and Crude Oil Prices in AEO (released in AEO2009)

    Reports and Publications (EIA)

    2009-01-01

    If oil and natural gas were perfect substitutes in all markets where they are used, market forces would be expected to drive their delivered prices to near equality on an energy-equivalent basis. The price of West Texas Intermediate (WTI) crude oil generally is denominated in terms of barrels, where 1 barrel has an energy content of approximately 5.8 million Btu. The price of natural gas (at the Henry Hub), in contrast, generally is denominated in million Btu. Thus, if the market prices of the two fuels were equal on the basis of their energy contents, the ratio of the crude oil price (the spot price for WTI, or low-sulfur light, crude oil) to the natural gas price (the Henry Hub spot price) would be approximately 6.0. From 1990 through 2007, however, the ratio of natural gas prices to crude oil prices averaged 8.6; and in the Annual Energy Outlook 2009 projections from 2008 through 2030, it averages 7.7 in the low oil price case, 14.6 in the reference case, and 20.2 in the high oil price case.

  13. Short-Term Energy Outlook Model Documentation: Regional Residential Heating Oil Price Model

    Reports and Publications (EIA)

    2009-01-01

    The regional residential heating oil price module of the Short-Term Energy Outlook (STEO) model is designed to provide residential retail price forecasts for the 4 census regions: Northeast, South, Midwest, and West.

  14. Factors Affecting the Relationship between Crude Oil and Natural Gas Prices (released in AEO2010)

    Reports and Publications (EIA)

    2010-01-01

    Over the 1995-2005 period, crude oil prices and U.S. natural gas prices tended to move together, which supported the conclusion that the markets for the two commodities were connected. Figure 26 illustrates the fairly stable ratio over that period between the price of low-sulfur light crude oil at Cushing, Oklahoma, and the price of natural gas at the Henry Hub on an energy-equivalent basis.

  15. Table 42. Residual Fuel Oil Prices by PAD District and State

    Gasoline and Diesel Fuel Update (EIA)

    Information Administration Petroleum Marketing Annual 1995 245 Table 42. Residual Fuel Oil Prices by PAD District and State (Cents per Gallon Excluding Taxes) - Continued...

  16. Table 42. Residual Fuel Oil Prices by PAD District and State

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    Information AdministrationPetroleum Marketing Annual 1998 203 Table 42. Residual Fuel Oil Prices by PAD District and State (Cents per Gallon Excluding Taxes) - Continued...

  17. ,"Total Crude Oil and Petroleum Products Exports"

    U.S. Energy Information Administration (EIA) Indexed Site

    Data for" ,"Data 1","Total Crude Oil and Petroleum Products ... "Back to Contents","Data 1: Total Crude Oil and Petroleum Products Exports" ...

  18. ,"Domestic Crude Oil First Purchase Prices for Selected Crude...

    U.S. Energy Information Administration (EIA) Indexed Site

    Purchase Price (Dollars per Barrel)","Heavy Louisiana Sweet First Purchase Price (Dollars per Barrel)","Light Louisiana Sweet First Purchase Price (Dollars per Barrel)","Mars Blend ...

  19. Table 23. Domestic Crude Oil First Purchase Prices by API Gravity

    U.S. Energy Information Administration (EIA) Indexed Site

    18.62 19.26 Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 23. Domestic Crude Oil First Purchase Prices by API Gravity Energy...

  20. Table 23. Domestic Crude Oil First Purchase Prices by API Gravity

    U.S. Energy Information Administration (EIA) Indexed Site

    20.23 20.91 Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 23. Domestic Crude Oil First Purchase Prices by API Gravity Energy...

  1. Peaking of world oil production: Impacts, mitigation, & risk management

    SciTech Connect (OSTI)

    Hirsch, R.L.; Bezdek, Roger; Wendling, Robert

    2005-02-01

    The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking.... The purpose of this analysis was to identify the critical issues surrounding the occurrence and mitigation of world oil production peaking. We simplified many of the complexities in an effort to provide a transparent analysis. Nevertheless, our study is neither simple nor brief. We recognize that when oil prices escalate dramatically, there will be demand and economic impacts that will alter our simplified assumptions. Consideration of those feedbacks will be a daunting task but one that should be undertaken. Our aim in this study is to-- • Summarize the difficulties of oil production forecasting; • Identify the fundamentals that show why world oil production peaking is such a unique challenge; • Show why mitigation will take a decade or more of intense effort; • Examine the potential economic effects of oil peaking; • Describe what might be accomplished under three example mitigation scenarios. • Stimulate serious discussion of the problem, suggest more definitive studies, and engender interest in timely action to mitigate its impacts.

  2. Natural Gas Citygate Price

    U.S. Energy Information Administration (EIA) Indexed Site

    Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground

  3. Natural Gas Industrial Price

    U.S. Energy Information Administration (EIA) Indexed Site

    Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground

  4. Average Commercial Price

    U.S. Energy Information Administration (EIA) Indexed Site

    Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground

  5. Average Residential Price

    U.S. Energy Information Administration (EIA) Indexed Site

    Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground

  6. Transmission Services Product Pricing Validation October 1, 2014

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Teams Customer Training Interconnection Notices Rates Standards of Conduct Tariff TF Web Based Training Notice: Transmission Services Product Pricing Validation Posted Date:...

