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Current Issues & Trends


Reporting oil companies’ proved reserves in 2016 decline for second consecutive year

internationalliquid fuelsoil sandsoil/petroleumreserves

6/12/2017

Oil companies’ proved reserves decline for second consecutive year as finding costs remain near historical average

internationaloil sandsoil/petroleumreserves

6/1/2017

U.S. oil producers increased investment in fourth quarter of 2016

liquid fuelsoil/petroleumproduction/supply

4/3/2017

U.S. oil producers issued record equity in 2016 and increased investment in the final quarter

United Statescrude oildrillingpricesproduction/supply

3/29/2017

EIA’s short-term global oil demand outlook considers the role of economic activity

internationalliquid fuelsoil/petroleum

2/15/2017

U.S. energy trade with Mexico: U.S. export value more than twice import value in 2016

Mexicocrude oilexports/importsliquid fuelsnatural gasoil/petroleumpetroleum products

2/9/2017

With low oil prices in 2016, federal revenues from energy on federal lands again declined

liquid fuelsoil/petroleumproduction/supply

1/24/2017

Energy commodity prices rose more than other commodity sectors in 2016

dieselgasolineliquid fuelsnatural gasoil/petroleumprices

1/3/2017

Quarterly upstream earnings positive for the first time since 2014

futuresoil/petroleumpricesproduction/supply

12/14/2016

Stable oil prices, improving credit conditions contributing to rise in merger and acquisition activity

STEO (Short-Term Energy Outlook)Texascrude oiloil/petroleumpricesproduction/supplyrig count

11/2/2016

Short positions in U.S. crude oil futures held by producers, merchants at nine-year high

STEO (Short-Term Energy Outlook)crude oilproduction/supply

10/24/2016

Low oil prices have affected Russian petroleum companies and government revenues

Russiainternationalliquid fuelsnatural gasoil/petroleum

10/20/2016

Narrowing crude oil price differences contribute to global convergence of refining profits

crack spreadinternationalliquid fuelsoil/petroleumrefining

9/8/2016

OPEC members' net oil export revenue in 2015 drops to lowest level since 2004

OPECexports/importsliquid fuelsoil/petroleum

8/26/2016

Changing crude oil price differentials contribute to global convergence of refining profits

crack spreadinternationaloil/petroleumrefining

8/24/2016

Declining economic activity and oil revenues in Russia are adversely affecting its regional neighbors

EuropeRussiacrude oil

8/3/2016

New EIA website spotlights key drivers of petroleum product prices

STEO (Short-Term Energy Outlook)crack spreadcrude oilfuturesgasolineliquid fuelsproduction/supplyrefining

8/1/2016

U.S. oil companies closer to balancing capital investment with operating cash flow

crude oildrillingliquid fuelsproduction/supply

7/18/2016

Oil companies focus on production over exploration as low oil prices reduce value of new reserves

crude oilinternationaloil/petroleumpricesproduction/supplyreservesresources

5/25/2016

China’s diesel exports put downward pressure on Asia-Pacific crack spreads

Chinadieselexports/importsinternationaloil/petroleumpricesrefining

5/18/2016

Declining energy prices lower the cost of living

crude oilliquid fuelsnatural gaspricesresidential

5/3/2016

Crude oil prices rise and contango narrows, but high inventories should constrain further price increases

STEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)crude oilfuturesinventories/stocksprices

4/27/2016

2015 financials reveal significant differences across U.S. onshore-only producers

liquid fuelsoil/petroleumpricesproduction/supplyreserves

4/20/2016

State taxes on gasoline and diesel average 27 cents per gallon

dieselgasolineliquid fuelsoil/petroleumpricesstatestaxestransportation

4/19/2016

EIA lowers its crude oil price forecast

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)crude oiloil/petroleumprices

3/9/2016

Canada, Mexico, United States launch North American Cooperation on Energy Information site

CanadaMexicoUnited Statesinternational

2/16/2016

U.S. mining and exploration investment declined 35% in 2015

crude oilminingprices

2/10/2016

Changing contract expiration dates will affect crude oil futures comparisons

BrentWTI (West Texas Intermediate)futuresliquid fuelsoil/petroleumprices

1/26/2016

Crude oil prices will remain relatively low through 2016 and 2017

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)oil/petroleumprices

1/13/2016

State severance tax revenues decline as fossil fuel prices drop

AlaskaOklahomaTexasWest VirginiaWyomingcoalnatural gasoil/petroleumstates

1/12/2016

Prices for oil and natural gas commodities fell during 2015

dieselgasolineliquid fuelsnatural gasoil/petroleumprices

1/4/2016

Before recent transfer, Highway Trust Fund had reached its lowest level in years

generationtaxestransportation

11/10/2015

Debt service uses a rising share of U.S. onshore oil producers’ operating cash flow

liquid fuelsoil/petroleumpricesproduction/supply

9/18/2015

U.S. onshore producers face challenging times

United Statescrude oiloil/petroleumpricesproduction/supply

9/10/2015

Beyond Shell-BG, oil company merger activity is down

liquid fuelsoil/petroleum

7/22/2015

Refiner margins unable to fully offset low upstream earnings for integrated oil companies

