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6 days ago · The U.S. Energy Information Administration’s Annual Energy Outlook 2021 predicts U.S. oil and gas supplies will bounce back to pre-COVID levels by 2023 and continue climbing through the forecast period, which ends in 2050.
4 days ago · Oil prices have drawn some support from U.S. gasoline demand, which government data showed on Wednesday was at 9.4 million barrels per day (bpd) in the week ended July 5, the highest since 2019 ...
Jul 10, 2024 · WASHINGTON–According to the U.S Energy Information Administration, global oil consumption is rallying back and is poised to accelerate to 101.2 million barrel a day in 2022, topping pre-pandemic levels.
Jul 1, 2024 · Oil prices jumped nearly 2.5% on Monday, reaching their highest since April as geopolitical tensions boost supply and demand sentiment despite economic and interest rate uncertainty, and as the...
Jul 9, 2024 · We expect oil prices will increase from an average of $82/b in June to $89/b for the remainder of 2024 and $91/b in 1Q25. Total oil inventories in the OECD remain near the lower bound of their recent five-year range (2019–2023).
Jul 10, 2024 · Oil prices settled higher on Wednesday after a jump in U.S. refining activity last week drove a larger-than-expected decline in gasoline and crude inventories, but gains were capped due to...
Jul 9, 2024 · We currently expect global oil demand to rise by 1.8 million b/d in 3Q22 compared with 3Q21, but many factors, including potential new outbreaks of COVID-19, could drive this number higher or lower, which would affect oil prices.
