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US Crude oil stocks excluding SPR fall to 2-year low, EIA says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.
EIA lifts natural-gas price forecast, expects global oil supply surplus this year
The Energy Information Administration lifted its U.S. natural-gas price forecast for this year with growth in demand, led by liquified natural gas exports, expected to outpace production growth, according to a monthly report released Tuesday.
EIA expects oil prices to be under pressure from oversupply in 2025, 2026
Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report.
1h
on MSN
Chevron says no commercial oil, gas found at Namibia exploration well
Chevron said on Tuesday that it did not find commercial hydrocarbon reserves in an exploration well in Namibia's Orange Basin ...
22h
Why Oil Industry Jobs Are Down, Even With Production Up
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
3h
on MSN
Oil prices climb as traders weigh OPEC and IEA demand forecasts
Oil futures were up modestly Wednesday, finding support after snapping a three-day winning streak that had been driven in ...
4h
on MSN
Oil rises as traders assess sanctions impact
Oil prices rose on Wednesday as the market focused on potential supply disruptions from U.S. sanctions on Russian energy ...
5h
on MSN
IEA Trims Oil-Demand Outlook, But Still Expects Stronger Growth This Year
The International Energy Agency slightly lowered this year’s global oil-demand outlook, but said it still expects growth to ...
21h
2025 U.S. Oil Outlook: Don’t Count On A ‘Drill Baby Drill’ Mentality
Administrations can only do so much when it comes to global supply and demand dynamics, and there is probably going to be ...
14h
on MSN
Finland had 12 minutes left to stop a Russia-linked oil tanker from dealing 'much worse' damage to its undersea cables, president says
"Had it continued for another 12 minutes, the carnage would have been much worse than the four basic cables that were there," ...
7h
on MSN
IEA Cuts 2025 Oil Demand Growth Forecast Moderately
The International Energy Agency on Wednesday lowered its projection for 2025 oil demand growth though the organization said ...
1d
How Shifting Presidential Policies Affect the Oil And Gas Industry
In the U.S., energy policies can change dramatically with each new president, creating a lot of uncertainty for industries ...
1d
US and Canada Energy Stocks Diverge as Alberta Warns on Oil Tariffs
Canadian oil and gas stocks fell the most this year, even as US producers rallied, after Alberta’s premier warned that the ...
1d
on MSN
Oil prices pull back after hitting 4-month highs on Russia sanctions
Oil futures pulled back Tuesday, giving back some ground after a three-day rally boosted by a new round of U.S. sanctions on ...
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