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Feb 10, 2021 · Though production was down significantly overall in Illinois last year, monthly production levels trended upward in the second half of the year as oil prices recovered modestly following the worst of the demand and oil price shock in the spring.
Jul 30, 2020 · Illinois crude oil production in the first half of 2020 was 8.3 percent below levels seen in the first half of 2019, totaling 3,663,050 barrels. However, Illinois oil output returned to more typical pre-COVID-19 pandemic production levels in June.
Mar 9, 2021 · In January 2020, U.S. crude oil production reached a peak of 12.8 million b/d. In March 2020, crude oil prices decreased because of the sudden drop in petroleum demand that resulted from the global response to the coronavirus (COVID-19) pandemic.
Jan 29, 2021 · The U.S. Energy Information Administration (EIA) estimates that the world consumed 92.2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020, a 9% decline from the previous year and the largest decline in EIA’s series that dates back to 1980.
Apr 20, 2020 · Demand for oil has all but dried up as lockdowns across the world have kept people inside. As a result, oil firms have resorted to renting tankers to store the surplus supply and that has...
Feb 9, 2021 · Not surprisingly, the TIPRO report finds that Illinois upstream oil and natural gas production industry jobs were down 19 percent last year. The oil price demand and price shock created by the COVID-19 pandemic had an even bigger negative impact nationally, as upstream jobs were down 24 percent across the country.
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May 8, 2020 · Oil production in Illinois has been on the decline for many years, but a steep drop in demand brought on by the economic slowdown spurred by the COVID-19 pandemic has
