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.
USA EIA Reveals Latest Brent Oil Price Forecasts
The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy outlook.
Strength, then oversupply? Parsing the latest EIA oil forecast
The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that the balance of supply and demand will shift toward oversupply in the back half of the year and 2026.
US crude oil stocks excluding SPR fall to two-year low, EIA says
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2 million barrels to 412.7 million barrels in the week ending Jan. 10, the EIA said, compared with analysts’ expectations in a Reuters poll for a 992,000-barrel draw.
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.
U.S. natural gas inventory net change of -258 Bcf for week ended Jan 10- EIA
Stocks for the week ended Jan. 10, were 3,115 Bcf vs. 3,373 Bcf for the week ended Jan. 3. Net change: -258 Bcf vs -40 Bcf ...
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Wholesale electricity prices lower and more stable in 2024
Wholesale electricity prices were lower in 2024 than 2023, with less price volatility, as solar and battery energy storage ...
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There’s a new species of pangolin — and illegal trade means it’s already likely to be critically endangered
A new species of pangolin has been discovered, but already it is deemed to be threatened by illegal trade. The Indo-Burmese ...
Natural Gas News: Futures Hold Strong as Traders Eye EIA Report and Arctic Weather
Bullish EIA data and weather-driven demand may retest last week’s $4.369 high. Bearish news risks breaking $4.053 support.
Oil Glut Will Expand in 2026 as OPEC Output Rebounds, EIA Says
Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana ...
EIA sees crude output increasing in 2025, 2026
The U.S. Energy Information Administration published its first forecasts for energy production, consumption, and prices through 2026 in its ...
WTI trades near $78.50 after pulling back from six-month highs
West Texas Intermediate (WTI) Oil price retreats after reaching six-month highs, gaining more than 3%, in the previous ...
U.S. Oil Production Will Disappoint Again In 2025
One of the biggest misconceptions in the oil market is the perceived growth in non-OPEC+ oil supplies moving forward, ...