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Balanced Reporting. Trusted Insights.
Sunday, January 17, 2021
As increases in demand outpace growth in production, the Energy Information Administration predicts crude oil will average $62 per barrel in 2018, raising its earlier forecast by $3 a barrel.
According to analysis released by the Organization of Petroleum Exporting Countries, faster penetration of electric vehicles (EVs) could reduce oil demand to 108 million barrels a day (mb/d) by 2040.
LONDON, Oct. 25, 2017 - OPEC and participating non-OPEC producing countries have achieved a record high level of compliance with their agreement to voluntarily cut production, according to the joint ministerial committee responsible for monitoring the agreement.
WASHINGTON, Oct. 18, 2017 - India received its first-ever shipment of American petroleum earlier this month, among signs that the Asian nation’s energy needs are increasing at a faster rate than all other regions of the world.