  7. Implications of lifting the ban on the export of Alaskan crude oil: Price and trade impacts

    SciTech Connect (OSTI)

    Not Available

    1990-06-26

    This study addresses the issue of the ban on exports of Alaskan crude oil. At present almost all crude oil production from Alaska must be sold in the United States, i.e., it may not be exported. This study examines the impact, mainly on the West Coast, of eliminating this export restraint. The study concentrates on two time periods. These are 1988, the most recent year for which complete data are available, and 1995, a year in which Alaskan production is projected to be substantially less than at present. This is the Energy Information Administration's (EIA's) second report on this subject. The first was released earlier in 1990. They differ principally in the years for which results are presented and in the models used to generate quantitative results. The first report was limited to 1988. The quantitative results for that year were based on use of a single region model and therefore did not take into account petroleum interactions among all areas of the world. Because of this limitation, quantitative results were limited to Alaskan crude oil prices. All other price and trade flow results were qualitative. In contrast, the present report covers both 1988 and 1995. The quantitative results are generated with use of a more comprehensive model, one which does take into account petroleum interactions among all areas of the world. The model-generated results cover both crude and product prices as well as petroleum trade flows. The quantitative results in the present report therefore supersede those in the first, although both sets are generally consistent.

  8. Review of EIA Oil Production Outlooks

    U.S. Energy Information Administration (EIA) Indexed Site

    Review of EIA oil production outlooks For 2014 EIA Energy Conference July 15, 2014 | Washington, DC By Samuel Gorgen, Upstream Analyst Overview Gorgen, Tight Oil Production Trends EIA Conference, July 15, 2014 2 * Drilling Productivity Report performance review - Permian - Eagle Ford - Bakken * Crude oil production projections - Short-Term Energy Outlook - Annual Energy Outlook - International tight oil outlook * New DPR region highlights: Utica Drilling Productivity Report review - major tight

  9. Water issues associated with heavy oil production.

    SciTech Connect (OSTI)

    Veil, J. A.; Quinn, J. J.; Environmental Science Division

    2008-11-28

    Crude oil occurs in many different forms throughout the world. An important characteristic of crude oil that affects the ease with which it can be produced is its density and viscosity. Lighter crude oil typically can be produced more easily and at lower cost than heavier crude oil. Historically, much of the nation's oil supply came from domestic or international light or medium crude oil sources. California's extensive heavy oil production for more than a century is a notable exception. Oil and gas companies are actively looking toward heavier crude oil sources to help meet demands and to take advantage of large heavy oil reserves located in North and South America. Heavy oil includes very viscous oil resources like those found in some fields in California and Venezuela, oil shale, and tar sands (called oil sands in Canada). These are described in more detail in the next chapter. Water is integrally associated with conventional oil production. Produced water is the largest byproduct associated with oil production. The cost of managing large volumes of produced water is an important component of the overall cost of producing oil. Most mature oil fields rely on injected water to maintain formation pressure during production. The processes involved with heavy oil production often require external water supplies for steam generation, washing, and other steps. While some heavy oil processes generate produced water, others generate different types of industrial wastewater. Management and disposition of the wastewater presents challenges and costs for the operators. This report describes water requirements relating to heavy oil production and potential sources for that water. The report also describes how water is used and the resulting water quality impacts associated with heavy oil production.

  10. Declines in U.S. monthly oil production expected to continue

    U.S. Energy Information Administration (EIA) Indexed Site

    Declines in U.S. monthly oil production expected to continue U.S. monthly oil production continues to decline in response to the drop in oil prices that began almost two years ago. In its new monthly forecast, the U.S. Energy Information Administration said domestic oil production averaged 8.7 million barrels per day in May falling below the daily output level of 9 million barrels for the first time since September 2014. May's 250,000 barrel-per-day decrease in oil production would be the

  11. The Availability and Price of Petroleum and Petroleum Products...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    lower crude oil output from OPEC countries (Tables 2 and 3). * Global surplus crude oil production capacity averaged 1.8 million bbld in July and August, 0.3 million bbld...

  12. The Availability and Price of Petroleum and Petroleum Products...

    Gasoline and Diesel Fuel Update (EIA)

    5 percent of global supply - and the third-largest exporter of crude oil. Iran's crude oil production capacity has eroded in recent years, due to its inability to carry out...

  13. Refinery Outages: Description and Potential Impact on Petroleum Product Prices

    Reports and Publications (EIA)

    2007-01-01

    This report responds to a July 13, 2006 request from Chairman Jeff Bingaman of the Senate Committee on Energy and Natural Resources requested that the Energy Information Administration conduct a study of the impact that refinery shutdowns have had on the price of oil and gasoline.

  14. Table 42. Residual Fuel Oil Prices by PAD District and State

    Gasoline and Diesel Fuel Update (EIA)

    55.1 47.1 W W 55.1 46.2 See footnotes at end of table. 42. Residual Fuel Oil Prices by PAD District and State Energy Information Administration Petroleum...

  15. Table 42. Residual Fuel Oil Prices by PAD District and State

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    45.5 49.2 W W 44.5 45.4 See footnotes at end of table. 42. Residual Fuel Oil Prices by PAD District and State Energy Information Administration Petroleum...

  16. EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow

    Broader source: Energy.gov [DOE]

    The growth of renewable energy and renewable fuels in the United States will be significantly greater under scenarios involving high oil prices and stricter controls on greenhouse gas (GHG) emissions, according to DOE's Energy Information Administration (EIA).

  17. The Availability and Price of Petroleum and Petroleum Products...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    boosted global liquid fuels production relative to year-ago levels. However, OPEC crude oil production decreased slightly from year-ago levels, as production gains in Libya and...

  18. Market Prices and Uncertainty Report

    Reports and Publications (EIA)

    2016-01-01

    Monthly analysis of crude oil, petroleum products, natural gas, and propane prices is released as a regular supplement to the Short-Term Energy Outlook.

