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    US EIA.
    Annual change in world liquid fuels consumption (2022-2025).
    Economics & Markets

    EIA: India to surpass China as leading contributor to global oil consumption growth in 2024, 2025

    Dec. 19, 2024
    India has become the primary driver of growth in global oil consumption for 2024 and 2025, surpassing China, which consistently led global oil consumption growth from 1998 to ...

    Latest Economics & Markets

    US Energy Information Administration.
    OEPC+ crude oil production and targets.
    ID 244545999 © Dmitrii Melnikov | Dreamstime.com
    Pump jack on US US dollar notes

    More from Economics & Markets

    335760476 © | daniil_peshkov | Dreamstime.com
    global oil markets illustration
    US Energy Information Administration.
    Lower 48 states natural gas inventories, end of injection season (2015-2024).
    EIA
    eia_lng_prices
    US Energy Information Administration.
    Monthly China gasoline apparent demand (Jan 2019-Oct 2024).
    IEA.
    Cumulative non-OPEC+ oil growth/Cumulative select new offshore supply
    US EIA
    eia_india
    Economics & Markets

    Oil prices higher on host of factors

    Nov. 8, 2024
    Oil prices this week found support with four key events: a hurricane, the US presidential election, OPEC+'s decision to delay a production increase, and another rate cut by the...
    Wood Mackenzie
    Guyana, Suriname cluster potential.
    LNG

    WoodMac: Guyana, Suriname could provide 12 million tpy of LNG in 2030s

    Nov. 4, 2024
    Guyana and Suriname could supply up to 12 million tpy of LNG by the next decade, according to a report by Wood Mackenzie.
    Economics & Markets

    OPEC+ extends oil output cuts through December

    Nov. 4, 2024
    The OPEC+ group, which includes Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, will extend oil output cuts again by 1 month until...
    Economics & Markets

    Technicals dominate oil prices

    Nov. 1, 2024
    While crude markets await a further back-and-forth between Israel and Iran, technical signals dominated oil price moves this week.
    EIA.
    Monthly marine crude oil exports from West Canada by destination.
    Economics & Markets

    EIA: US crude oil imports from Canada hit record following TMX pipeline expansion

    Oct. 30, 2024
    US imports of crude oil from Canada hit a record 4.3 million b/d in July after Canada expanded its Trans Mountain pipeline, according to US EIA data.