Oil up 1% on Tuesday
Oil prices edged up around 1 per cent on Tuesday, recovering from a near four-year low after a steep selloff…
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US Energy Information Administration (EIA)
Oil falls 3% on Thursday
Oil prices fell over 3 percent on Thursday after US President Donald Trump announced new tariffs, sparking concerns…
US power prices see modest rise in ’25 amid gas cost increases – EIA
The US Energy Information Administration (EIA) forecasts a modest rise in wholesale power and residential…
US crude output hits record – EIA
US crude oil production in the Lower 48 states reached a record 11.3 million barrels per day (b/d) in November…
US crude imports to hit 50-y low in ’25 – EIA
US crude oil imports are projected to drop by over 20 per cent to 1.9 million barrels per day (bpd) in 2025, the…
Oil flow through Red Sea falls by 50% in ’24 – EIA
Oil flows through the Bab el-Mandeb Strait, a key chokepoint at the Red Sea's southern entrance, have fallen by…
US energy costs to stay relatively stable in winter – EIA
US energy costs are projected to hold steady in the coming months, supported by lower fuel prices that may cushion…
US energy companies boost production, cash flow in Q2 ’24
Energy companies in the United States reported an increase in petroleum liquids and natural gas production for the…
US tops global gasoline exports in ’23
The United States is the world’s largest exporter of motor gasoline, supplying over 16 per cent of total global…
EIA predicts continued OPEC+ oil production cuts through ’28
The US Energy Information Administration (EIA) has forecast that the Organisation of the Petroleum Exporting…
AfDB 2023