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.


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.


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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