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EIA OIL FORECAST
US crude production to hit record high for fourth straight year in 2026, EIA saysThe US Energy Information Administration expects crude production to reach a record 13.9 million barrels per day in 2026, rising to 14.3 mi...- Heating bills may rise 21% for some US homes, while others could pay less. Who will feel the heat this winter?American households dependent on heating oil are in for a tough financial season, as the U.S. Energy Information Administration forecasts a...
- EIA raises oil price forecasts as Iran war tightens global marketsThe EIA raised its oil price forecasts, citing tight global inventories, limited diesel supplies and ongoing Middle East supply risks. Bren...
- US EIA lifts Brent forecast to $98 as Iran war tightens global suppliesThe US Energy Information Administration has revised its oil price forecasts for the coming years due to supply issues. Global benchmark Br...
- Why are US energy firms cutting rigs now? Baker Hughes report explainedBaker Hughes (BHI) reported that the US oil and gas rig count decreased by one to 598 for the week ended October 2. It was the first decrea...
- New problem shaping up for the oil market as Hormuz remains shutHouthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of ...
- Oil’s $100 nightmare is back as worst-case scenario is taking shapeHouthi attacks on Saudi energy facilities have disrupted oil operations. These strikes also pressure the Bab al-Mandeb chokepoint, impactin...
- '$95 for 2 months' US agency predicts prolonged conflictBrent is up 27% since the start of the war as the Strait of Hormuz is effectively shut and some oil production in the region has been curta...
- Oil market's watchmen at loggerheads on 2026 outlookGlobal oil market forecasts diverge sharply, with the IEA and EIA predicting substantial surpluses exceeding 4 million and 2.8 million barr...
- Oil prices edge down, forecasts for higher oil output, weak demand growth weighOil prices edged lower. Global production is expected to rise. Demand growth forecasts are weak. The US dollar strengthened. OPEC lowered i...
- Oil prices fall on big build in US crude, fuel inventoriesBrent crude futures fell 28 cents, or 0.3%, to $89.14 per barrel. U.S. West Texas Intermediate crude futures fell 35 cents, or 0.4%, to $84...
- EIA: Crude prices likely to stay around $83 per barrel in 2024"We expect OPEC+ production cuts will offset lower global demand growth, prevent increases in global oil inventories, and keep Brent prices...
- Oil edges up as US crude inventories rise less than expectedGlobal economic growth is forecast to barely move above 2 per cent this year, according to a Reuters poll of economists, who said the great...
- Oil rises on expectation high natural gas to drive switch for heatingOil prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switc...
- Crude oil drops on concerns COVID-19 issues in Europe will delay demand recoveryExtended lockdowns are being driven by the threat of a third wave of infections, with a new variant of the virus on the continent.
- Does Opec see US oil output as half full or half empty?America’s second shale boom is certainly drawing to a close.
- US-China trade deal holds key to higher oil pricesMarch production figures mean Saudi would be voluntarily cutting output by more than 500,000 bpd below its pledged production level.
- How Opec is helping US oil reach a tipping pointThe US was briefly a net exporter in November.
- What is the Iran nuclear deal worth to oil prices? About $5-$15 a barrelFollowing this news, analysts in the oil market immediately began to ask what an open Iran could mean for markets.
- Oil heads up towards $51 with stock marketsOil prices climbed towards $51 per barrel on Wednesday, supported by rising stock markets and after the Energy Information Administration (...
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