The Energy Information Administration cut its 2023 and 2024 forecasts for U.S. and global benchmark crude-oil prices, according to the Short-Term Energy Outlook report. "Ongoing considerations about weakening global economic …
EU underground gas storage facilities (UGS) are likely to drop to 5% in February in the event Russian gas supplies are completely cut off from November 1 and deliveries of liquefied natural gas are limited, according to a report published by the …
The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country increased supply to Europe amid the Ukraine crisis. …
The International Energy Agency has lowered its outlook for oil demand growth over the next two years, citing a negative impact from soaring prices and fears of a potential economic slowdown. In its latest oil market report, the IEA …
Europe could face fuel shortages this summer due to squeezed oil markets, the head of the International Energy Agency, Fatih Birol, told Germany's Spiegel. "When the main holiday season starts in Europe and the U.S., fuel …
The U.S. Energy Information Administration (EIA) raised its forecast for global crude oil prices for 2021 but kept projections unchanged for 2022. In the November Short-Term Energy Outlook (STEO), the EIA revised up its Brent price …
The International Energy Agency said earlier this month that spending on fossil fuels is lower than needed if current demand growth continues
Russia remains second by total petroleum exports to the United States in June 2021, with deliveries totaling 25.43 mln barrels, according to the US Energy Information Administration (EIA). Canada tops the list of petroleum …
The International Energy Agency (IEA) published a report sketching out a ‘net-zero-by-2050 scenario’ it deems still attainable, Modern Diplomacy writes. Clearly, this and similar proposal will not lead to any true change as long as growth relies on depletable resources
Russian oil shipments to the U.S. hit a record high last year, according to calculations by Bloomberg, while at the same time Washington was amping up its warnings about Europe’s energy dependence on Russia. Russia …
In its March Short-Term Energy Outlook, the U.S. EIA forecast Brent crude oil prices will average $61/bbl in 2021 and $58.5/bbl in 2022, compared to previous forecasts of $53/bbl and $55/bbl, respectively, in last month's outlook. …
The U.S. Energy Information Administration forecasts crude oil production will rise to almost 11.0 million b/d in March. EIA expects U.S. crude oil production will average 11.1 million b/d in 2021 and 12.0 million b/d in 2022. …
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. …
