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Posted October 25, 2016Today in Energy

Offshore production nearly 30% of global crude oil output in 2015 ›

Global offshore oil production in 2015 was at the highest level since 2010, and accounted for nearly 30% of total global crude oil production. Offshore oil production increased in both 2014 and 2015, reversing consecutive annual declines from 2010 to 2013. Production from onshore tight oil plays has increased faster over the past several years and accounts for an increasing amount of total oil production. More

Source: EIA, based on Rystad Energy


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Data Highlights

WTI crude oil futures price

10/24/2016: $50.52/barrels

up$0.58 from week earlier
up$5.92 from year earlier

Natural gas futures price

10/24/2016: $2.831/MMBtu

down$0.413 from week earlier
up$0.545 from year earlier

Retail gasoline price

10/24/2016: $2.243/gal

down$0.014 from week earlier
up$0.015 from year earlier

Retail diesel price

10/24/2016: $2.478/gal

down$0.003 from week earlier
down$0.020 from year earlier

Weekly coal production

10/15/2016: 16.030 million tons

down0.538 million tons from week earlier
down0.625 million tons from year earlier


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