Russian oil output set to dive in 2023 amid EU ban, EIA says
The European Union’s ban on seaborne imports of Russian petroleum in response to Russia’s invasion of Ukraine will lead to an 18% drop in the country’s fuel output by the end of next year.
EIA
‘I am Brad and I proudly work in the oil industry – don’t judge me’
If you work in the oil industry this feels like the mandatory, apologetic disclaimer required before being allowed to weigh-in on the energy transition nowadays.
US sees oil market oversupplied by early next year
The US government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves.
Spirit Energy hits milestone for Pegasus West sanction
Having resolved issues with partner Neptune Energy, Spirit Energy has handed in an environmental impact assessment (EIA) for proposed new drilling at the Pegasus West discovery.
TotalEnergies hits key milestone ahead of FID for Alwyn life extension
TotalEnergies E&P UK (TEPUK) has handed in an environmental impact assessment (EIA) for proposed new drilling at the Alwyn Area – a key step en route to regulatory approval.
Will oil hit $80 this summer?
India, the world's third-largest oil importer, is the latest coronavirus hotspot. It has recently hit a record-breaking number of new daily coronavirus cases—a statistic that dented oil demand and pressured oil prices.
West African flows squeezed as China dials down demand
The reduction in Chinese oil demand as a result of the coronavirus has taken its toll on African exports.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
Renewables’ share of US energy fell in 2018, EIA says
The share of U.S. energy coming from renewable sources like wind farms and hydroelectric dams fell off in 2018, the U.S. Energy Information Administration (EIA) reported on Monday.
Crude at five-month high as U.S. gasoline stockpiles tumble
Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.
EIA says low tanker rates enabled more long-distance oil and petroleum product trade
The US Energy Information Administration (EIA) said the recent expansion of the global crude oil and petroleum product tanker fleet has results in falling rates for much of this year.
Offshore oil production reached highest level last year since 2010
Global offshore oil production last year was at its highest level since 2010, according to new figures from the US Energy Information Administration.
Infographic: Data reveals number of drilled but uncompleted wells in US
The Energy Information Agency (EIA) has provided fresh data on the number of drilled but uncompleted wells (DUCs) in the US.
EIA projects increase in US crude oil beyond 2017
The Energy Information Adminstration (EIA) has projected an increase in US crude oil and other liquid fuels production beyond 2017.
US crude inventories increase by 71 million barrels since September
Weekly US commercial crude oil inventories have increased by more than 71 million barrels (15%) since the end of September, pushing crude oil storage capacity utilisation to a near record high of 73% for the week ending June 10.
US natural gas production to come from shale and tight oil plays
The growth in total US dry natural gas production will come from the increased development of shale gas and tight oil plays, according the the country's Energy Information Administration.
US petrol prices hit seven year low as Memorial Day arrives
The US average retail price for gasoline dipped to $2.30 per gallon - the lowest average price since 2009.
US still top oil and gas producer in 2015
The US remained the world's top producer of petroleum and natural gas last year, according to new data from the country's Energy Information Adminstration (EIA).
Shale drillers hold off retiring rigs as cash flows improve
Oil explorers in the U.S. put a pause on their rig cancellations this week as improving technology and rising prices make some basins more profitable.
Projected growth in CO2 emissions to come from developing countries
Global energy-related carbon dioxide (CO2) emissions are projected to increase by one-third between 2012 and 2040, with much of that coming from developing countries, according to the EIA's latest International Energy Outlook 2016.
Energy consumption predicted to rise by almost half by 2040
The world's growing need for energy will see consumption increase by 48% by 2040, according a new study by experts.
Crude volatility lessens as prices rise from early 2016 levels
Historic volatility in the crude markets appears to be lessening as prices rise gradually since early 2016.
Africa offshore drilling at six-year low as explorers curb quest
US explorers aren’t the only ones idling rigs as sub-$50 crude forces oil and gas drillers in Africa to slow their search for new reserves.
Declining energy prices lower cost of living for consumers
Declining energy prices area lowering the cost of living for US households, according to new research.
New maps of Utica shale play available
The US Energy Information Administration has produced new maps that show the structure, thickness, and geologic setting of the Utica Shale play and the location of production wells.