Crude Oil

Mexico-U.S. petroleum trade

Mexico is a net exporter of oil by the broadest measure that encompasses both crude oil and petroleum products. FULL STORY »

Absorbing increases in U.S. crude oil production

U.S. crude oil production has been rising in recent years following a decline from 9 million barrels per day (bbl/d) in 1985 to 5 million bbl/d in 2008. FULL STORY »

Gasoline price down less than a penny, diesel drops six cents

The U.S. average retail price of regular gasoline decreased less than one cent to remain at $3.54 per gallon as of April 22, 2013, down 33 cents from last year at this time. FULL STORY »

LLS-Brent differential has narrowed from its recent high

Since reaching a 2013 high of $119 per barrel in mid-February, the spot price of Brent crude oil, the global seaborne light sweet benchmark crude, fell by $19 per barrel, settling at $100 per barrel on April 22. FULL STORY »

The changing premium for premium gasoline

In late 2012, the difference between the U.S. average retail prices for premium gasoline and regular gasoline reached 30 cents per gallon for the first time, a level at which it has remained for most of 2013. FULL STORY »

Gas prices expected to average $3.63 per gallon during summer

The U.S. average retail price for a gallon of regular gasoline has fallen for six consecutive weeks since hitting its 2013 year-to-date peak of $3.78 per gallon in late February. FULL STORY »

Crude oil markets continue to adjust to rise in N.D. production

The differential between West Texas Intermediate (WTI) and North Dakota's Bakken crudes continues to fluctuate, reflecting both production growth and changes in oil transportation capacity. FULL STORY »

Midwest refineries boost capacity for heavy crude oil

Despite recent national attention on rising domestic production of light sweet crude oil, especially from tight oil formations in North Dakota, some Midwest refiners are reconfiguring their facilities to process more heavy crude oil, which will likely come from Canada. FULL STORY »

Total U.S. crude oil imports continue to decline in 2012

At 8.5 million barrels per day (bbl/d), U.S. crude oil imports in 2012 were the lowest for any year since 1997, as growing domestic crude oil production drove a 444,000 bbl/d (5.0 percent) decline from the 2011 import level. FULL STORY »

OPEC crude oil production seen declining in 2013

Total crude oil production by the members of the Organization of the Petroleum Exporting Countries (OPEC) averaged 30.3 million barrels per day (bbl/d) in fourth-quarter 2012, down from 31.1 million bbl/d in the prior quarter. FULL STORY »

Gasoline and diesel fuel prices both fall again

The U.S. average retail price of regular gasoline decreased five cents to $3.71 per gallon, down 12 cents from last year at this time. FULL STORY »

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AG10 Series Silage Defacers

Loosen silage while maintaining a smooth, compacted bunker space resulting in better feed and less waste. This unique tool pierces, ... Read More

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