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.
Stocks for the week ended Jan. 10, were 3,115 Bcf vs. 3,373 Bcf for the week ended Jan. 3. Net change: -258 Bcf vs -40 Bcf ...
Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy ...
Wholesale electricity prices were lower in 2024 than 2023, with less price volatility, as solar and battery energy storage ...
The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy ...
Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana ...
Bullish EIA data and weather-driven demand may retest last week’s $4.369 high. Bearish news risks breaking $4.053 support.
The Energy Information Administration’s (EIA) new short-term energy forecast confirms strong demand for 2025 but notes that ...
The U.S. Energy Information Administration published its first forecasts for energy production, consumption, and prices through 2026 in its ...
API reports a 2.6M-barrel crude draw, lifting prices, but EIA’s bearish outlook looms as traders await the weekly inventories ...
West Texas Intermediate (WTI) Oil price retreats after reaching six-month highs, gaining more than 3%, in the previous ...
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