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    • Economics & Markets

    EIA.
    OPEC surplus crude oil production capacity.
    Economics & Markets

    EIA: Brent crude prices to stay near $90/bbl to end-2024

    May 8, 2024
    The US EIA expects voluntary OPEC+ crude oil production cuts and ongoing geopolitical risks will maintain Brent crude oil prices near $90/bbl for the remainder of 2024 before ...
    Members-Only

    Fourth-quarter 2023 earnings down from year ago on lower commodity prices

    March 25, 2024
    A group of 51 US-based oil and gas producers and refiners reported a total net income of $33.54 billion in fourth-quarter 2023, compared with a combined net income of $57.1 billion...
    Wood Mackenzie.
    GHG emissions intensity by region (wellhead to LNG loading point).
    Economics & Markets

    WoodMac: Global LNG market could split if EU carbon tax imposed on imports

    March 21, 2024
    The global LNG market could transform and potentially bifurcate if the European Union extends carbon taxes to include LNG imports.
    EIA.
    Brent crude oil spot price and global inventory changes.
    Economics & Markets

    EIA raises Brent price forecast on extended OPEC+ production cuts

    March 13, 2024
    In its March Short-Term Energy Outlook, the US Energy Information Administration said it expects the Brent crude oil spot price will average $88/bbl in second-quarter 2024, up...
    EIA.
    Average annual crude oil and condensate production from top three global producers (2013-2023).
    Economics & Markets

    EIA: US currently produces more crude oil than any country in history

    March 12, 2024
    The US has produced more crude oil than any country at any time for the past 6 consecutive years, according to Energy Information Administration data.
    US Energy Information Administration.
    China crude oil processing (2011-2023).
    Refining

    Crude oil processing in China hit all-time high in 2023

    March 5, 2024
    China set a new crude oil processing milestone with an average of 14.8 million b/d in 2023.