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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.
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 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,
1d
Why Oil Industry Jobs Are Down, Even With Production Up
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
6d
Oil settles up 1% as cold weather in US, Europe drives winter fuel demand
Oil prices rose more than 1% on Thursday as cold weather gripped parts of the United States and Europe, boosting winter fuel ...
Crude Oil Prices
3d
New England Stuck on Fuel Oil Despite Clean Energy Pledges
Despite ambitious renewable energy and emission-reduction targets, New England states heavily rely on fuel oil for home ...
5d
on MSN
Biden Moves to Curb Cooking Oil Imports With Green Fuel Rule
The US is moving to curb imports of used cooking oil, preventing foreign supplies used to make biofuels from qualifying for a ...
6d
Renewables Meet Reality: Fuel Oil Still A Problem In New England
States like Massachusetts, Connecticut, and Maine, legislated with binding laws that set limits on emissions to mitigate ...
3d
on MSN
Strategic Russian Oil Depot Used by Nuclear Bombers Ablaze for Fifth Day
The Saratov regional governor said on Wednesday that an industrial building in Engels had come under a massive drone attack.
3d
Russia forms an emergency task force as Kerch Strait oil spill continues to spread
An emergency task force has arrived in Russia’s southern Krasnodar region to deal with the continuing consequences of an oil ...
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