Energy, Oil & Gas

Expanding strategic oil stocks in China support crude oil prices: EIA

US Energy Information Administration (EIA) estimates crude oil inventories in China increased by about 900,000 barrels per day (b/d) between January and August this year, essentially acting as a source of demand by removing barrels from the global markets....

Energy, Oil & Gas

US crude oil production will average 13.5 mmb/d in 2025, 2026: EIA

The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million barrels per day (mmb/d) in both 2025 and 2026, both slightly higher than the agency’s September forecast....