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 →
Short-Term Energy Outlook
Energy Quote of the Day: ‘Texas & North Dakota Now Account for Almost Half of Total US Oil Production’
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We will never sell or share your information without your consent. See our privacy policy.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 →