crack spreadcrude oildistillate fuelgasolineliquid fuelsrefining

6/17/2015

Energy resource permanent funds vary by purpose and state

AlaskaLouisianaNorth DakotaWyomingcoalcrude oilnatural gasstatestaxes

4/30/2015

Assessing 2014 oil and gas company financials

oil/petroleumprices

4/29/2015

Year in Review: Crude Oil Prices 2014

BrentOPECcrude oilfuturesnon-OPECoil/petroleumpricesproduction/supply

4/28/2015

Price declines can affect companies’ proved reserves

oil/petroleumpricesreserves

4/15/2015

Past Issues & Trends

December Short-Term Energy Outlook forecasts non-OPEC production decline in 2016 December 9, 2015

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)crude oilexports/importsoil/petroleumprices

Oil companies announce significant write-downs in third-quarter 2015 November 18, 2015

liquid fuelsoil/petroleumreserves

October Short-Term Energy Outlook lowers crude price forecast for 2016 November 12, 2015

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)crude oiloil/petroleumprices

Sustained low oil prices could reduce exploration and production investment September 23, 2015

United Statescrude oilpricesproduction/supply

EIA projects lower gasoline prices despite recent demand growth September 16, 2015

STEO (Short-Term Energy Outlook)crude oilexports/importsgasolinepriceswholesale prices

August Short-Term Energy Outlook lowers crude price forecast for 2015 and 2016 August 12, 2015

BrentOPECWTI (West Texas Intermediate)crude oiloil/petroleumpricesproduction/supply

June Short-Term Energy Outlook reduces crude oil price forecast based on supply June 10, 2015

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)crude oiloil/petroleumprices

EIA updates crude oil price forecast for 2015 and 2016 May 13, 2015

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)drillingexports/importsproduction/supply

EIA's Annual Energy Outlook will be released later today April 14, 2015

forecasts/projections

Retail gasoline prices for summer 2015 are projected to be more than $1/gallon lower than last summer April 8, 2015

STEO (Short-Term Energy Outlook)gasolineoil/petroleumprices

Financial hedging helps some producers mitigate effect of falling oil prices April 2, 2015

liquid fuelsoil/petroleumprices

Upstream capital expenditure declined 12% year-over-year in fourth-quarter 2014 March 25, 2015

Brentcrude oilinternationalnatural gasproduction/supply

Direct Federal Financial Interventions and Subsidies in Energy in Fiscal Year 2013 March 13, 2015

Congressional & other requestsbiofuelscoalelectricityliquid fuelsnuclearoil/petroleumrenewablessolarwind

U.S. crude oil inventories increase as WTI contango deepens March 11, 2015

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)consumption/demandcrude oilexports/importsoil/petroleumprices

Potential market implications of outage at ExxonMobil's Torrance, California refinery February 25, 2015

Californiadieselgasolineinventories/stocksliquid fuelsmaintenanceoil/petroleumoutagespricesrefining

Appreciation of the U.S. dollar moderates recent decline in crude oil prices for some oil-producing nations February 19, 2015

BrentSaudi Arabiaprices

EIA expects gasoline demand to increase by nearly 1% in 2015 February 11, 2015

STEO (Short-Term Energy Outlook)consumption/demandgasolineprices

Market balances are reflected in changing futures price spreads January 28, 2015

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)futuresinventories/stocksoil/petroleumprices

Falling gasoline prices: the influence of crude oil prices and other factors January 22, 2015

Brentcrude oilgasolineinventories/stocksliquid fuelsspot prices

Market expectations of oil price uncertainty have increased in recent months January 14, 2015

BrentSTEO (Short-Term Energy Outlook)WTI (West Texas Intermediate)crude oilliquid fuelsprices

Energy had larger price declines than most nonenergy commodities in 2014 January 5, 2015

BrentWTI (West Texas Intermediate)crude oilliquid fuelsoil/petroleumprices

OPEC net oil export revenues expected to fall in 2014 and 2015 December 17, 2014

OPECinternationalliquid fuelsoil/petroleum

Third-quarter results for North America-focused crude oil producers November 26, 2014

WTI (West Texas Intermediate)oil/petroleumpricesshale

Role of benchmarks in the global crude oil market October 16, 2014

BrentWTI (West Texas Intermediate)crude oilfuturesoil/petroleumprices

Lower crude feedstock costs contribute to North American refinery profitability June 5, 2014

EuropeGulf Coastcrude oilrefiningreserves

Texas and Rockies natural gas mitigates disruption from Wyoming processing plant explosion May 1, 2014

CaliforniaWyomingnatural gaspipelinespricesspot pricesstates

Global upstream oil and gas spending continues to favor exploration and development April 25, 2014

internationalliquid fuelsoil/petroleumpricesproduction/supply

Brent crude oil trading range in 2013 was narrowest since 2006 March 4, 2014

Brentcrude oilliquid fuelsoil/petroleumprices