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Posted October 27, 2016Today in Energy

Low tanker rates are enabling more long-distance crude oil and petroleum product trade ›

Recent expansion of the global crude oil and petroleum product tanker fleet has resulted in falling or lower tanker rates for much of 2016 that have widened the geographic scope for economically attractive trade at a time when inventories of both crude oil and petroleum products are at high levels. More

Source: EIA, based on Bloomberg and London Tanker Brokers' Panel


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Data Highlights

WTI crude oil futures price

10/25/2016: $49.96/barrels

down$0.33 from week earlier
up$5.98 from year earlier

Natural gas futures price

10/25/2016: $2.774/MMBtu

down$0.489 from week earlier
up$0.712 from year earlier

Retail gasoline price

10/24/2016: $2.243/gal

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

Crude oil inventories

10/21/2016: 468.2 million barrels

down0.6 million barrels from week earlier
up20.2 million barrels 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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