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EIA: US had less wells but bigger crude oil and natural gas production in 2017

The total number of wells producing crude oil and natural gas in the US fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014, while, in 2017, the daily production rates of individual wells contributed to an increase of US total crude oil and natural gas production, according to EIA. This reflects the advances in technology and drilling techniques, EIA noted.

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How low Rhine water levels disrupt petroleum shipments to Europe

Historically low water levels on the Rhine River have resulted in disruptions for shipments of petroleum products, which in turn have resulted in higher freight costs and higher prices in markets upriver, such as in southern Germany, EIA informed. These disruptions are occurring in a major transportation corridor at the period when markets typically build inventories of distillate fuel for space heating ahead of winter.

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