The EIA also forecast the US as a net exporter of crude oil and petroleum products by 2020
EIA
Posted inDRILLING & PRODUCTION
Oil spikes to $70 per barrel on large US crude inventory draw
In the last week of 2019, US commercial crude inventories dropped almost four times more than expected
Posted inDRILLING & PRODUCTION
ADNOC among top 10 most influential energy companies: GlobalData
The ranking was based on online mentions, engagement and expert analysis
Posted inDRILLING & PRODUCTION
IEA: US oil production will equal Saudi Arabia and Russia’s combined output by 2025
IEA Head Fatih Birol said that US production would “completely change the balance of oil markets”
Posted inDRILLING & PRODUCTION
EIA: Brent crude at $75 per barrel in 2019, Iran production to fall by 1mn barrels per day
The US Energy Information Administration says Brent crude oil will average $75 per barrel in 2019, but the future remains uncertain
Posted inDRILLING & PRODUCTION
EIA boosts price forecast for Brent and WTI crude oil in 2019
The Permian region, OPEC production, US sanctions on Iran and Venezuela all have roles to play in determining future oil prices.