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Today in Energy

U.S. crude oil exports reached a record in 2023

U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was lifted...

Four countries could account for most near-term petroleum liquids supply growth

In 2023, the world produced an estimated 101.8 million barrels per day (b/d) of petroleum and other liquids: mostly crude oil but also lease condensate, natural gas liquids, biofuels, and other liquids from hydrocarbon sources. We expect the global petroleum and other liquids supply to increase by...

Winter storms have disrupted U.S. natural gas production

Over the last four winters, winter storms Uri (February 2021), Elliott (December 2022), and most recently, Heather (January 2024) interrupted weekly U.S. natural gas production by more than 15 billion cubic feet per day (Bcf/d), according to daily estimates from S&P Global Commodity Insights...

U.S. propane exports established a new record in December 2023

U.S. propane exports averaged a record 1.9 million barrels per day (b/d) in December 2023, the highest since we began collecting this data in 1973 in our Monthly Energy Review. Increased exports resulted from the highest propane price spread between the U.S. Gulf Coast and East Asia in a decade due...

United States produces more crude oil than any country, ever

The United States produced more crude oil than any nation at any time, according to our International Energy Statistics, for the past six years in a row. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S...

Washington State’s emissions allowance program held its first auctions in 2023

Washington State wrapped up its first full year of auctions for tradable emission allowances in December, as the state considers joining an integrated regional greenhouse gas reduction program with California and Québec. Read More...

Reduced refinery activity puts upward pressure on gasoline and diesel prices

Since early January 2024, U.S. refinery utilization has decreased 11%, falling as low as 81% during the two weeks ending February 9 and February 16, and briefly dropped below the five-year (2019–23) low. Although U.S. retail average prices for gasoline and diesel are below 2023 prices for this...

More productive wells spur U.S. crude oil production higher

U.S. crude oil production averaged 13.3 million barrels per day (b/d) in December 2023, following sustained productivity increases at new wells, according to our latest Petroleum Supply Monthly (PSM). U.S. crude oil production has increased to record highs since 2010 and has risen even more quickly...

Crude oil processing in China hit a record high in 2023

Crude oil processing, or refinery runs, in China averaged 14.8 million barrels per day (b/d) in 2023, an all-time high. The record processing came as the economy and refinery capacity grew in China following the country’s COVID-19 pandemic responses in 2022. Read More...

The United States remained the largest liquefied natural gas supplier to Europe in 2023

The United States was again the largest supplier of liquefied natural gas (LNG) to Europe (EU-27 and the UK) in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ. Last year marks the third consecutive year in which the United States supplied more LNG to Europe...

CountryMark

CountryMark Announces Ada Cuadrado as VP of Operations

INDIANAPOLIS, December 4, 2023 — CountryMark recently named Ada Cuadrado as vice president of operations leading the company’s refining, project management, regulatory and safety organizations. Read More......

Fueling Wishes Raises Over $28,000 to Fund Wishes of Two Hoosier Children in Need

CountryMark fuel stations in Greenfield, Indiana and Winslow, Indiana raised more than $28,000 during the month of September to fund the wishes of two local children battling life-threatening illness through CountryMark’s Fueling Wishes fundraiser. Read More......

Two CountryMark Fuel Stations will Host Fundraisers for Children in Need

CountryMark’s Fueling Wishes fundraiser is returning for the second year to fund the wishes of two Hoosier children battling critical illnesses. During the month of September, CountryMark is donating 20 cents for every gallon of fuel sold at the CountryMark station in Greenfield, IN and the CountryMark station in Winslow, IN to fund the wishes Read More......

CountryMark’s Fueling Freedom raises over $65,000 for local military families

CountryMark’s Fueling Freedom events on June 30 raised more than $65,000 to support local National Guard Solider and Family Readiness Groups (SFRG) and United Service Organizations. Across Indiana, Illinois, and Ohio, 34 CountryMark-branded fueling stations participated in Fueling Freedom 2023. For every gallon of fuel pumped, CountryMark and local branded dealers agreed to donate 50 Read More......

CountryMark Named One of Indiana’s Fastest Growing Companies

CountryMark was named this week by the Indianapolis Business Journal as one of the state’s fastest growing companies based on 2022 revenues. This was CountryMark’s first time to be included in the IBJ’s list of fast-growing companies. Read More......

CountryMark’s Fueling Wishes Raises Over $13,000 to Fund Wish of Shelby County Child Battling Critical Illness

Proceeds from the fundraiser resulted from CountryMark donating 20 cents per gallon from fuel sales during the month of August, in-store donations from customers, and matching of those customer donations from QuickPix convenience store operator Herdrich Petroleum Corp. Read More......

Fueling Wishes Fundraiser Launched at the CountryMark Station in Shelbyville, Indiana

During the month of August, CountryMark is donating 20 cents for every gallon of fuel pumped at the CountryMark QuickPix station in Shelbyville, IN to fund the wish of a local child battling a critical illness. Read More......

CountryMark’s Fueling Freedom raises over $63,000 for local military families

CountryMark’s Fueling Freedom events on June 24 raised more than $63,000 to support local National Guard Family Readiness Groups and Unite Service Organizations. Across Indiana, Illinois and Ohio, 34 CountryMark-branded fueling stations participated in Fueling Freedom 2022. For every gallon of fuel pumped, CountryMark and local branded dealers agreed to donate 50 cents to organizations Read More......

CountryMark Names New Vice President of Corporate Services

CountryMark recently named Mike Leland as vice president of corporate services leading the corporate teams of human resources, information technology, division order and management systems. Read More......

CountryMark fuel stations to raise money for military families with Fueling Freedom

Fuel up at a participating CountryMark fuel station during Fueling Freedom and 50 cents from every gallon of fuel sold will be donated to local organizations that support our military families! Read More......

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