Author: WeWorldMedia-admin

Oil prices and refinery margins fell slightly in first quarter of 2025

Published: 1 May 2025
Categories: US Energy Information Administration

RSS feed source: US Energy Information Administration

In-brief analysis

May 1, 2025

Data source: CME Group, Bloomberg L.P.
Note: Refinery margin is calculated as the 3-2-1 crack spread on the U.S. Atlantic Coast, which represents two barrels of gasoline and one barrel of distillate fuel oil minus three barrels of Brent crude oil. 1Q25=first quarter of 2025

During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In this quarterly update, we review petroleum markets price developments in 1Q25, covering crude oil prices, refinery margins, biofuel compliance credit prices, and natural gas plant liquids prices.

Crude oil prices
After reaching a quarterly high of $82 per barrel (b) on January 15, crude oil prices generally declined through the end of the first quarter, settling at $75/b

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Post Doctoral Fellow

Published: 30 April 2025
Categories: Eng Jobs Academic Keys

RSS feed source: US Energy Information Administration

The Department of River-Coastal Science and Engineering at Tulane University is seeking applicants for a Post Doctor appointment. We are specifically seeking outstanding applicants with a background in hydraulics, hydrology, coastal hydrodynamics and numerical modeling of riverine and coastal systems. This position reports to Dr. Ehab Meselhe.

Roles and Responsibilities:

·       Develop and apply numerical models, perform data analysis and interpretation of dynamic riverine and coastal systems and simulation results

·       Write technical papers, present at meetings, workshops and technical conferences

·       Conduct various research tasks such as code development and customizations as needed

·       Participate in field data collection in support of research and modeling activities

·       Participate in writing proposals to generate external funding streams.

The successful candidate will be a self-motivated, results-driven professional with sound judgement, excellent interpersonal skills, and the flexibility to adjust to changing priorities in a demanding, fast-paced environment. The department expects to

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U.S. oil companies spent less on interest over the last decade despite higher rates

Published: 30 April 2025
Categories: US Energy Information Administration

RSS feed source: US Energy Information Administration

In-brief analysis

April 30, 2025

Data source: Evaluate Energy
Note: Production expenses include costs of goods sold, operating expenses, and production taxes from company income statements. Interest expenses are in 2024 dollars and deflated using the Consumer Price Index.

Higher oil prices, increased drilling efficiency, and structurally lower debt needs have contributed to lower interest expenses for some publicly traded U.S. oil companies over the past decade, despite the level of interest rates across the economy being relatively high.

Based on the published financial reports of 26 U.S. publicly traded oil companies, interest expenses per barrel of oil equivalent (BOE)—a measure that accounts for crude oil, hydrocarbon gas liquids, and natural gas production—in 2024 were about $1.50/BOE, or around 6% of production expenses. In real dollar terms and as a share of production expenses, interest

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