Historically, standard futures contracts for heating oil allowed for delivery of product with sulfur content up to 2,000 parts per million (0.2%). Beginning with the May 1, 2013 contract, the New York […]

The difference between the U.S. average retail price for premium and regular gasoline—the premium for premium—reached 30 cents per gallon for the first time at the end of 2012, a level that has been maintained […]

The average U.S. retail price of regular gasoline rose from $3.25 per gallon on December 17, 2012, to $3.78 per gallon on February 25, 2013. The increase is not unusual, as gasoline prices typically rise for […]

The retail price for regular gasoline is expected to average $3.63 per gallon during this summer driving season, slightly below average prices over the last two summers, according to the U.S. Energy […]

In early 2013, Sinochem, a Chinese company, entered into a $1.7 billion joint venture with Pioneer Natural Resources to acquire a stake in the Wolfcamp Shale play in West Texas. This investment highlights a […]

India is the fourth-largest energy consumer in the world, trailing only the United States, China, and Russia. In 2012 India had the tenth-largest economy in the world as measured in 2012 U.S. dollars […]

Monthly crude oil production in the United States is expected to exceed the amount of U.S. crude oil imports later this year for the first time since February 1995. The gap between monthly U.S. crude oil […]

Syria’s energy sector has been challenged since the onset of civil discord in March 2011, and it has been severely hindered by continuous fighting between government and opposition forces and the effects of […]

Beginning in summer 2012, the prices of ethanol and corn reached levels where production costs at relatively simple ethanol plants exceeded revenue. These simple plants, which are not able to recover corn […]

Saudi Arabia was the world’s largest producer and exporter of petroleum and other liquids in 2012, producing an average of 11.6 million barrels per day (bbl/d) and exporting an estimated 8.6 million bbl/d […]

U.S. crude oil production exceeded an average 7 million barrels per day (bbl/d) in November and December 2012, the highest volume since December 1992. The end-of-year data were reported on February 27 in EIA’s<a […]

The average U.S. retail price for regular motor gasoline is up about 45 cents per gallon since the start of 2013, reaching $3.75 per gallon on February 18. The rise in gasoline prices is partly due to higher […]

Gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4% of income before taxes, according to EIA estimates. This was the highest estimated percentage of […]

In the News:
Natural gas dry production in Rocky Mountain region rebounds following cold snap.
Natural gas dry production at selected points in the United States Rocky Mountain region have rebounded during the […]

Source: U.S. Energy Information Administration, Petroleum Supply Monthly.

U.S. crude oil production (including lease condensate) averaged almost 6.5 million barrels per day in September 2012, the highest […]

Sources: U.S. Energy Information Administration, based on Statistics Canada.

The United States and Canada form the largest integrated energy market in the world. Energy trade between these countries […]

Source: Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran

The volume of unplanned oil production disruptions among countries not in the Organization of the […]

Crude Oil Prices
Prices: Crude oil prices decreased slightly in October with most of the decline coming at the end of the month. The Brent and West Texas Intermediate (WTI) front month futures contracts decreased […]

In the News:
Although Storage Injections Are Below Historical Levels, Inventories Remain High
Working natural gas levels as of September 21 were at 3,576 Bcf, representing an implied net injection of 80 Bcf from […]

There are two commonly referenced measures of market price uncertainty: historical volatility and implied volatility. Historical volatility measures how much prices have varied in the past, and implied volatility […]