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EIA slashes US, global oil demand forecasts for 2025
U.S. and global oil demand growth will be smaller next year than prior forecasts, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report.
EIA reduces crude oil price forecast through end-2025 on lower demand
In this month's outlook, EIA educed its 2025 forecast for US Lower 48 states (L48) crude oil production from last month by 1% to 11.3 million b/d. This reduction reflects a downward revision to EIA's West Texas Intermediate (WTI) crude oil price forecast.
US power use forecast to reach record highs in 2024 and 2025, EIA says
EIA projected power demand will rise to 4,093 billion kilowatt-hours (kWh) in 2024 and 4,163 billion kWh in 2025. With growing demand from artificial intelligence and data centers and as homes and businesses use more electricity for heat and transportation,
EIA Cuts 2025 Crude-Price Estimates on Lower Demand Outlook
The U.S. Energy Information Administration lowered its estimates for crude-oil prices next year, citing a decline in expectations for demand growth. In its Short Term Energy Outlook, the EIA said Tuesday it expects international-benchmark Brent-crude spot prices to average $77.
51m
U.S. households may not see much of a change in heating costs this winter: EIA
U.S. households are likely to spend the same or a bit less on energy this winter compared to last year thanks to lower prices ...
1h
US Oil Production Growth to Slow More Than Expected in 2025
The US expects crude production to grow by just 320,000 barrels a day next year, much slower than previously estimated.
1h
North Dakota's pipeline authority flags wildfire impact on oil, gas output
The North Dakota Pipeline Authority said on Tuesday oil production is estimated to be down nearly 60,000 to 90,000 barrels of ...
Jefferson Public Radio
4h
Carbon dioxide pollution in the West could drop with expansion of electrical grid, report says
A dozen projects slated to be built in the next five years could encourage more renewable energy development and lower costs, ...
2d
Big Tech has cozied up to nuclear energy
Tech giants are increasingly eyeing nuclear reactors to power their energy-hungry data centers. Amazon and Microsoft each ...
Crude Oil Prices
2h
U.S. Set Record-Highs in Natural Gas Power Generation This Summer
Low natural gas prices, hotter summer weather, and new generation capacity sent U.S. natural gas-fired power generation to a new all-time high this summer ...
Bill McEwen
1h
Fears of a Global Oil Shock if the Mideast Crisis Intensifies
Understand the potential economic fallout of an escalating conflict in the Middle East and its impact on the global oil ...
New Atlas
8h
Buoyancy-driven hybrid energy platform moves to full-scale pilot
Swedish company NoviOcean has tested a third-gen prototype of its combination wind/solar/wave energy platform, a floating ...
9d
Profiles in clean energy: Former Shell VP helps create a new way of making clean electricity
At oil and gas giant Shell, Cindy Taff was in charge of drilling wells that are considered unconventional because the oil or ...
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