Trade Tensions Lead IEA to Slash 2024-2025 Oil Demand Forecast
The IEA has marginally downgraded its oil demand growth forecast for late 2024 and early 2025 to around 1.2 mb/d, attributing the adjustment to emerging trade tensions following th...
energy market News
OPEC Slashes 2025 Oil Demand Growth Forecast to 1.3M bpd Amid Economic Shifts
OPEC revises its 2025 global oil demand growth forecast down to 1.3 million bpd, citing Q1 data and US tariffs. OECD and non-OECD countries show varied growth rates, with overall d...
US Natural Gas Inventories Surge by 57 Bcf: A Closer Look at the Latest EIA Report
The EIA reports a 57 Bcf increase in US natural gas inventories for the week ending April 4, reaching 1,830 billion cubic feet. Despite this rise, stocks are down 450 Bcf from last...
US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports
The EIA reports a 29 Bcf increase in US natural gas inventories for the week ending March 28, with levels now 80 Bcf below the five-year average.
US Natural Gas Inventories See Significant Drop: A 261 Bcf Decrease Unveiled
The Energy Information Administration reports a significant decrease in US natural gas inventories, with a 261 Bcf drop in the week ending February 21. This marks a considerable sh...
US Oil Rig Count Holds Steady at 483, Signaling Market Stability
The latest Baker Hughes weekly rig count reveals the US oil rig count remains unchanged at 483 for the week ending December 27, with a notable decrease from last year. Gas rigs and...
US Natural Gas Inventories Drop Significantly: EIA Report Highlights
The EIA reports a 125 Bcf drop in US natural gas inventories to 3,622 Bcf, 20 Bcf higher year-on-year and 132 Bcf above the five-year average, all within historical range.
