EIA's Short-Term Energy Outlook forecasts WTI will average $52 in 2026 as low prices weigh down oil production.

World petroleum and other liquid fuels production will outweigh consumption by 2.83 million barrels per day in 2026, ...

The EIA projected that world petroleum and other liquid fuels production will come in higher than consumption both this year and next year in its latest short term energy outlook. Image by Pakhomov ...

EIA forecasts U.S. oil production to stay near 13.6M b/d in 2026, then fall 2% in 2027 as Permian growth stalls and WTI prices drop.

The Energy Information Administration said ethanol output dropped during the seven days ending on January 15. Production of ...

Crude oil production in Alaska is poised to rise to its highest level in nearly a decade, driven by strong performance from new North Slope projects, according to the US Energy Information ...

Alaska could see a boom in oil production next year, a sharp reversal for a state that has seen decades of declining production, according to the U.S. Energy Information Administration. EIA estimates ...

HOUSTON (Reuters) -U.S. crude oil production hit a record high in June, rising 133,000 barrels per day to 13.58 million bpd, according to data released by the Energy Information Administration as part ...

The US Energy Information Administration is anticipating a “significant decline in the price of oil” as global supplies begin to build up in the second half of the year, the federal agency said ...

U.S. crude oil production likely will fall over the next year-and-a-half as producers cut back on drilling activity in response to lower oil prices, the U.S. Energy Information Administration said ...