Data source: U.S. Energy Information Administration, Permian Basin: Part IINote: See full-size images, starting from top left: 1, 2, 3, 4, 5, 6 We have updated our maps and geologic information for the Spraberry formation in the Midland Basin,…
Source: U.S. Energy Information Administration, Weekly Petroleum Status Report On March 1, the U.S. Department of Energy committed to releasing 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to…
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it…
Tsvetana Paraskova, Oilprice.com- Jan 25, 2022, 1:30 PM CST High-impact well drilling activity returned to growth in 2021 after a decade-low in 2020 when the pandemic and crash in demand…
LONDON, Jan 25 (Reuters) - Oil prices bounced back on Tuesday, recovering some of the previous day's losses, as growing tension in Eastern Europe and the Middle East fueled concerns…
Jan 12 (Reuters) - U.S. crude oil stockpiles fell more than expected to their lowest levels since October 2018, but gasoline inventories surged due to weak demand, the Energy Information…
Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2021 In our January 2022 Short-Term Energy Outlook (STEO), we forecast that crude oil prices will fall from 2021 levels. In the fourth quarter of…
Source: Graph by the U.S. Energy Information Administration, based on data from Refinitiv Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy…
Gas prices around the region are expected to drop slightly leading into the holidays. David Kennard|The Robesonian Two major price watchers are pointing to falling gas prices during the holiday…
The sudden drop in global oil prices also wiped value from the UK’s largest listed oil and gas companies. Photograph: Jacob Ford/AP Jillian Ambrose Energy correspondent Fri 26 Nov 2021 07.22…