Oil reserves in storage facilities around the world are at a record low, and production of raw materials in non-OPEC+ countries will be limited in growth. Therefore, the keys to the market will again ...

Crude oil prices remained stable today after dipping on Tuesday following the release of the Energy Information Administration’s latest Short-Term Energy Outlook. In the outlook, the EIA ...

In this article, we are going to discuss the 16 countries with the largest proven oil reserves in the world. According to the US Energy Information Administration, proven reserves are ‘estimated ...

The EIA also lifted its 2025 forecasts for West Texas Intermediate crude by 1.7% to $70.31 a barrel and Brent crude by 1% to $74.31. Total world oil production for 2025 was forecast at 104.4 ...

World oil markets are expected to average a surplus of 800,000 barrels a day in 2026, the Energy Information Administration said Tuesday. That’s more than twice as large as the 300,000 barrel-a ...

said the EIA, the first time it is issuing an outlook for 2026. The share of U.S. supply coming from the Permian Basin of Texas and New Mexico, the world's largest shale oil-producing region ...

Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in ...

The Energy Information Administration’s (EIA ... demand-side factors influencing the oil market has been China’s sustained economic growth. As the world’s second-largest economy, China ...

US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. The agency says the global oil glut will expand in the next two years, putting downward pressure on ...

World oil markets are expected to average a surplus of 800,000 barrels a day in 2026, the Energy Information Administration said Jan. 14. That’s more than twice as large as the 300,000 barrel-a ...