19 articles
Geopolitical conflicts in Iran and Ukraine are driving a global diesel shortage with inventories at historic lows, prompting EIA forecasts that tight supplies will persist through 2027. Record prices
Oil prices breached $100 per barrel following intensified Iran-US tanker attacks in the Persian Gulf, leading the EIA to revise upward its price forecasts amidst supply disruption concerns.
US diesel inventories are projected to fall to 2003 lows below 100 million barrels due to global conflicts, leading the EIA to raise retail price forecasts by 14% to $5.55 per gallon for Q4 2026 amids
US propane and propylene inventories hit record highs in mid-August per EIA data, driven by rising production and imports against falling demand. Despite the bearish stock signal, Gulf Coast prices ro
U.S. crude oil production declined 2% in May to 13.71 million barrels per day, while exports surged to a record 5.73 million bpd per EIA data. Total domestic demand fell 3.5% due to higher prices driv
Analysts project U.S. crude and gasoline inventories fell while distillate stocks rose last week. API data confirmed a 3.3 million barrel crude drop, though gasoline rose, ahead of official EIA releas
The EIA forecasts global oil production will fully recover by year-end, lowering Brent crude price expectations to $74 per barrel for Q3. Increased supply is expected to create market oversupply by ea
US crude oil production hit a record 13.934 million barrels per day in April per EIA data, driven by Permian Basin growth and high prices responding to geopolitical tensions.
U.S. crude oil production reached a record 13.93 million barrels per day in April per EIA data, driven by higher prices. Texas and New Mexico led output gains while natural gas production fluctuated s
US crude oil inventories dropped 17.2 million barrels to a 40-year low amid surging demand and geopolitical tensions, while refinery utilization hit near-record highs and oil futures rose following th
US crude inventories dropped to 758.5 million barrels, their lowest since March 1985, per the EIA. Total inventories fell by 17.2 million barrels in the week ended June 12.
The EIA reported US aviation fuel production reached a record 2 million barrels daily, driven by export demand amid Middle East tensions. Spot prices in the Gulf Coast nearly doubled to $3.91 per gall
OECD oil stocks are set to fall to 2003 lows due to Middle East disruptions, according to EIA. Brent crude prices are forecast to reach $105 per barrel in mid-year despite a minor demand drop.
EIA forecasts U.S. power consumption will hit record highs in 2026 and 2027 due to AI data centers and electrification, rising to 4,397 billion kWh by 2027.
U.S. jet fuel output hit record levels with exports soaring as prices doubled amid Middle East tensions, per EIA. Domestic inventories remain above average despite increased refinery runs targeting av
A Reuters poll forecasts declines in U.S. crude, gasoline, and distillate inventories last week, estimating a 4 million barrel drop in crude stockpiles ahead of official EIA and API reports. Refinery
U.S. crude production held steady at 13.7 million barrels per day in March per the EIA, though Texas output fell. Natural gas production increased, while high oil prices linked to geopolitical tension
The EIA reported that U.S. crude and gasoline stockpiles decreased last week while distillate inventories increased. Refinery utilization rates dipped to 91.6% as net crude imports rose slightly.
U.S. crude oil exports reached a record 6.438 million barrels per day last week, rising 1.64 million bpd as regional conflicts reduced Middle Eastern supply availability.
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