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Oman’s petroleum and other liquids production reached record levels in 2016

September 5, 2017 Today in Energy 0

Oman set a new record with annual total oil production in 2016 exceeding 1 million barrels per day (b/d). Oman’s petroleum and other liquids production ranks seventh among the Middle Eastern countries. Oman is the largest oil producer in the Middle East that is not a member of the Organization of the Petroleum Exporting Countries (OPEC).

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Hurricane Harvey adds uncertainty to gasoline prices for the upcoming Labor Day weekend

September 1, 2017 Today in Energy 0

Hurricane Harvey, which first made landfall on August 25, 2017, has created considerable uncertainty for gasoline supply and prices, as the area affected by the hurricane is home to much of the nation’s petroleum infrastructure. On August 28, the U.S. …

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Seasonal swings in U.S. distillate inventories lower as consumption patterns change

August 31, 2017 Today in Energy 0

Changes in demand trends have significantly reduced the patterns of seasonality in U.S. distillate markets. Historically, distillate use in the United States was highly seasonal because of its use as a home heating fuel. However, over the past three de…

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Mexico publishes first monthly natural gas price index after moving to competitive market

August 30, 2017 Today in Energy 0

Mexico’s Energy Regulatory Commission (CRE) released their first monthly price report on August 18, 2017. As part of its ongoing series of energy reforms that reduce government market controls, the Mexican government converted to a liberalized natural gas market on July 1, 2017.

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Appalachian natural gas processing capacity key to increasing natural gas, NGPL production

August 29, 2017 Today in Energy 0

Natural gas processing capacity in the Appalachian region has grown dramatically over the past several years as producers try to keep pace with increasing natural gas production in the region. Natural gas processing plays a key role in the natural gas …

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Mexico’s shale-rich Burgos Basin opens to private investment for the first time

August 22, 2017 Today in Energy 0

In July 2017, Mexico’s national energy ministry (SENER) opened the onshore portion of the Burgos Basin, a shale-rich basin in northeastern Mexico, for natural gas exploration and development by private companies. This is the first time non-state entities were offered access to the Burgos Basin for development since the creation of the national oil company Petróleos Mexicanos (PEMEX) in 1938.

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Natural gas-fired electricity conversion efficiency grows as coal remains stable

August 21, 2017 Today in Energy 0

From 2006 to 2015, annual average heat rates of natural gas-fired electricity generators decreased 7% as heat rates of coal-fired electricity generators remained stable, increasing only 1%. Heat rates are calculated based on the amount of energy (measu…

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

August 18, 2017 Today in Energy 0

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.

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