The EIA projected that world petroleum and other liquid fuels production will come in higher than consumption both this year and next year in its latest short term energy outlook. Image by Pakhomov ...

U.S. oil production hit a record high in October, according to the Energy Information Administration on Wednesday ...

The idea of peak oil is familiar to most readers. It refers to the point at which global petroleum production reaches its maximum point and begins an irreversible decline. Turning to the United States ...

The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can ...

February WTI crude oil (CLG26) today is down -0.03 (-0.05%), and February RBOB gasoline (RBG26) is down -0.0196 (-1.13%).

World petroleum and other liquid fuels production will outweigh consumption by 2.24 million barrels per day in 2025, according to the EIA's latest short term energy outlook.

HOUSTON (Reuters) -U.S. crude oil production hit a record high in June, rising 133,000 barrels per day to 13.58 million bpd, according to data released by the Energy Information Administration as part ...

Alaska could see a boom in oil production next year, a sharp reversal for a state that has seen decades of declining production, according to the U.S. Energy Information Administration. EIA estimates ...

The US Energy Information Administration (EIA) raised its estimates for OPEC crude oil production capacity in its December Short-Term Energy Outlook, ...

U.S. crude-oil production is likely to decline over the next 18 months as producers cut back on drilling activity in response to lower oil prices, the U.S. Energy Information Administration said ...

The Energy Information Administration (EIA), in its Annual Energy Outlook report (AEO), published on Tuesday, said that the peak of U.S. gas production and demand will be in 2032. EIA predicted that ...

The US Energy Information Administration is anticipating a “significant decline in the price of oil” as global supplies begin to build up in the second half of the year, the federal agency said ...