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Oil Prices Set For Weekly Loss as War Premium Evaporates

OilPrice

Crude oil prices were set to end the week lower than they started it as Israel and Iran stopped bombing each other, alleviating fears of a supply disruption in the Middle East. Energy Information Administration reported a draw in both crude oil and fuel inventories,… per barrel.

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U.S. Crude Oil Output Hits Record in April as Refining Margins Tighten

OilPrice

crude oil production surged to an all-time high of 13.24 million barrels per day (bpd) in April, according to newly released data from the Energy Information Administration. The increase of 0.4%

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Oil Jumps on Significant Crude, Product Inventory Slide

OilPrice

Crude oil inventories in the United States fell by 5.8 Energy Information Administration (EIA) released on Wednesday. million barrels during the week ending June 20, according to new data from the U.S. The drop brings commercial stockpiles to 415.1 million barrels, roughly 11% below the five-year average for this time of year.

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Oil Prices Edge Higher But Uncertainty Caps Gains

OilPrice

Oil prices posted modest gains in early Asia trade on Thursday, recovering from a multi-day slump as a sharper-than-expected draw in U.S. EIA Inventory Report Lifts Oil Prices The U.S. EIA Inventory Report Lifts Oil Prices The U.S. Energy Information Administration reported a substantial 3.17

Oil
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The Shifting Landscape of American Energy Sources

OilPrice

Energy Information Administration to illustrate how the country’s energy generation landscape has evolved since 1950. in 2024—making it the leading energy source in recent years, surpassing both coal and oil. in 2024—making it the leading energy source in recent years, surpassing both coal and oil.

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EIA Backs up API With Shocking Rise of US Crude Oil Inventories

OilPrice

Crude oil inventories in the United States increased by 7.1 Energy Information Administration (EIA) released on Wednesday. million barrels during the week ending July 4, according to new data from the U.S. The build brings commercial stockpiles to 426 million barrels, still 8% below the five-year average for this time of year.

API
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EIA Calls Peak Shale as Drilling Activity Declines

OilPrice

crude oil production is now forecast to slip from a record 13.5 Energy Information Administration’s bombshell June Short-Term Energy Outlook, signaling to an already price-weary industry that shale’s best days are in the rearview. Peak shale may already be behind us. million barrels per day (bpd) in Q2 2025 to around 13.3