The U.S. Energy Information Administration (EIA) revised its crude price forecast higher in its in its monthly Short-Term Energy Outlook amid tightened supply outlooks and upward-trending demand projections. The EIA now expects Brent …
Oil prices will see an upside in 2021 as above-average inventories will draw down with a global economic and oil demand recovery
Turkey’s giant offshore natural gas discovery of 320 billion cubic meters (bcm) in the Black Sea is worth $80 billion in line with current price trends, the International Energy Agency's (IEA) head Fatih Birol said. The …
Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic. …
The top four oil producers remain in their positions through 2050
The coronavirus crisis and a very mild winter in the northern hemisphere have put global natural gas demand on course for the biggest annual fall on record, the International Energy Agency said in its annual outlook. Global gas …
According to the Energy Information Administration's January-November 2019 report, Russia increased its oil supplies to the United States to record levels last year, despite difficult political relations and economic sanctions. …
The Energy Information Administration (EIA) in its Annual Energy Outlook 2020 projects the price of Brent crude oil to reach $183 per barrel by 2050. That is possible in the case of high costs and fewer easily accessible resources. …
So if there is no information about all the oil in the world, how much faith should one put in global inventory estimates
This increase is largely driven by non-OECD countries, where transportation energy consumption increases nearly 80% between 2018 and 2050
Oil prices fell on this morning, adding to sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. Brent crude was down 37 cents (0.6%) …
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director Fatih Birol said Electric …
Oil output from OPEC fell in May by 230,000 barrels per day to 29.95 million bpd, hitting a five-year low, according to data from the International Energy Agency (IEA). In May, top OPEC producer Saudi Arabia’s output fell by …
The plunge in prices have renewed concerns about the global economy, oil demand and a stubborn crude oil surplus
Oil prices at $70 per barrel and higher increase the risk of slowing demand growth against the backdrop of uncertainties in global economy, International Energy Agency said in its Oil Market Report. "Oil prices at …
The fundamentals of supply and demand in the oil market appear to be heading in a bullish direction
The U.S. will become a net oil and oil product exporter in 2021, and will export more oil than Russia by 2024, the International Energy Agency (IEA) said in its new Oil 2019 report. In 2018, the combined production of liquid …
The U.S. Energy Information Administration said it expects the United States to pump 12.4 million barrels of crude a day in 2019 and 13.2 million barrels a day in 2020. The January average was 12 million barrels a day, up 90,000 from …
The United States becomes a net energy exporter in 2020
Oil rose today, shaking off persistent concern about the outlook for demand after the U.S. government said it could impose sanctions on OPEC member Venezuela's crude exports. Brent crude futures were up 10 cents at $61.24 a barrel …
