Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher

New crude oil supplies stabilize oil prices

02.01.2014  |  Romanow, Stephany,  Hydrocarbon Processing Staff, Houston, TX

Keywords: [crude oil] [WTI] [Brent] [shale oil;] [China]

A new US Energy Information Administration (EIA) report highlighted a positive trend unfolding within the global energy market. The rise in US crude oil production has greatly contributed to stabilizing crude oil prices. As shown in Fig. 1, the annual averaged prices for West Texas Intermediate (WTI) and North Sea Brent crudes have been on a “roller coaster” of highs and lows. It is very easy to identify the recessions in Fig. 1, when demand and oil prices dropped.

 
  Fig. 1. Average annual spot prices
  for Brent and WTI crudes, 2002–2013.



To continue reading please, log in to hydrocarbonprocessing.com.

Subscribe now for premium access and unlimited access to the site, including archived articles and the process handbooks.  Start a free trial to gain access to articles from the current issue of Hydrocarbon Processing. 


Already have an account?

Subscribe

Subscribe today and gain unlimited and immediate access to the site. Plus, you'll receive the next 12 issues of the magazine in your choice of print or digital format. Start your subscription today.

Free trial

Start a free trial and gain immediate access to the current issue of the magazine plus additional, select content.

30 Day Trial




Related articles

FEATURED EVENT



Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


68%

32%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.