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    • Economics & Markets

    IEA analysis based on EIA.
    US dry gas production growth sowed significantly over the winter period.
    Economics & Markets

    IEA: Bearish prices to dampen overall US dry gas production in 2024

    May 3, 2024
    After full-year production growth of 4% in 2023 and an all-time monthly production high in December 2023, US production growth slowed down significantly in early 2024.
    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.
    Rystad Energy.
    OEPC+ crude production, previously assumed and updated profile (million b/d).
    Economics & Markets

    OPEC+ members to extend oil production cuts through June

    March 4, 2024
    Several OPEC+ members, led by Saudi Arabia and Russia, will extend voluntary oil output cuts of 2.2 million b/d into second-quarter 2024, providing the market with a boost amid...