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Posted February 25, 2020 Today in Energy

U.S. crude oil production increases; imports remain strong to support refinery operations ›

United States refineries are some of the most complex in the world and can process a wide range of crude oil qualities. Although U.S crude oil production has grown significantly since 2009, having access to imports from oil producers around the world provides refiners with the range of crude oil quality that is optimum for each refinery’s configuration, maximizes profitability, and enables the refinery to either supply petroleum products for domestic consumption or export at competitive prices. More

U.S. percentage of heavy imported crude oil with API gravity 25 degrees or less

Source: EIA, Monthly Foreign Crude Oil Acquisition Report 互联网彩票开售最新消息

Data Highlights

WTI crude oil futures price

2/24/2020: $51.43/barrel

down$0.62 from week earlier
down$5.83 from year earlier

Natural gas futures price

2/24/2020: $1.827/MMBtu

down$0.010 from week earlier
down$0.890 from year earlier

Retail gasoline price

2/24/2020: $2.466/gal

up$0.038 from week earlier
up$0.076 from year earlier

Retail diesel price

2/24/2020: $2.882/gal

down$0.008 from week earlier
down$0.166 from year earlier

Weekly coal production

2/15/2020: 11.415 million tons

down0.359 million tons from week earlier
down3.132 million tons from year earlier

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