U.S. crude oil production is expected to fall by 210,000 barrels per day (bpd) in 2021 to 11.10 million bpd, the U.S. Energy Information Administration (EIA) said on Wednesday, a Continue Reading
Denmark’s wind farm developer Orsted (ORSTED.CO) on Wednesday said it had submitted a bid to develop the Skipjack Wind 2 offshore wind farm in the state of Maryland in the Continue Reading
BofA’s Yazhari on Tight Oil Market, Spike in Prices The U.S. sees limited domestic oil production growth through next year despite rising oil prices and rebounding demand. Oil explorers will Continue Reading
U.S. Job Openings Reach Record High 9.2 Million in May U.S. job openings rose to a fresh record high in May, underscoring persistent hiring difficulties and reflecting more vacancies in Continue Reading
Forecast Highlights Global liquid fuels The July Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing economic recovery from the COVID-19 pandemic. U.S. economic activity continues Continue Reading
Total U.S. consumption of petroleum, natural gas, and coal slumped by 9 percent in 2020 reaching the lowest level since 1991 and marking the largest annual decrease in U.S. fossil Continue Reading
U.S. shale producers started boosting this week hedges to lock in the price of oil they plan to pump in the coming months, after the OPEC+ drama left the market Continue Reading
EIA boosts price outlooks by $4/b for 2021, $6/b for 2022 Global oil demand growth to ease to 3.7 mil b/d in 2022 Vaccine rollouts, OPEC+ fight present risks to Continue Reading
Highlights EIA raises Q3 gas marketed output 1 Bcf/d to 100.76 Bcf/d Q3 Henry Hub spot gas price forecast rises 30 cents to $3.22/MMBtu The US Energy Information Administration on Continue Reading
Trade ministers from the United States and Canada expressed concern on Wednesday about Mexico’s energy policies, as they met with their Mexican counterpart to mark the one-year anniversary of a Continue Reading
