Short-Term Energy Outlook

Prices Help Drive Increase of Midwest Oil Exploration

The EIA’s latest Short-term Energy Outlook is out and US crude oil output continues to soar, while natural gas prices are expected to climb back toward the $5 per million BTU level this year, before slightly pulling back in 2015. EIA Administrator Adam Sieminski highlighted just how prolific US crude oil production has been in… Keep reading →

OPEC Heads Of State Gather In Saudi Arabia

Opec countries’ oil export revenues – excluding Iran – reached $982 billion last year, up by 5% over the previous year, according to Energy Information Administration estimates. This marks a record for EIA estimates covering the 1975-2012 time period, with Saudi Arabia accounting for 32% of the total. But revenues are projected to fall this year and… Keep reading →