  19. ,"U.S. Residual Fuel Oil Prices by Sales Type"

    U.S. Energy Information Administration (EIA) Indexed Site

    Data for" ,"Data 1","Residual Fuel Oil Average",2,"Monthly","52016","115... AM" "Back to Contents","Data 1: Residual Fuel Oil Average" "Sourcekey","EMAEPPRPTANUS...

  20. The Availability and Price of Petroleum and Petroleum Products...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    were mostly driven by increased supply outages (Table 2). Although global surplus crude oil production capacity averaged 2.2 million bbld in November and December, an increase...

  1. The Availability and Price of Petroleum and Petroleum Products...

    Gasoline and Diesel Fuel Update (EIA)

    1.3-million-bbld decline in global stocks in November and December, global surplus crude oil production capacity remains low and unplanned global supply disruptions remain...

  2. The Availability and Price of Petroleum and Petroleum Products...

    Gasoline and Diesel Fuel Update (EIA)

    and exports have been reduced by sanctions that have impeded its ability to carry out investment in oil projects necessary to offset natural declines in production. Sanctions...

  3. Factors Influencing Oil Prices: A Survey of the Current State of Knowledge in the Context of the 2007-08 Oil Price Volatility Interactions in the U.S. Crude Oil Market

    U.S. Energy Information Administration (EIA) Indexed Site

    Factors Influencing Oil Prices: A Survey of the Current State of Knowledge in the Context of the 2007-08 Oil Price Volatility Louis H. Ederington, University of Oklahoma Chitru S. Fernano, University of Oklahoma Thomas K. Lee, U.S. Energy Information Administration Scott C. Linn, University of Oklahoma Anthony D. May, Wichita State University August 2011 Independent Statistics & Analysis www.eia.gov U.S. Energy Information Administration Washington, DC 20585 This paper is released to

  4. The Availability and Price of Petroleum and Petroleum Products...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    led by production in Iraq and Saudi Arabia (Table 2, Table 3). Global surplus crude oil production capacity averaged 1.7 million bd in May and June, 0.4 million bd lower...

  5. The Availability and Price of Petroleum and Petroleum Products...

    Gasoline and Diesel Fuel Update (EIA)

    three-year average production total of 4.0 million bbld (Table 1). * Global surplus crude oil production capacity in May and June was 2.4 million bbld, which is 0.3 million bbl...

  6. Methodology for Monthly Crude Oil Production Estimates

    U.S. Energy Information Administration (EIA) Indexed Site

    015 U.S. Energy Information Administration | Methodology for Monthly Crude Oil Production Estimates 1 Methodology for Monthly Crude Oil Production Estimates Executive summary The U.S. Energy Information Administration (EIA) relies on data from state and other federal agencies and does not currently collect survey data directly from crude oil producers. Summarizing the estimation process in terms of percent of U.S. production: * 20% is based on state agency data, including North Dakota and

  7. Final report of the Rhode Island State Energy Office on residential no. 2 heating oil and propane prices [SHOPP

    SciTech Connect (OSTI)

    McClanahan, Janice

    2001-04-01

    Summary report on residential No.2 heating oil and propane prepared under grant. Summarizes the monitoring and analysis of heating oil and propane prices from October 2000 through March 2001.

  8. U.S. crude oil production expected to top 9 million barrels per day in December

    U.S. Energy Information Administration (EIA) Indexed Site

    crude oil production expected to top 9 million barrels per day in December U.S. crude oil production is expected to continue to increase through next year, despite the outlook for lower crude oil prices. In its new short-term forecast, the U.S. Energy Information Administration said monthly average oil production is on track to surpass 9 million barrels per day in December for the first time since 1986 and then rise to an average 9.4 million barrels a day next year. Even though that's down about

  9. Quantifying the Speculative Component in the Real Price of Oil: The Role of Global Inventories

    Gasoline and Diesel Fuel Update (EIA)

    Inside the Crystal Ball: New Approaches to Predicting the Gasoline Price at the Pump EIA Workshop on Financial and Physical Oil market Linkages September 29, 2015 / Washington, D.C. By Thomas K. Lee Office of Energy Markets and Financial Analysis Energy Information Administration Christiane Baumeister Lutz Kilian Thomas K. Lee Notre Dame University of Michigan U.S. EIA CEPR What Are the Existing Gasoline Price Forecasts? 2 * The U.S. Energy Information Administration (EIA) issues regular

  10. Table 22. Domestic Crude Oil First Purchase Prices for Selected...

    U.S. Energy Information Administration (EIA) Indexed Site

    data. Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 44 Energy Information AdministrationPetroleum Marketing Annual...

  11. Table 22. Domestic Crude Oil First Purchase Prices for Selected...

    U.S. Energy Information Administration (EIA) Indexed Site

    data. Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 44 Energy Information Administration Petroleum Marketing Annual...

  12. Total Crude Oil and Petroleum Products Exports

    U.S. Energy Information Administration (EIA) Indexed Site

    Product: Total Crude Oil and Petroleum Products Crude Oil Natural Gas Plant Liquids and Liquefied Refinery Gases Pentanes Plus Liquefied Petroleum Gases Ethane/Ethylene Propane/Propylene Normal Butane/Butylene Isobutane/Isobutylene Other Liquids Hydrogen/Oxygenates/Renewables/Other Hydrocarbons Oxygenates (excl. Fuel Ethanol) Methyl Tertiary Butyl Ether (MTBE) Other Oxygenates Renewable Fuels (incl. Fuel Ethanol) Fuel Ethanol Biomass-Based Diesel Unfinished Oils Naphthas and Lighter Kerosene and

  13. U.S. oil imports to decline with rising oil production through...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    oil imports to decline with rising oil production through 2014 The United States will need fewer oil imports over the next two years because of rising U.S. oil production. The new ...

