February 2014

Trends and Resources

HP Industry Perspectives: New crude oil supplies stabilize oil prices

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 stabilizi..

Romanow, Stephany, Hydrocarbon Processing Staff

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. The figure also shows the effect from changing demand patterns. Developing nations increased their demand

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain IMMEDIATE ACCESS to the current issue as well as to 3 articles from the HP archives per month. $239 for an annual subscription.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain IMMEDIATE ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,695 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Nichols-Davis at  jnette.davis-nichols@gulfpub.com or +1 713.520.4426.

Related Articles

From the Archive

Comments