Between November 30 and December 05, 2022, the WTI (Western Texas Intermediate) crude oil contracts closed trading at US$ 76.83, losing 1.4% in a week, and US$ 4.40 more than a year ago. The spread with Brent Crude Oil Spot Price on December 05, was US$6.53.
U.S. oil production averaged 12.200 million barrels per day, 0.83% more than 1 week ago, but 0.500 MMB/D more than 1 year ago.
Crude Oil and Petroleum Products imports to the U.S. equated to 8.331 MMB/D, up 0.385 MMB/D from one week ago and a decrease of 0.440 MMB/D compared to one year back. On the other hand, U.S. Crude Oil and Petroleum exports reached 9.725 MMB/D, 2.051 MMB/D down from one week ago and exceeding 1.724 MMB/D relative to one year ago.
U.S. crude oil refinery net inputs reached 16.585 MMB/D, down 0.053 MMB/D from one week ago and up 0.915 MMB/D compared to the same period last year.
Regarding the number of days of crude oil supply in the U.S., the week ended with the mark of 25.2, 0.5 days less than one week ago, and down 2.1 days compared to one year ago.
In relation to petroleum derivatives, we had the following price changes during the week:
|Product (NY Harbor)||
Price per gallon
|Conventional Gasoline||US$ 2.048||-4.07%||US$ -0.124|
|Heating Oil||US$ 2.816||-9.07%||US$ 0.684|
|Diesel Fuel (Ultra-low-sulfur)||US$ 2.746||-9.73%||US$ 0.474|
|Kerosene||US$ 2.628||-7.79%||US$ 0.501|
The Henry Hub spot price fell by US$ 1.450 from November 29, to close at US$ 4.580 MMBtu on December 05. Compared to one year ago, the NG price increased by US 0.790 MMBtu.
The total supply of U.S. natural gas was 112.4 billion cubic feet in the week ending on 12/05, which is 1.3 bcf/d less than a week ago and 4.3 bcf/d more than a year ago. Concerning U.S. demand, the last measured week reached 90.7 bcf/d, up 6.7 bcf/d from a week ago and up 2.4bcf/d during a year.
The most recent U.S. price indicators for electricity (01/1970) indicate an average residential retail price of US$ 16.32/kWh (18.69% in one year), an average industrial price of US$ 9.34/kWh (30.45% in one year) and an average transportation price of 12.48/kWh (18.86% in one year).
Electricity Generation (Megawatthours - daily average):
|Source||12/05/2022||% Change 1 Week||% Change 1 Year|
EIA Price Forecast
WTI (dollars per barrel)
Brent (dollars per barrel)
Natural Gas (dollars per thousand cubic feet)
Electricity - Residential Retail (cents per kilowatt-hour)
Fuel prices in the European Union – December 05, 2022
|Gas oil automobile Automotive gas oil Dieselkraftstoff
|Gasoil de chauffage
Heating gas oil
|Fuel oil -Schweres Heizöl(III)Soufre|
|CE/EC/EG EUR27_2020 (IV)
This weekly Energy Report was crafted by Planck E with sources from: https://www.eia.gov/ and https://energy.ec.europa.eu/
For emission reduction purposes, we recommend the book The Science behind Carbon Credits and their Calculation.
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