  14. U.S. crude oil production expected to exceed oil imports later...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    crude oil production expected to exceed oil imports later this year U.S. crude oil production is expected to surpass U.S. crude oil imports by the fourth quarter of this year. That ...

  15. High oil production continues to cut U.S. oil imports

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    High oil production continues to cut U.S. oil imports High U.S. crude oil production will help further reduce America's reliance on oil imports during the next two years. In its ...

  16. Microsoft Word - Gas Prices and Oil Consumption Would Increase Without Biofuels

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    For Immediate Release June 11, 2008 202-586-4940 Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Secretary of Energy Samuel W. Bodman and Secretary of Agriculture Edward T. Schafer sent a letter on June 11, 2008 to Senator Jeff Bingaman addressing a number of questions related to biofuels, food, and gasoline and diesel prices. The letter is available at http://www.energy.gov Without Biofuels, Gas Prices Would Increase $.20 to $.35 per Gallon. * The U.S. Department of

  17. The Availability and Price of Petroleum and Petroleum Products...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    growth in global supply, contributing 0.8 million bbld (Table 2). * Global surplus crude oil production capacity averaged 2.2 million bbld in November and December, 0.1 million...

  18. The Availability and Price of Petroleum and Petroleum Products...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    by an average of 0.8 million bbld in September and October 2013. Increased global crude oil production, particularly from Libya and Iraq, in the past two months, at a time when...

  19. The Availability and Price of Petroleum and Petroleum Products...

    Gasoline and Diesel Fuel Update (EIA)

    was more than offset by the decrease in total OPEC output (Table 4). Global surplus crude oil production capacity in September and October 2013 averaged 1.8 million bbld, which...

  20. The Availability and Price of Petroleum and Petroleum Products...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    over year-ago levels and the three-year average (Table 2). * Global surplus crude oil production capacity in July and August 2013 averaged 2.2 million bbld, which is 0.3...

  1. The Availability and Price of Petroleum and Petroleum Products...

    Gasoline and Diesel Fuel Update (EIA)

    Iran were 3.3 million bbld and 1.7 million bbld, respectively (Table 1). Iran's crude oil production capacity has eroded in recent years, due to its inability to carry out...

  2. Oil Refund Decisions | Department of Energy

    Broader source: Energy.gov (indexed) [DOE]

    During the period 1973 through 1981, the Federal government imposed price and allocation controls of crude oil and refined petroleum products, such as gasoline and heating oil. ...

  3. Product Supplied for Total Crude Oil and Petroleum Products

    U.S. Energy Information Administration (EIA) Indexed Site

    Product: Total Crude Oil and Petroleum Products Crude Oil Natural Gas Liquids and LRGs Pentanes Plus Liquefied Petroleum Gases Ethane/Ethylene Propane/Propylene Normal Butane/Butylene Isobutane/Isobutylene Other Liquids Hydrogen/Oxygenates/Renewables/Other Hydrocarbons Unfinished Oils Motor Gasoline Blend. Comp. (MGBC) MGBC - Reformulated MGBC - Conventional Aviation Gasoline Blend. Comp. Finished Petroleum Products Finished Motor Gasoline Reformulated Gasoline Conventional Gasoline Finished

  4. Crude Oil and Petroleum Products Total Stocks Stocks by Type

    U.S. Energy Information Administration (EIA) Indexed Site

    Product: Crude Oil and Petroleum Products Crude Oil All Oils (Excluding Crude Oil) Pentanes Plus Liquefied Petroleum Gases Ethane/Ethylene Propane/Propylene Normal Butane/Butylene Isobutane/Butylene Other Hydrocarbons Oxygenates (excluding Fuel Ethanol) MTBE Other Oxygenates Renewables (including Fuel Ethanol) Fuel Ethanol Renewable Diesel Fuel Other Renewable Fuels Unfinished Oils Unfinished Oils, Naphthas & Lighter Unfinished Oils, Kerosene & Light Gas Unfinished Oils, Heavy Gas Oils

  5. Estimating household fuel oil/kerosine, natural gas, and LPG prices by census region

    SciTech Connect (OSTI)

    Poyer, D.A.; Teotia, A.P.S.

    1994-08-01

    The purpose of this research is to estimate individual fuel prices within the residential sector. The data from four US Department of Energy, Energy Information Administration, residential energy consumption surveys were used to estimate the models. For a number of important fuel types - fuel oil, natural gas, and liquefied petroleum gas - the estimation presents a problem because these fuels are not used by all households. Estimates obtained by using only data in which observed fuel prices are present would be biased. A correction for this self-selection bias is needed for estimating prices of these fuels. A literature search identified no past studies on application of the selectivity model for estimating prices of residential fuel oil/kerosine, natural gas, and liquefied petroleum gas. This report describes selectivity models that utilize the Dubin/McFadden correction method for estimating prices of residential fuel oil/kerosine, natural gas, and liquefied petroleum gas in the Northeast, Midwest, South, and West census regions. Statistically significant explanatory variables are identified and discussed in each of the models. This new application of the selectivity model should be of interest to energy policy makers, researchers, and academicians.

  6. Petroleum product pricing in Asian developing countries: Lessons from the past and future issues

    SciTech Connect (OSTI)

    Bhattacharyya, S.C.

    1997-09-01

    This paper looks at the pricing of petroleum products in ten Asian developing countries using a data series for 1973--1992. Prices of petroleum products are compared with international prices. Differential prices are measured with respect to diesel prices. It is found that energy prices are used as instruments for revenue earnings. Pricing policies vary widely among countries and neighbors have different fuel prices. Countries try to align the local prices of petroleum products in line with international prices but with a lag of 1--2 years. The wave of liberalization and privatization is sweeping many developing countries. Additionally, environmental issues are gaining importance even in developing countries. The paper also discusses these emerging issues that need to be taken into account in the petroleum product pricing.

