Crude oil prices trended downward through 2025, driven by a global supply glut and slower demand growth, according to a new analysis from the U.S. Energy Information Administration (EIA). In its Today in Energy report [Read more]
This article was published by the US Energy Information Administration on Feb. 13, 2025. By Kenya Schott We forecast that worldwide production of petroleum and other liquids in 2025 and 2026 will grow more in non-OPEC+ countries [Read more]
This article was published by the US Energy Information Administration on Jan. 21, 2025. By Jeff Barron and Sean Hill We forecast benchmark Brent crude oil prices will fall from an average of $81 per [Read more]
This article was published by The Energy Mix on Jan. 7, 2025. By Mitchell Beer After deriding the last 3½ years of net-zero scenarios from the International Energy Agency, the Organization for Petroleum Exporting Countries [Read more]
This article was published by the US Energy Information Administration on March 21, 2024. By Jeff Barron and Sean Hill We increased our forecast prices for crude oil and petroleum products for the remainder of [Read more]
This article was published by the US Energy Information Administration on Feb. 5, 2024. By Kimberly Peterson, Eric Han The United Arab Emirates (UAE) has invested heavily in increasing hydrocarbon production capacity and developing midstream [Read more]
This article was published by the US Energy Information Administration on Sept. 25, 2023. By Matthew French Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of [Read more]
This article was published by the US Energy Information Administration on July 19, 2023. By Jeff Barron We forecast higher crude oil prices in the second half of 2023 and into 2024 in our latest Short-Term [Read more]
This article was published by the US Energy Information Administration on May 22, 2023. By Matthew French We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term [Read more]
This article was published by the US Energy Information Administration on May 9, 2023. By Sean Hill, Owen Comstock The Organization of the Petroleum Exporting Countries, also known as OPEC, was formed in 1960 by Iraq, Iran, [Read more]
This article was published by the US Energy Information Administration on May 5, 2021. By Jozef Lieskovsky, Matt French, Richard Yan Voluntary OPEC production cuts have been contributing to reduced US crude oil imports from OPEC [Read more]
This article was published by the Canada Energy Regulator on June 24, 2020. To slow the spread of the COVID-19, countries around the world have imposed travel restrictions and stay-at-home orders. This has significantly reduced [Read more]
By Jesse Barnett, Jeff Barron This article was published by the US Energy Information Administration on March 27, 2020. Crude oil prices have fallen significantly since the beginning of 2020, largely driven by the economic [Read more]
This article was published by the Canada Energy Regulator on March 25, 2020. As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65 per cent from [Read more]
This article was published by the International Energy Agency on Sept. 12, 2019. The oil market focus recently has been on demand as growth weakens amidst uncertainty around the global economy, and particularly trade. In [Read more]
Oil prices slipped on Wednesday after data from the US Energy Information Administration showed a significant increase in US crude stocks, but a third draw down in gasoline inventories helped underpin crude prices. Anadarko photo. [Read more]
NOPEC bills were introduced into the House of Representatives (HR 948) and the Senate (S 370) early last month, where they were referred to the respective judiciary committees for detailed consideration. Bloomberg photo. NOPEC bills [Read more]
Saudi Arabai has demonstrated, once again, that it can always tighten the physical market, boost prices and push the calendar spread into backwardation – if it is prepared to cut its own production enough. Reuters [Read more]
According to a survey by Reuters, OPEC production saw its largest monthly decline in two years this month. The decline is due to the cartel’s most recent supply cut agreement. Reuters photo. OPEC production down [Read more]
Iraq oil production averaged 4.5 million b/d through Aug. 2018, up from 4.4 million b/d in 2017. Iraq’s oil production has nearly doubled in the past decade. Reuters photo. Iraq oil production, consumption on the [Read more] [Read more]
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