Both WTI and Brent dropped in early trading on Wednesday before recovering as traders weigh economic concerns and tightening supply. The API reported a draw in crude and gasoline inventories which, if confirmed by the […]
July 19, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, July 2023 Note: WTI=West Texas Intermediate We forecast higher crude oil prices in the second half of 2023 and into 2024 in our […]
Forecast overview U.S. economy. Our forecast assumes U.S. GDP growth of 1.5% in 2023 and 1.3% in 2024, which is revised up from last month’s forecast of 1.3% in 2023 and 1.0% in 2024. The upward […]
U.S. drillers have the potential to double oil output from existing wells, thanks to new drilling efficiencies and innovations such as shale well refracturing Higher drilling efficiency is driving U.S. oil production to new highs […]
The Energy Information Administration has increased its forecast for U.S. oil production this year, projecting an increase of 720,000 barrels per day. While it expects U.S. oil production to increase, the EIA sees demand for […]
To me, there’s still decent upside to oil demand. Probably not so much here in the U.S., but globally, I’d argue that “more oil” is a pretty safe bet. Airplanes, heavy trucking, and petrochemicals will […]
New York, 24 May (Argus) — A sharp drop-off in tonne-mile demand for US Gulf coast medium range (MR) clean tankers so far this year has pressured freight rates for the segment to the lowest […]
May 24, 2023 Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) Note: Shaded regions represent maximum and minimum values for each projection year across the AEO2023 Reference case and side cases. LNG=liquefied […]
Executive Summary To explore the effects of future U.S. liquefied natural gas (LNG) export volumes on domestic natural gas prices, we examined a range of potential LNG price and investment drivers using the same model […]
May 8 (UPI) — Pointing to the billions of dollars of what they said are health-related costs associated with pollution from the oil and gas industry, researchers called on the federal government to hurry up with […]
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