The Energy Information Administration lifted its outlook for Brent crude oil prices for this year and next, the agency said in a Tuesday report. The EIA now sees the spot price for Brent crude oil ...

The US Energy Information Administration (EIA) has projected a notable decrease in crude oil prices, anticipating that global oil supply will significantly outpace the demand for petroleum products.

Aug 12 (Reuters) - The U.S. Energy Information Administration on Tuesday forecast Brent crude oil spot prices will average less than $60 per barrel in the fourth quarter, which would be the first ...

Companies such as BP and Chevron have announced large cutbacks that are reshaping the fossil fuel sector’s workforce. Oil and gas companies are cutting costs and firing thousands of employees as ...

The United States produced a record-high 13.6 million barrels of crude oil per day in July, up from 13.5 million barrels per day (b/d) in June, the Energy Information Administration (EIA) said in its ...

Global oil inventories are expected to rise through 2026, putting downward pressure on prices. China’s stockpiling has helped limit price declines, even as global supply increases. US crude oil ...

Previously, we reported that the national average price of gasoline in the United States has dropped below $3 a gallon for the first time in years, in large part due to OPEC+ returning more barrels to ...

Crude oil futures prices increased due to strong spot demand. December delivery up 1.24% at Rs 5,309 per barrel on MCX.

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