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…
Crude oil prices to rise by year-end – EIA
The US Energy Information Administration's Short-Term Energy Outlook (STEO) for August 2024 projects the Brent…
Oil down on Wednesday early trade
Oil prices fell in early Asian trading on Wednesday, reversing a brief rebound from the previous session. This…
US refinery capacity rises in ’23
US refining capacity saw a notable increase in 2023, driven by expansions at existing facilities, according to the…
EIA updates energy outlook
The US Energy Information Administration (EIA) has revised its energy outlook, navigating recent developments such…
US jet fuel consumption increase in ’23, below pre-pandemic peak
US jet fuel consumption increased for the third consecutive year in 2023 but remained 5 per cent below the 2019…
US EV electricity consumption surges over 50% in early ’24
Electricity consumption from electric vehicles (EVs) in the United States surged by over 50 per cent in the first…