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 Expects 2025 Crude-Oil Prices to Retreat After a Strong Start
"Following some initial upward price pressure in early 2025, we expect that crude-oil prices will generally decline from mid-2025 through the end of 2026 as growth in global oil production outpaces growth in oil demand," the EIA said Tuesday in its Short Term Energy Outlook.
Weekly US Crude Inventories Fall, Oil Prices Rally Following IEA, OPEC Reports
Commercial crude stockpiles in the US posted a bigger draw than projected last week, government data showed Wednesday, while oil prices rallied as markets evaluated two other oil market reports. Inventories of crude,
U.S. Crude Oil Inventories Fall More Than Expected But Gasoline Inventories Surge
The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. fell by more than
EIA reports a weekly fall in U.S. crude supplies, but inventory rises
Oil futures pared some of their early gains on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for an eighth week in
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 ...
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 ...
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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 ...
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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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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 ...
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 ...
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.
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 ...