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Posted May 6, 2016Today in Energy

Recent U.S. imports of oil tend to be heavier than domestic production ›

In 2015, more than 70% of the crude oil produced in the Lower 48 states was light oil with an API gravity above 35 degrees. At the same time, 90% of imported crude oil was heavier, with a gravity below 35 degrees API. To accommodate increasing U.S. production of light crude oil, refineries have adjusted their imports by reducing imports of light crudes. More

Source: EIA, EIA-914 and EIA-814


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Data Highlights

WTI crude oil futures price

5/5/2016: $44.32/barrels

down$1.71 from week earlier
down$16.61 from year earlier

Natural gas futures price

5/5/2016: $2.076/MMBtu

down$0.002 from week earlier
down$0.700 from year earlier

Weekly coal production

4/30/2016: 11.259 million tons

up0.927 million tons from week earlier
down6.132 million tons from year earlier

Natural gas inventories

4/29/2016: 2,625 Bcf

up68 Bcf from week earlier
up861 Bcf from year earlier

Crude oil inventories

4/29/2016: 543.4 million barrels

up2.8 million barrels from week earlier
up56.4 million barrels from year earlier


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