Inventory grows as supply outpaces demand
April 15, 2019 By Mark Rachal
April is when we make the transition from monitoring heating-degree days and the impact of winter weather to…
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Producers extend deal to limit production. So what’s next?
December 4, 2017 By Mark Rachal and Dale Delay
Major producers, including OPEC countries and Russia, agreed to extend the production quotas implemented in January through the end of 2018.
Read More Crude inventory drawdown’s relation to crude production
August 21, 2017 By Mark Rachal and Dale Delay
Crude prices have been volatile throughout the August downtrend. They moved higher from mid-June through July, but dropped from $50.17 to below $47 in August.
Read More US refinery utilization, throughput kick into high gear
May 1, 2017 By Mark Rachal and Dale Delay
Last year, only slightly more than 20 percent of U.S. propane came from the refining of crude oil.
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US crude production offsets other production cuts
January 30, 2017 By Mark Rachal and Dale Delay
United States crude production increased 17,000 bpd last week. That put total U.S. production at 8.961 million bpd.
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Global crude markets continue to adjust to OPEC’s new role in production
January 4, 2016 By Mark Rachal and Dale Delay
West Texas Intermediate (WTI) crude is the U.S. benchmark crude. Brent crude has become the benchmark crude for…
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