BIC Magazine » Commodities
8 FOLLOWERS
BIC Magazine reports on the most recent commodity news for oil, natural gas, renewables, and other energy related resources. BIC Magazine's mission is to connect people in business and industry with one another for the betterment of all. Leading companies that provide services and products to the industrial market use BIC Magazine to get their message in front of key decision makers.
BIC Magazine » Commodities
2d ago
U.S. distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity and continued substitution of biofuels in place of petroleum distillate on the U.S. West Coast ..read more
BIC Magazine » Commodities
1w ago
Oil prices slipped lower after Iran's weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels ..read more
BIC Magazine » Commodities
3w ago
Petroleum product exports from the United States averaged a record 6.1 million barrels per day (b/d) in 2023, a 2.5% increase from 2022, according to the EIA's Petroleum Supply Monthly ..read more
BIC Magazine » Commodities
1M ago
The EIA now forecasts significantly less global oil production than world oil consumption through the first half of 2024, requiring draws on world petroleum stocks ..read more
BIC Magazine » Commodities
1M ago
U.S. motorists are likely to see gasoline prices turn sharply higher in the coming weeks as major refinery outages have cut supplies ahead of a seasonal jump in demand, analysts said ..read more
BIC Magazine » Commodities
2M ago
The U.S. benchmark Henry Hub daily natural gas price averaged $1.50 per million British thermal units on February 20, 2024, the lowest price in inflation-adjusted dollars since at least 1997, according to data from Refinitiv Eikon ..read more
BIC Magazine » Commodities
2M ago
Spot petroleum product prices at the Chicago trading hub are increasing after an unplanned outage of bp’s refinery in Whiting, Indiana, on February 1 ..read more
BIC Magazine » Commodities
3M ago
As domestic consumption of U.S. coal declines in the near term, the EIA expects exports to account for a larger share of total U.S. coal consumption, according to its recently released Short-Term Energy Outlook (STEO ..read more
BIC Magazine » Commodities
3M ago
In 2023, additional refinery capacity came online, raising U.S. operable refinery capacity from 18.06 million barrels per day (b/d) in January 2023 to 18.31 million b/d in December 2023 ..read more
BIC Magazine » Commodities
3M ago
The department said it bought the oil, for delivery to a site in Big Spring, Texas, for an average of $77.31 a barrel, below the average of $95 a barrel that oil sold for in 2022 ..read more