U.S. ethanol production capacity continues to increase

Fuel ethanol production capacity in the United States reached 15.5 billion gallons per year, or 1.01 million barrels per day (b/d), at the beginning of 2017, according to EIA’s most recent U.S. Fuel Ethanol Plant Production Capacity report. Total capacity of operable ethanol plants increased by about 4%—or by more than 600 million gallons per […]

U.S. Oil Stocks Jump, Force Prices Down

Oil prices collapsed on June 7th. They had been on a downward path since the close of the OPEC-NOPEC meeting on May 25th, but news of a potentially large drawdown in crude stocks appeared to arrest the downward trend on Tuesday, June 6th. The American Petroleum Institute (API) reported that crude inventories dropped by 4.6 […]

Mexico and the U.S.: Comparison of Crude Production Trends

In North America, shared borders stimulate trade. Mexico’s top trading partner is the United States. The United States’ top trading partner is Canada, followed closely by Mexico. In this briefing, we compare and contrast crude oil production in Mexico and the U.S. Both the U.S. and Mexico possess massive oil resources. Mexico nationalized its oil […]

Today’s Market Trend

WTI crude prices retreated to the $52.00-$52.50/b range this morning. Yesterday morning brought a price surge, followed by a sell-off that continued overnight. WTI opened at $52.75/b today, a decrease of $0.22 below Thursday’s opening price. Current prices are $52.30/b, $0.35 below Monday’s close. Product prices also surged yesterday morning before heading down again. Diesel […]

U.S. crude oil imports increased in 2016

Gross U.S. crude oil imports in 2016 rose to an average of 7.9 million barrels per day (b/d), 514,000 b/d more than the 2015 average. Net crude oil imports increased by a smaller amount (460,000 b/d), as U.S. crude oil exports rose despite a decline in U.S. crude oil production. From a longer term perspective, […]

Increase in rail shipments of propane, butane to West Coast offsets decreasing production

Total U.S. production of propane and butanes—commonly referred to as liquefied petroleum gases (LPG)—increased to 2.1 million barrels per day (b/d) in 2016. Production increased in all regions of the country except for the West Coast (Petroleum Administration for Defense District, or PADD 5). Unlike other regions, West Coast LPG production has been decreasing since […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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