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Posted August 18, 2017Today in Energy

The Danish and Turkish Straits are critical to Europe’s crude oil and petroleum trade ›

The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015. More


Source: EIA, 2017 World Oil Transit Chokepoints

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WTI crude oil futures price

8/17/2017: $47.09/barrels

down$1.50 from week earlier
up$0.30 from year earlier

Natural gas futures price

8/17/2017: $2.929/MMBtu

down$0.056 from week earlier
up$0.310 from year earlier

Weekly coal production

8/12/2017: 16.469 million tons

up0.342 million tons from week earlier
up1.235 million tons from year earlier

Natural gas inventories

8/11/2017: 3,082 Bcf

up53 Bcf from week earlier
down254 Bcf from year earlier

Crude oil inventories

8/11/2017: 466.5 million barrels

down8.9 million barrels from week earlier
down24.0 million barrels from year earlier

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