EIA reports a weekly fall in U.S. crude supplies

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.
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
US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says
U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the Energy Information Administration (EIA) said on Wednesday.
US crude oil stocks excluding SPR fall to two-year low, EIA says
U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2 million barrels to 412.7 million barrels in the week ending Jan. 10, the EIA said, compared with analysts’ expectations in a Reuters poll for a 992,000-barrel draw.
EIA Expects 2025 Crude-Oil Prices to Retreat After a Strong Start
"Following some initial upward price pressure in early 2025, we expect that crude-oil prices will generally decline from mid-2025 through the end of 2026 as growth in global oil production outpaces growth in oil demand," the EIA said Tuesday in its Short Term Energy Outlook.
EIA expects oil prices to be under pressure from oversupply in 2025, 2026
Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report.
WTI trades near $78.50 after pulling back from six-month highs
West Texas Intermediate (WTI) Oil price retreats after reaching six-month highs, gaining more than 3%, in the previous ...
freightwaves.com12h
Strength, then oversupply? Parsing the latest EIA oil forecast
The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that ...
Oil News: Will EIA’s Oversupply Forecast Undermine Sanctions-Driven Optimism?
API reports a 2.6M-barrel crude draw, lifting prices, but EIA’s bearish outlook looms as traders await the weekly inventories ...
Oil Glut Will Expand in 2026 as OPEC Output Rebounds, EIA Says
Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana ...
EIA sees crude output increasing in 2025, 2026
The U.S. Energy Information Administration published its first forecasts for energy production, consumption, and prices through 2026 in its ...
U.S. Oil Production Will Disappoint Again In 2025
One of the biggest misconceptions in the oil market is the perceived growth in non-OPEC+ oil supplies moving forward, ...
Texas is U.S. leader in renewable energy generation, says data
After a 2024 in which Texas made massive strides as a leader in renewable energy, a new report shows the state is charting ...