  7. Iran outlines oil productive capacity

    SciTech Connect (OSTI)

    Not Available

    1992-11-09

    National Iranian Oil Co. (NIOC) tested production limits last month to prove a claim of 4 million bd capacity made at September's meeting of the organization of Petroleum Exporting Countries. Onshore fields account for 3.6 million bd of the total, with offshore fields providing the rest. NIOC plans to expand total capacity to 4.5 million bd by April 1993, consisting of 4 million b/d onshore and 500,000 b/d offshore. Middle East Economic Survey says questions remain about completion dates for gas injection, drilling, and offshore projects, but expansion targets are attainable within the scheduled time. NIOC said some slippage may be unavoidable, but it is confident the objective will be reached by third quarter 1993 at the latest. More than 60 rigs are working or about to be taken under contract to boost development drilling in onshore fields and provide gas injection in some. NIOC has spent $3.2 billion in foreign exchange on the drilling program in the last 2 1/2 years.

  8. Conversion Technologies for Advanced Biofuels - Bio-Oil Production |

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    Department of Energy Oil Production Conversion Technologies for Advanced Biofuels - Bio-Oil Production RTI International report-out at the CTAB webinar on Conversion Technologies for Advanced Biofuels - Bio-Oil Production. ctab_webinar_bio_oils_production.pdf (772.25 KB) More Documents & Publications Conversion Technologies for Advanced Biofuels - Bio-Oil Upgrading 2013 Peer Review Presentations-Bio-oil Workshop on Conversion Technologies for Advanced Biofuels - Bio-Oils

  9. Engineered microbes and methods for microbial oil production...

    Office of Scientific and Technical Information (OSTI)

    Engineered microbes and methods for microbial oil production Title: Engineered microbes and methods for microbial oil production Some aspects of this invention provide engineered ...

  10. Engineered microbes and methods for microbial oil production...

    Office of Scientific and Technical Information (OSTI)

    Patent: Engineered microbes and methods for microbial oil production Citation Details In-Document Search Title: Engineered microbes and methods for microbial oil production Some ...

  11. US Crude Oil Production Surpasses Net Imports | Department of...

    Office of Environmental Management (EM)

    US Crude Oil Production Surpasses Net Imports US Crude Oil Production Surpasses Net Imports Source: Energy Information Administration Short Term Energy Outlook. Chart by Daniel...

  12. US Crude Oil Production Surpasses Net Imports | Department of...

    Office of Environmental Management (EM)

    US Crude Oil Production Surpasses Net Imports US Crude Oil Production Surpasses Net Imports Source: Energy Information Administration Short Term Energy Outlook. Chart by Daniel ...

  13. ,"Crude Oil and Petroleum Products Total Stocks Stocks by Type...

    U.S. Energy Information Administration (EIA) Indexed Site

    Data for" ,"Data 1","Crude Oil and Petroleum Products Total Stocks Stocks ... AM" "Back to Contents","Data 1: Crude Oil and Petroleum Products Total Stocks Stocks ...

  14. Conversion Technologies for Advanced Biofuels - Bio-Oil Production...

    Energy Savers [EERE]

    Oil Production Conversion Technologies for Advanced Biofuels - Bio-Oil Production RTI International report-out at the CTAB webinar on Conversion Technologies for Advanced Biofuels ...

  15. Improving Microalgal Oil Production Based on Quantitative, Biochemical...

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    Microalgal Oil Production Based on Quantitative, Biochemical and Genetic Analyses of ... Goal Statement * Maximizing production of oil (triacylglycerols) in the green alga ...

  16. Potential Oil Production from the Coastal Plain of the Arctic...

    U.S. Energy Information Administration (EIA) Indexed Site

    Potential Oil Production from the Coastal Plain of the Arctic National Wildlife Refuge: Updated Assessment Executive Summary This Service Report, Potential Oil Production from the ...

  17. Engineered microbes and methods for microbial oil production...

    Office of Scientific and Technical Information (OSTI)

    Data Explorer Search Results Engineered microbes and methods for microbial oil production Title: Engineered microbes and methods for microbial oil production Some aspects of this ...

  18. World heavy oil and bitumen riches - update 1983: Part two, production

    SciTech Connect (OSTI)

    Not Available

    1983-06-08

    Despite world recession, overabundance of conventional oil and light product supplies, softer oil prices, and certain important reversals in development policies, worldwide production of heavy and extra-heavy crude oil increased 11.3% in 1982 compared to 1981; latest 1983 data confirm this trend. For the top ten heavy-oil-producing nations, the increase was 17.7% over the same period, mainly due to increases in Venezuela, Mexico, and Nigeria. In 1981, world heavy and extra-heavy crude production was 6.1% of world conventional oil production; in 1982 it increased to 7.2%. Bitumen production in Canada, the only country with 1982 production figures, increased 46% over 1981. It is probable that further technological advances and experimentation in other countries, including the Soviet Union, have resulted in other bitumen production increases as well. Although multinational cooperation in research for extraction, upgrading, and transportation of heavy crudes and bitumens has not grown to the extent that many industry experts had hoped, several broad areas of cooperation stand supported and many of them have been strengthened. Such progress in the face of economic and political uncertainties are demonstrations of world leadership for the next petroleum age. This issue presents the Energy Detente fuel price/tax series and industrial fuel prices for June 1983 for countries of the Eastern Hemisphere.

  19. STEO January 2013 - oil production increase

    U.S. Energy Information Administration (EIA) Indexed Site

    since 1988. Most of America's oil production growth over the next two years will come from more drilling activity in tight shale rock formations located in North Dakota and Texas

  20. Economics of on-farm production and use of vegetable oils for fuel

    SciTech Connect (OSTI)

    McIntosh, C.S.; Withers, R.V.; Smith, S.M.

