The EIA is forecasting US oil production will lift 14.8% to 10.70 million barrels per day this year.
Read More »IEA: Venezuela Turmoil could Push Oil Market into Deficit
The IEA expects Venezuela'.s crude output will fall to 1.38 million barrels per day (mb d) by the end of 2018.
Read More »US to Compete With Russia in Europe`s LNG Market
The United States has been increasing its LNG deliveries to European Union countries.
Read More »China Fuels US Gas Boom
The growing Chinese appetite for natural gas could justify new LNG export facilities investment in the United States.
Read More »OPEC`s Big Challenge
In countries like Brazil and Mexico. the slowdown at old fields jumped to double-digit rates last year.
Read More »Nightmare Scenario for OPEC
The IEA sees demand for OPEC oil actually declining in absolute terms over the next few years .
Read More »Russia Needs to Cooperate with OPEC
Soaring U.S. production is a ``risk`` to the Russian companies’ plans to keep their market share.
Read More »Lack of Offshore Investment will Impact Future Oil Supply
Companies that continue to operate offshore have particularly poured fewer dollars into wildcat exploration.
Read More »IEA: Asia to Drive Oil Demand Growth through 2023
China is poised to become the top importer while the US leads output.
Read More »Birol: China Drives Global Oil Demand
India follows China in terms of growth in the demand for oil.
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