Global and U.S. oil production are expected to reach slightly higher record levels than previously predicted this year, according to the U.S. Energy Information Administration (EIA). Despite this surge in…
EIA
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On Wednesday, November Nymex natural gas (NGX24) prices closed up by $0.031, or 1.34%, as market analysts anticipate a rise in inventory levels. The expected increase of 66 billion cubic…
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Oil prices have experienced a significant reversal, driven by persistent short-selling by money managers. As of 11:40 AM ET on Thursday, Brent crude futures for December delivery were trading at…
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Asian markets saw oil prices stabilize as traders navigated between geopolitical uncertainties and weakening demand expectations. After a decline in the previous session fueled by potential ceasefire discussions, concerns persist…
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The U.S. Energy Information Administration (EIA) has introduced a refined model for forecasting crude oil and natural gas production in the Federal Offshore Gulf of Mexico (GOM) as part of…
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North American liquefied natural gas (LNG) export capacity is projected to double within the next three years, reaching 24.4 billion cubic feet per day (Bcf/d) by 2027, according to a…
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U.S. gasoline prices are notably lower compared to last year as the Labor Day weekend approaches, marking the end of the summer driving season, according to the U.S. Energy Information…
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India’s consumption of liquid fuels is anticipated to reach 6.6 million barrels per day (mb/d) by 2028, driven by growing domestic demand and expanding refinery capacity. According to the US…
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The U.S. Energy Information Administration (EIA) has forecasted a modest 1% increase in residential electricity prices for 2024, marking the slowest rate of annual growth since 2020. This projected rise…
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The Energy Information Administration (EIA) announced on Monday that publicly traded oil and gas companies saw a boost in proved reserves, with an additional 2 billion barrels recorded last year…