Global petroleum, other liquid fuel consumption to grow

February 8, 2018 0

The International Monetary Fund (IMF) recently forecast world Gross Domestic Product (GDP) would grow by 3.9% in both 2018 and 2019, rates both 0.2 percentage points higher than its previous forecast, the Energy Information Administration reports.

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Pace of working gas drawn from storage slows

February 5, 2018 0

Following six consecutive weeks when the volume of working gas pulled from storage week-to-week never dipped below 112 billion cubic feet (Bcf), for the week ended Jan. 26, the volume failed to reach triple digits, the Energy Information Administration reported.

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DUCs keep rising, EIA reports

January 17, 2018 0

The number of drilled, but uncompleted wells (DUCs) located in the Lower 48 U.S. states’ seven major producing plays rose by 2.1% from November to December, the Energy Information Administration’s January Drilling Productivity Report (DPR) found.

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