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Posted September 19, 2014Today in Energy

Russia looks beyond West Siberia for future oil and natural gas growth ›

Russia was the world's largest producer of crude oil (including lease condensate) and the world's second-largest producer of dry natural gas in 2013. Most of Russia's crude oil and natural gas production occurs in West Siberia, a part of central Russia that stretches from the northern border of Kazakhstan to the Arctic Ocean. However, new technologies, growing Asian markets, and Western sanctions have the potential to shift the regional balance of Russian oil and natural gas production in the long term. More

Source: EIA, Eastern Bloc Research, IHS EDIN


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Data Highlights

WTI crude oil futures price

9/18/2014: $93.07/bbl

up$0.24 from week earlier
down$15.00 from year earlier

Natural gas futures price

9/18/2014: $3.910/mmBtu

up$0.087 from week earlier
up$0.197 from year earlier

Weekly coal production

9/13/2014: 19.176 million tons

up0.023 million tons from week earlier
down0.601 million tons from year earlier

Natural gas inventories

9/12/2014: 2,891 Bcf

up90 Bcf from week earlier
down401 Bcf from year earlier

Crude oil inventories

9/12/2014: 362.3 mmbbl

up3.7 mmbbl from week earlier
up6.6 mmbbl from year earlier


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