    1982-01-01

    The technology of oilseed processing, on a small scale, is much simpler than that for ethanol production. This, coupled with the fact that most energy intensive farm operations use diesel powered equipment, has created substantial interest in vegetable oils as an alternative source of liquid fuel for agriculture. The purpose of this study was to estimate the impact on gross margins resulting from vegetable oil production and utilization in two case study areas, Latah and Power Counties, in Iadho. The results indicate that winter rape oil became a feasible alternative to diesel when the price of diesel reached $0.84 per liter in the Latah County model. A diesel price of $0.85 per liter was required in the Power County model before it became feasible to produce sunflower oil for fuel. 5 tables.

  1. VEE-0023- In the Matter of Oil Products, Inc.

    Broader source: Energy.gov [DOE]

    On May 13, 1996, Oil Products, Inc. (Oil Products) filed an Application for Exception with the Office of Hearings and Appeals (OHA) of the Department of Energy (DOE). In its application, Oil...

  2. Hydroprocessing Bio-oil and Products Separation for Coke Production

    SciTech Connect (OSTI)

    Elliott, Douglas C.; Neuenschwander, Gary G.; Hart, Todd R.

    2013-04-01

    Fast pyrolysis of biomass can be used to produce a raw bio-oil product, which can be upgraded by catalytic hydroprocessing to hydrocarbon liquid products. In this study the upgraded products were distilled to recover light naphtha and oils and to produce a distillation resid with useful properties for coker processing and production of renewable, low-sulfur electrode carbon. For this hydroprocessing work, phase separation of the bio-oil was applied as a preparatory step to concentrate the heavier, more phenolic components thus generating a more amenable feedstock for resid production. Low residual oxygen content products were produced by continuous-flow, catalytic hydroprocessing of the phase separated bio-oil.

  3. Higher U.S. oil production in 2013 and 2014 means lower oil imports

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Higher U.S. oil production in 2013 and 2014 means lower oil imports U.S. crude oil production topped 7 million barrels per day in November and December for the first time in 20 ...

  4. Production of hydrogen from oil shale

    SciTech Connect (OSTI)

    Schora, F. C.; Feldkirchner, H. L.; Janka, J. C.

    1985-12-24

    A process for production of hydrogen from oil shale fines by direct introduction of the oil shale fines into a fluidized bed at temperatures about 1200/sup 0/ to about 2000/sup 0/ F. to obtain rapid heating of the oil shale. The bed is fluidized by upward passage of steam and oxygen, the steam introduced in the weight ratio of about 0.1 to about 10 on the basis of the organic carbon content of the oil shale and the oxygen introduced in less than the stoichiometric quantity for complete combustion of the organic carbonaceous kerogen content of the oil shale. Embodiments are disclosed for heat recovery from the spent shale and heat recovery from the spent shale and product gas wherein the complete process and heat recovery is carried out in a single reaction vessel. The process of this invention provides high conversion of organic carbon component of oil shale and high production of hydrogen from shale fines which when used in combination with a conventional oil shale hydroconversion process results in increased overall process efficiency of greater than 15 percent.

  5. U.S. monthly oil production tops 8 million barrels per day for...

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Pump prices are up compared to last year mostly because of higher crude oil costs. Recent unrest Iraq has put upward pressure on oil prices, which account for about two-thirds of ...

  6. Are there Gains from Pooling Real-Time Oil Price Forecasts?

    U.S. Energy Information Administration (EIA) Indexed Site

    Are there Gains from Pooling Real- Time Oil Price Forecasts? Christiane Baumeister, Bank of Canada Lutz Kilian, University of Michigan Thomas K. Lee, U.S. Energy Information Administration February 12, 2014 Independent Statistics & Analysis www.eia.gov U.S. Energy Information Administration Washington, DC 20585 This paper is released to encourage discussion and critical comment. The analysis and conclusions expressed here are those of the authors and not necessarily those of the U.S. Energy

  7. Alcorn wells bolster Philippines oil production

    SciTech Connect (OSTI)

    Not Available

    1992-09-21

    This paper reports that Alcorn International Inc., Houston, is producing about 16,500 b/d of oil from West Linapacan A field in the South China Sea off the Philippines. The field's current production alone is more than fivefold the Philippines' total average oil flow of 3,000 b/d in 1991. It's part of a string of oil and gas strikes off Palawan Island that has made the region one of the hottest exploration/development plays in the Asia-Pacific theater.

  8. Michigan residential heating oil and propane price survey: 1995--1996 heating season. Final report

    SciTech Connect (OSTI)

    Moriarty, C.

    1996-05-01

    This report summarizes the results of a survey of residential No. 2 distillate fuel (home heating oil) and liquefied petroleum gas (propane) prices over the 1995--1996 heating season in Michigan. The Michigan`s Public Service Commission (MPSC) conducted the survey under a cooperative agreement with the US Department of Energy`s (DOE) Energy Information Administration (EIA). This survey was funded in part by a grant from the DOE. From October 1995 through March 1996, the MPSC surveyed participating distributors by telephone for current residential retail home heating oil and propane prices. The MPSC transmitted the data via a computer modem to the EIA using the Petroleum Electronic Data Reporting Option (PEDRO). Survey results were published in aggregate on the MPSC World Wide Web site at http://ermisweb.state.mi.us/shopp. The page was updated with both residential and wholesale prices immediately following the transmission of the data to the EIA. The EIA constructed the survey using a sample of Michigan home heating oil and propane retailers. The sample accounts for different sales volumes, geographic location, and sources of primary supply.

