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 Oil Prices to Be Under Pressure From Oversupply in 2025, 2026
Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 in the biggest energy-consuming countries: the U.S. and China. The EIA said it expects Brent crude oil prices to fall 8% to average $74 a barrel in 2025, then fall further to $66 a barrel in 2026.
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
Oil Prices Stable After Bearish EIA Report
The EIA predicts lower oil prices in 2025 and 2026 due to rising production and OPEC cuts, but the recent sanctions on Russia kept oil prices from falling.
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.
EIA lifts natural-gas price forecast, expects global oil supply surplus this year
The Energy Information Administration lifted its U.S. natural-gas price forecast for this year with growth in demand, led by liquified natural gas exports, expected to outpace production growth, according to a monthly report released Tuesday.
Wright wants to increase domestic energy production, says 'there isn't dirty energy and clean energy'
Chris Wright laid out his priorities, such as restoring "energy dominance," increasing innovation and cutting red tape, ...
Tariffs Failed Before And Will Hurt American Energy Companies
Donald Trump promises to impose tariffs on the European Union if it does not purchase American-produced liquefied natural gas ...
How the US energy grid is straining from data centers, crypto mining goliaths
The United States is facing a major challenge in the not-too-distant future as big technology companies and cryptocurrency ...
U.S. Crude Oil Stockpiles Extend Decline
U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while ...
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Devon Energy, EQT Stocks Rise On Bernstein Upgrade: Retail Shows Approval
Devon Energy (DVN) and EQT Corp (EQT) rose on Wednesday after Bernstein upgraded both stocks to ‘Outperform’ from ‘Market ...
US crude and distillate inventories likely fell last week, gasoline seen up
U.S. crude oil and distillate stockpiles are expected to have fallen last week and gasoline inventories to have risen, a preliminary Reuters poll showed on Monday.