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1 day ago · Overview. For the first time, global oil consumption surpassed 100 million barrels per day in 2023. The demand for gasoline, diesel, and kerosene has returned to or exceeded pre-2019 levels ...
2 days ago · In other parts of the world, namely Europe and North America, the growth in EV sales has had a negligible impact on oil demand, which, per the Energy Institute, fell by 1% in Europe and 0.8% in ...
3 days ago · The US Energy Information Administration’s (EIA) latest short-term energy outlook is predicting a raft of new projects will increase crude oil production from the US Gulf of Mexico by 200,000 B/D by the end of next year. The forecast sees 13 new projects coming on stream over the next year-and-a-half accounting for about 12% of total Gulf of ...
2 days ago · The latest forecast for 2024 indicates that US crude oil production could reach new heights, surpassing previous records set in recent years. According to the EIA, the United States is expected to produce an average of 12.8 million barrels of crude oil per day in 2024, up from an estimated 11.9 million barrels per day in 2023.
4 days ago · (Reuters) – Oil prices extended gains to two-month highs on Tuesday on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. Brent crude futures rose 70 cents, or 0.81%, to $87.30 a barrel by 1035 GMT, their highest since April 30.
1 day ago · Here are today's energy prices: West Texas Intermediate August contract: $83.88 per barrel, unchanged. Year to date, U.S. crude oil has gained 17%. Brent September contract: $87.29 per barrel ...
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3 days ago · Production has continued to increase, though more slowly. Lower 48 output was up by 0.5 million b/d (4.8%) in April 2024 compared with a year earlier, with growth down from 0.9 million b/d (9.5% ...