  9. Production of Oil in Vegetative Tissues - Energy Innovation Portal

    Broader source: All U.S. Department of Energy (DOE) Office Webpages (Extended Search)

    Production of Oil in Vegetative Tissues Inventors: Christoph Benning, Changcheng Xu, ... University's technology increases the oil storage capacity in plants and could help ...

  10. Potential Oil Production from the Coastal Plain of the Arctic...

    U.S. Energy Information Administration (EIA) Indexed Site

    Potential Oil Production from the Coastal Plain of the Arctic National Wildlife Refuge: ... Section 1002 of ANILCA deferred a decision on the management of oil and gas exploration ...

  11. Potential Oil Production from the Coastal Plain of the Arctic...

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    Oil Production from the Coastal Plain of the Arctic National Wildlife Refuge: Updated Assessment 2. Analysis Discussion Resource Assessment The USGS most recent assessment of oil ...

  12. Potential Oil Production from the Coastal Plain of the Arctic...

    U.S. Energy Information Administration (EIA) Indexed Site

    Potential Oil Production from the Coastal Plain of the Arctic National Wildlife Refuge: ... of technically recoverable undiscovered oil are in the ANWR coastal plain, a 5 percent ...

  13. Energy and Financial Markets Overview: Crude Oil Price Formation

    Gasoline and Diesel Fuel Update (EIA)

    Energy Production and Trade: An Overview of Some Macroeconomic Issues Vipin Arora November 2014 Independent Statistics & Analysis www.eia.gov U.S. Energy Information Administration Washington, DC 20585 This paper is released to encourage discussion and critical comment. The analysis and conclusions expressed here are those of the authors and not necessarily those of the U.S. Energy Information Administration. WORKING PAPER SERIES November 2014 Vipin Arora | U.S. Energy Information

  14. Preliminary Economics for the Production of Pyrolysis Oil from Lignin in a Cellulosic Ethanol Biorefinery

    SciTech Connect (OSTI)

    Jones, Susanne B.; Zhu, Yunhua

    2009-04-01

    Cellulosic ethanol biorefinery economics can be potentially improved by converting by-product lignin into high valued products. Cellulosic biomass is composed mainly of cellulose, hemicellulose and lignin. In a cellulosic ethanol biorefinery, cellulose and hemicellullose are converted to ethanol via fermentation. The raw lignin portion is the partially dewatered stream that is separated from the product ethanol and contains lignin, unconverted feed and other by-products. It can be burned as fuel for the plant or can be diverted into higher-value products. One such higher-valued product is pyrolysis oil, a fuel that can be further upgraded into motor gasoline fuels. While pyrolysis of pure lignin is not a good source of pyrolysis liquids, raw lignin containing unconverted feed and by-products may have potential as a feedstock. This report considers only the production of the pyrolysis oil and does not estimate the cost of upgrading that oil into synthetic crude oil or finished gasoline and diesel. A techno-economic analysis for the production of pyrolysis oil from raw lignin was conducted. comparing two cellulosic ethanol fermentation based biorefineries. The base case is the NREL 2002 cellulosic ethanol design report case where 2000 MTPD of corn stover is fermented to ethanol (NREL 2002). In the base case, lignin is separated from the ethanol product, dewatered, and burned to produce steam and power. The alternate case considered in this report dries the lignin, and then uses fast pyrolysis to generate a bio-oil product. Steam and power are generated in this alternate case by burning some of the corn stover feed, rather than fermenting it. This reduces the annual ethanol production rate from 69 to 54 million gallons/year. Assuming a pyrolysis oil value similar to Btu-adjusted residual oil, the estimated ethanol selling price ranges from $1.40 to $1.48 (2007 $) depending upon the yield of pyrolysis oil. This is considerably above the target minimum ethanol selling

  15. ,"U.S. Total Crude Oil and Products Imports"

    U.S. Energy Information Administration (EIA) Indexed Site

    ... Georgia of Crude Oil and Petroleum Products (Thousand Barrels)","U.S. Imports from Germany of Crude Oil and Petroleum Products (Thousand Barrels)","U.S. Imports from Ghana of ...

  16. ,"U.S. Total Crude Oil and Products Imports"

    U.S. Energy Information Administration (EIA) Indexed Site

    to Contents","Data 1: U.S. Total Crude Oil and Products Imports" "Sourcekey","MTTIMUS1... "Date","U.S. Imports of Crude Oil and Petroleum Products (Thousand ...

  17. ,"U.S. Total Crude Oil and Products Imports"

    U.S. Energy Information Administration (EIA) Indexed Site

    to Contents","Data 1: U.S. Total Crude Oil and Products Imports" "Sourcekey","MTTIMUS2... "Date","U.S. Imports of Crude Oil and Petroleum Products (Thousand Barrels ...

  18. ,"U.S. Total Crude Oil and Products Imports"

    U.S. Energy Information Administration (EIA) Indexed Site

    ... Crude Oil and Petroleum Products (Thousand Barrels per Day)","U.S. Imports from Papua New Guinea of Crude Oil and Petroleum Products (Thousand Barrels per Day)","U.S. Imports ...

  19. ,"U.S. Total Crude Oil and Products Imports"

    U.S. Energy Information Administration (EIA) Indexed Site

    ... Panama of Crude Oil and Petroleum Products (Thousand Barrels)","U.S. Imports from Papua New Guinea of Crude Oil and Petroleum Products (Thousand Barrels)","U.S. Imports from Peru ...

