Tag: US oil output

Commercialization, Conventional Fuels

Oil turns negative ahead of US inventory data

December 27, 2019

Via: CNBC energy

Oil prices retreated from three-month highs on Friday, moving lower despite upbeat economic data from China and the United States and optimism over a trade deal between the two major economies. Brent crude futures shed 29 cents to trade at […]

News and Policies, U.S.

Drillers are cutting billions of dollars in spending, raising questions about US oil output

March 11, 2019

Via: CNBC energy

The shale drillers behind booming U.S. oil and natural gas output have survived a bevy of challenges in recent years, from a historic oil price downturn to an effort by OPEC to wash them out of the market with a […]

Energy Consumption, Global

EIA raises 2017 world oil demand growth forecast

May 10, 2017

Via: American Energy News

Increasing crude output from the United States will likely limit oil prices through the end of 2018, according to the US Energy Information Administration. The EIA said US crude production is expected to increase this year to 9.31 million barrels per […]