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US crude oil stocks excluding SPR fall to 2-year low, EIA says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.
EIA forecasts lower crude oil prices in 2025, 2026
Oil prices are expected to face downward pressures over the next 2 years due to global oil production outpacing demand, according to a report by the US Energy Information
US energy agency revises up crude oil price forecasts for 2025
As a result, the EIA forecasts that average Brent oil prices will be $74.31 per barrel and the American West Texas Intermediate (WTI) is expected to trade at $70.31 per barrel in 2025. In the previous month's report, these figures were $73.58 and $69.12, respectively.
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.
EIA reports a weekly fall in U.S. crude supplies, but inventory rises
Oil futures pared some of their early gains on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for an eighth week in
2d
on MSN
Brent crude jumps above $80 a barrel as investors weigh U.S. sanctions on Russian oil
Oil futures were up strongly Monday, with Brent crude on track for its first finish above $80 a barrel since August, as ...
1d
on MSN
UBS sees upside risk to $80 Brent crude forecast
Giovanni Staunovo of UBS Global Wealth Management discusses the expanded U.S. sanctions on Russian energy, and how high he ...
legit on MSN
13h
Marketers Increase Petrol Prices Amid High Crude Oil Prices Globally
Filling stations across Nigeria have increased their prices again in response to the soaring global crude oil cost, which ...
اخبار 24
1d
Oil falls but Brent holds above $80
International benchmark
Brent crude
was trading down 0.52% at $80.59 a barrel, at 09:10 am Makkah time. West Texas ...
11h
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Multi-Month Highs As Crude Inventories Decline
WTI oil tests new highs as traders focus on the EIA report, which indicated that crude inventories declined by 2.0 million ...
5d
Brent Crude Oil Hits $80 a Barrel for First Time Since October
Oil surpassed $80 a barrel as traders digested a report that Indian oil processors are bracing for new US sanctions that ...
3d
Crude sensitive stocks slump as Brent oil prices surge past $81; HPCL, IndiGo, BPCL slip upto 6%
Brent crude prices hit a three month high amid expectations that recent US sanctions on Russian oil producers will disrupt ...
12h
on MSN
Oil rises on large draw from US crude stocks, Russia sanctions impact; Gaza ceasefire deal capped gains
Oil prices rose about 2% on Wednesday on a large draw in U.S. crude stockpiles and potential supply disruptions from new U.S.
think
3h
The Commodities Feed: Crude continues its rally
Brent has broken above US$82/bbl. Falling US crude oil stocks and uncertainty over Russian oil supply following US sanctions, ...
2d
FTSE 100 Live 13 January: Sterling in new fall, Brent Crude rise fuels inflation fears
The economic storm facing Chancellor Rachel Reeves showed few signs of easing today after the pound lost further ground ...
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