  20. Implications of Increasing U.S. Crude Oil Production

    U.S. Energy Information Administration (EIA) Indexed Site

    Implications of Increasing U.S. Crude Oil Production By John Powell June 18, 2013 U.S. crude oil production is up dramatically since 2010 and will continue to grow rapidly; this has implications for: John Powell June 18, 2013 2 * Refinery operations * Refinery investment * Logistics infrastructure investment * Exports of petroleum products * Exports of crude oil Increased U.S. crude oil production has resulted in: John Powell June 18, 2013 3 * Declines in U.S. crude imports * Changes to refinery

  1. Cushing, Oklahoma Stocks of Crude Oil and Petroleum Products

    Gasoline and Diesel Fuel Update (EIA)

    Petroleum Product Price Formation August 9, 2016 | Washington, DC An analysis of the factors that influence product prices, with chart data updated monthly, quarterly and annually Gasoline spot prices 2 Sources: U.S. Energy Information Administration, Bloomberg L.P. August 9, 2016 dollars per gallon Chicago CBOB New York Harbor Conventional gasoline Gulf Coast Conventional gasoline Los Angeles CARBOB Northwest Europe gasoline Singapore gasoline 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

  2. Microsoft Word - Oil and Gas Pipelines_Statement_Dr Daniel Fine...

    Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

    ... Oil and an natural gas price recovery are required indefinitely to stabilize population and job markets. Its oil production, following the infusion of technology innovation, is at ...

  3. Table 3.1 Fossil Fuel Production Prices, 1949-2011 (Dollars per Million Btu)

    U.S. Energy Information Administration (EIA) Indexed Site

    Fossil Fuel Production Prices, 1949-2011 (Dollars per Million Btu) Year Coal 1 Natural Gas 2 Crude Oil 3 Fossil Fuel Composite 4 Nominal 5 Real 6 Nominal 5 Real 6 Nominal 5 Real 6 Nominal 5 Real 6 Percent Change 7 1949 0.21 1.45 0.05 0.37 0.44 3.02 0.26 1.81 – – 1950 .21 1.41 .06 .43 .43 2.95 [R] .26 1.74 -3.6 1951 .21 1.35 .06 .40 .44 2.78 .26 1.65 -5.4 1952 .21 1.31 [R] .07 .45 .44 2.73 .26 1.63 -1.0 1953 .21 1.29 .08 .50 .46 2.86 .27 1.69 3.3 1954 .19 1.18 .09 .55 .48 2.94 .28 1.70 .7 1955

  4. Gulf of Mexico Federal Offshore Percentage of Crude Oil Production...

    Annual Energy Outlook [U.S. Energy Information Administration (EIA)]

    Production from Greater than 200 Meters Deep (Percent) Gulf of Mexico Federal Offshore Percentage of Crude Oil Production from Greater than 200 Meters Deep (Percent) Decade Year-0...

  5. Analysis of changes in OPEC's crude oil prices, current account, and surplus investments, with emphasis upon oil-revenue purchasing power - 1973 through 1980

    SciTech Connect (OSTI)

    Tadayon, S.

    1984-01-01

    The study sought to provide a comprehensive investigation of changes in the Organisation of Petroleum Exporting Countries (OPEC) crude oil prices, current-account balance, and current-account surplus investments abroad. The study emphasized analysis and, to some extent, quantification of the real value, or purchasing power, of OPEC oil revenues. The research approach was descriptive-elemental to expand upon characteristics of variables identified for the study. Research questions were answered by direct findings for each question. The method utilized for the study included document research and statistical analyses of data derived. The aim was to obtain complete and accurate information. The study compiled documented data regarding OPEC's crude oil prices, current-account balance, and current-account surplus investments abroad and analyzed the purchasing power of oil revenues as time passed and events occurred over the eight years from 1973 through 1980.

  6. Petroleum Products Table 31. Motor Gasoline Prices by Grade...

    U.S. Energy Information Administration (EIA) Indexed Site

    Annual 1995 Table 31. Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon Excluding Taxes) - Continued Geographic Area Month Premium All...

  7. Petroleum Products Table 31. Motor Gasoline Prices by Grade...

    U.S. Energy Information Administration (EIA) Indexed Site

    Annual 2000 Table 31. Motor Gasoline Prices by Grade, Sales Type, PAD District, and State (Cents per Gallon Excluding Taxes) - Continued Geographic Area Month Premium All...

  8. Petroleum Products Table 31. Motor Gasoline Prices by Grade...

    U.S. Energy Information Administration (EIA) Indexed Site

    at end of table. 31. Motor Gasoline Prices by Grade, Sales Type, PAD District, and State 56 Energy Information Administration Petroleum Marketing Annual 1996 Table 31. Motor...

  9. Table 5.18 Crude Oil Domestic First Purchase Prices, 1949-2011 (Dollars per Barrel)

    U.S. Energy Information Administration (EIA) Indexed Site

    8 Crude Oil Domestic First Purchase Prices, 1949-2011 (Dollars per Barrel) Year Alaska North Slope California Texas U.S. Average Nominal 1 Real 2 Nominal 1 Real 2 Nominal 1 Real 2 Nominal 1 Real 2 1949 – – – – NA NA NA NA 2.54 17.52 [R] 1950 – – – – NA NA NA NA 2.51 17.13 [R] 1951 – – – – NA NA NA NA 2.53 16.10 [R] 1952 – – – – NA NA NA NA 2.53 15.83 [R] 1953 – – – – NA NA NA NA 2.68 16.57 [R] 1954 – – – – NA NA NA NA 2.78 17.03 [R] 1955 – – – – NA NA NA NA 2.77 16.69

  10. U.S. crude oil production expected to top 9 million barrels per...

    U.S. Energy Information Administration (EIA) Indexed Site

    Many oil companies have cut back on their exploration drilling in response to falling crude prices and are concentrating their drilling activities in established shale areas that ...