The United States continues to solidify its position as a global energy powerhouse, with crude oil production reaching record highs amid robust domestic demand for petroleum products. As of 2025, U.S. oil output is forecasted […]
CNBC Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. […]
The American Automobile Association’s latest report forecasts that over 55.4 million Americans will travel at least 50 miles from home during the Thanksgiving holiday week, spanning five days from Nov. 22 to Nov. 26. This year’s forecast […]
Global oil demand continues to lose momentum due to China’s economic weakness and a slowdown in countries of the Organization for Economic Cooperation and Development, the International Energy Agency said Sept. 14, trimming its 2022 […]
The International Energy Agency on Aug. 11 hiked its 2022 oil demand growth estimate by 380,000 b/d to 2.1 million b/d, citing “soaring” oil use in power generation and gas-to-oil switching in industry prompted by […]
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