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Tag: EIA

USA to become world leader in oil and gas production by 2040

In general, world oil demand will grow during most of the forecast period, but it will stabilize closer to its end. The entire growth in…

United States reduces oil imports by 11%

In the week of February 10-16, daily oil imports in the US fell by 867,000 barrels, or 11%, to 7,021 million barrels/day. In the annual…

U.S. active oil rigs count sharply increased

The number of active oil wells in the United States increased by 26 units (3.4%) during February 3-9 and amounted to 791. Report informs citing the…

EIA Revises Forecast for Oil Production in Azerbaijan

Oil and condensate production in Azerbaijan will be 0.79 million barrels per day in 2018. According to EIA forecasts, published in the February review of…

Citigroup: Oil price will gradually decline this year

The correction of oil prices in the world market continues and there is potential for further price cuts. Report informs, the US’s Citigroup analysts said. According…

Oil production in US exceeds 10 mln b/d for first time since 1970

In November 2017, the US increased oil production to more than 10 million barrels per day (b / d) for the first time since 1970,…

Why does oil hit $71?

Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S….

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