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EIA expects oil prices to be under pressure from oversupply in 2025, 2026
Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report.
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.
Oil Prices Stable After Bearish EIA Report
The EIA predicts lower oil prices in 2025 and 2026 due to rising production and OPEC cuts, but the recent sanctions on Russia kept oil prices from falling.
US crude oil stocks excluding SPR fall to 2-year low, EIA says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.
41m
Oil ends lower, with U.S. prices failing to hold above $80 a barrel
Oil futures settled lower on Thursday, pulling back as news of an Israel-Hamas cease-fire deal helped to ease some worries ...
7h
on MSN
Oil price risk is expected to increase because of sanctions supply – Goldman
Oil price risks are skewed to the upside due to sanctions supply disruptions, said Samantha Dart, co-head of global ...
12h
Mideast oil prices jump on robust China, India demand post-sanctions
Spot premiums for Middle East crude rose to their highest in more than two years as strong demand from top importers China ...
1d
on MSN
Oil prices end higher as traders weigh demand prospects, supply risks
Oil futures settled higher Wednesday, finding support after snapping a three-day winning streak that had been driven in part ...
2d
2025 U.S. Oil Outlook: Don’t Count On A ‘Drill Baby Drill’ Mentality
Administrations can only do so much when it comes to global supply and demand dynamics, and there is probably going to be ...
2d
on MSN
Oil prices slip as Russia sanctions stay in focus
Oil prices fell on Tuesday a day after hitting four-month highs as the market focused on the impact of new U.S. sanctions on ...
Vanguard
6h
Crude oil price will dictate petrol pump price, says FG
Senator Heineken Lokpobiri on Thursday insisted that fluctuations in the pump price of petrol would be determined by the ...
6d
Why Oil Has Hit A 3-Month High With Brent Touching $80
On Friday, crude oil futures rose to price levels last seen in October 2024. What are the reasons behind the uptick in prices ...
FoodNavigator
5h
Why palm oil’s prices rocketed and sent buyers to other fats
A late year palm-oil price spike may be linked to market uncertainty, but underlying conditions were nevertheless the main ...
Crude Oil Prices
15h
Alberta Vows Fight Against Federal Oil Export Curbs
Canada's oil province, Alberta, opposes the federal government's plan to restrict oil exports in response to a potential US ...
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United States
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Petroleum industry in Russia
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