Subscribe to our Mailing Lists (It's free!)
Wednesday, July 6, 2022
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    recaap isc

    ReCAAP ISC: Two incidents of armed robbery against ships in Asia

    qingdao cleaning up of enteromorpha

    Navigation issues in Qingdao waters due to cleaning up of Enteromorpha

    amsa compliance focus

    AMSA to enhance compliance focus for 2022-23

    imca lessons learned

    Lessons learned: Lift planning procedures must always be reviewed

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    port of esbjerg

    Port Esbjerg to receive green hydrogen from 2023

    world’s first LNG dual fuel Suezmax tanker

    World’s first LNG dual fuel Suezmax tanker begins operations

    msc hydrogen cruise ships

    MSC orders two hydrogen-fueled cruise ships

    europe hydrogen plant

    Europe’s largest green hydrogen plant to start operations in 2025

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    sweden ai search and rescue

    Sweden uses AI to improve search and rescue operations

    maersk tankers

    Maersk Tankers launches new tool to help ships track their emissions

    mayflower autonomous ship

    Mayflower Autonomous Ship completes transatlantic voyage

    k line ai

    K Line to use AI to protect cyber security of ship-shore communication

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    Cargo Vessel Allegedly Carrying Stolen Ukrainian Grain

    Windward: Cargo ship allegedly carrying stolen Ukrainian grain potential indicator of “more brazen Russia”

    paris mou

    2021 Paris MoU Annual Report

    one misdeclared cargo

    ONE to implement penalty fee for misdeclared cargo

    master first officer fined

    Master, First Officer to pay $75,000 for compliance breach in Great Barrier Reef

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    port of esbjerg

    Port Esbjerg to receive green hydrogen from 2023

    europe hydrogen plant

    Europe’s largest green hydrogen plant to start operations in 2025

    imo voyage together

    Korea donates $2M to IMO for its “Voyage Together” fund

    Novorossiysk terminal

    Russian court decided to temporarily close Novorossiysk terminal

  • Columns
    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    fire onboard

    Examining Ro-Ro/-Pax, PCTC fires

    IMO: Digitalization paves the way for smarter and greener shipping

    IMO: Digitalization paves the way for smarter and greener shipping

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    recaap isc

    ReCAAP ISC: Two incidents of armed robbery against ships in Asia

    qingdao cleaning up of enteromorpha

    Navigation issues in Qingdao waters due to cleaning up of Enteromorpha

    amsa compliance focus

    AMSA to enhance compliance focus for 2022-23

    imca lessons learned

    Lessons learned: Lift planning procedures must always be reviewed

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    port of esbjerg

    Port Esbjerg to receive green hydrogen from 2023

    world’s first LNG dual fuel Suezmax tanker

    World’s first LNG dual fuel Suezmax tanker begins operations

    msc hydrogen cruise ships

    MSC orders two hydrogen-fueled cruise ships

    europe hydrogen plant

    Europe’s largest green hydrogen plant to start operations in 2025

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    sweden ai search and rescue

    Sweden uses AI to improve search and rescue operations

    maersk tankers

    Maersk Tankers launches new tool to help ships track their emissions

    mayflower autonomous ship

    Mayflower Autonomous Ship completes transatlantic voyage

    k line ai

    K Line to use AI to protect cyber security of ship-shore communication

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    Cargo Vessel Allegedly Carrying Stolen Ukrainian Grain

    Windward: Cargo ship allegedly carrying stolen Ukrainian grain potential indicator of “more brazen Russia”

    paris mou

    2021 Paris MoU Annual Report

    one misdeclared cargo

    ONE to implement penalty fee for misdeclared cargo

    master first officer fined

    Master, First Officer to pay $75,000 for compliance breach in Great Barrier Reef

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    port of esbjerg

    Port Esbjerg to receive green hydrogen from 2023

    europe hydrogen plant

    Europe’s largest green hydrogen plant to start operations in 2025

    imo voyage together

    Korea donates $2M to IMO for its “Voyage Together” fund

    Novorossiysk terminal

    Russian court decided to temporarily close Novorossiysk terminal

  • Columns
    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    fire onboard

    Examining Ro-Ro/-Pax, PCTC fires

    IMO: Digitalization paves the way for smarter and greener shipping

    IMO: Digitalization paves the way for smarter and greener shipping

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

EIA forecasts increase in US crude oil production for 2019/2020

by The Editorial Team
November 22, 2019
in Fuels
ADNOC oil production

Above image is used for illustration purposes only / Credit: Shutterstock

FacebookTwitterEmailLinkedin

In November’s Short-Term Energy Outlook (STEO), EIA increases its US crude oil production forecast for year 2019 by 30,000 barrels per day, in comparison to October’s STEO; Similarly, on the contrary to October’s forecasts, EIA rose its 2020 crude oil production forecast by 119,000 bpd.

Accordingly, the increases for US’s crude oil production were based on:

  1. EIA’s upward revision to historical production in the Lower 48 states of about 90,000 b/d for August, based on EIA’s most recent monthly crude oil production survey data
  2. A higher initial production forecast for future wells that will be drilled in the Texas Permian region through 2020
  3. A slightly higher crude oil price forecast for the November 2019–January 2020 time period than in the October STEO

According to November’s STEO, EIA forecasts that U.S. benchmark West Texas Intermediate (WTI) crude oil price forecast by $2 per barrel (b) in November to $56/b and by $1/b in both December and January to $55/b and $54/b, respectively.

Permian crude oil production is also expected to increase in Texas and New Mexico are supported by crude oil pipeline infrastructure expansions that came online earlier this year. These expansions, which helped alleviate transportation bottlenecks and led to increased prices for WTI in Midland, Texas, (the price that producers may expect to receive in the Permian region) relative to prices for WTI-Cushing.

RelatedNews

Port Esbjerg to receive green hydrogen from 2023

Europe’s largest green hydrogen plant to start operations in 2025

EIA states that the Bakken region in North Dakota will be the one to achieve the largest crude oil production growth in 2019.

US crude oil production will rise to 12.3 million bpd in 2019, from the 11.0 million in 2018, boosted by the output in the Permian region.

Credit: EIA

Despite the fact that EIA forecasts that overall U.S. crude oil production will continue to increase, it expects that the growth rate will slow largely because of a decline in oil-directed rigs.

Although U.S. rig counts are experiencing a decrease, improvements in rig efficiency, which allows fewer rigs to drill the same number of wells, partially offsets declining rig counts. In addition, higher initial production from wells is offsetting some of the slowdown in rig counts.

To explore November’s STEO, click herebelow

Tags: EIAreportsUS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

port of esbjerg

Port Esbjerg to receive green hydrogen from 2023

July 6, 2022
world’s first LNG dual fuel Suezmax tanker

World’s first LNG dual fuel Suezmax tanker begins operations

July 6, 2022
MARITIME EVENTS

Newsletter

GET THE SAFETY4SEA IN YOUR INBOX!

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.