Tuesday, May 19, 2026
Fed's Bullard Says Rate Cut May Be Needed ‘Soon’ - Oil & Gas 360

U.S. Drillers Averaged 8.9 MMBOPD in 2016; EIA Forecasts 11% Production Jump in 2018

EIA forecasts 9.9 MMBOPD production in 2018; predicts Brent to average $54 in 2017, $57 in 2018 In its April 11, 2017 “Short Term Energy Outlook,” the EIA said that U.S. crude oil production averaged an estimated 8.9 million barrels per day in 2016. U.S crude oil production is forecast to average 9.2 million b/d in 2017 and 9.9 million

Marcellus Natural Gas Production Volumes Closely Follow Price

Production changes lag price by only 3 days Natural gas producers in the Marcellus and Utica are becoming more responsive to prices, according to analysis by Bloomberg. Improved pipeline infrastructure and technology have allowed producers to adjust production to respond to changes in price, taking advantage of upswings where possible. Computer-controlled wells allow adjusting output at will Advances like computer-controlled

U.S. Crude Imports up by 514 MBOEPD in 2016: EIA

Imports still 22% below peak in 2005 U.S. imports of crude oil increased to 7.9 MMBOPD in 2016, according to a note released today by the EIA. Total crude oil imports increased by 514 MBOEPD last year, continuing the growth seen in 2015. U.S. oil production decreased in 2016, as low oil prices discouraged activity. Despite the increase in 2016,