Economics & Markets

EIA.
Brent crude oil spot price and global inventory changes.
Brent crude oil spot price and global inventory changes.
Brent crude oil spot price and global inventory changes.
Brent crude oil spot price and global inventory changes.
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...
World Oil Market At A Glance (Fig. 1).
World Oil Market At A Glance (Fig. 1).
World Oil Market At A Glance (Fig. 1).
World Oil Market At A Glance (Fig. 1).
World Oil Market At A Glance (Fig. 1).
Economics & Markets

OPEC+ faces escalating pressure in 2024

Jan. 16, 2024
In 2023, oil demand reached an unprecedented 101.7 million b/d, driven by the rapid expansion of Chinese petrochemical activity and a surge in its demand for NGL feedstocks.
Economics & Markets

QatarEnergy halts Red Sea LNG shipments

Jan. 16, 2024
QatarEnergy has halted the shipment of tankers through the Red Sea due to security concerns.
Economics & Markets

EIA: Oil prices to average $79/bbl in 2025

Jan. 9, 2024
The US EIA predicts Brent crude oil prices will average $82/bbl in 2024, roughly the same as in 2023, and then fall to $79/bbl in 2025.
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Economics & Markets

Angola to leave OPEC in 2024

Dec. 28, 2023
Angola last week announced it was leaving OPEC effective. Jan. 1, 2024. The country’s oil minister, Diamantino Azevedo said membership was no longer in the country’s best interests...
Devon Energy
Economics & Markets

Report: E&P firms pull back on capex growth plans

Dec. 20, 2023
The Dallas Fed’s latest survey of executives also suggests small firms see 2024 as a time to grow production while large firms will focus more on M&A.