Sunday 26 May 2019
US Energy

US crude oil output to soar despite price rout

US crude oil production will peak at 10.6 million barrels per day in 2020, a million barrels more than the high forecast a year earlier, undeterred by the worst price rout since the financial crisis, a report said. The US governme


Opec income to soar 32pc on high oil price

Higher crude oil prices and  stronger global oil demand will see Opec's earnings from oil  exports increase by nearly a third this year and keep rising  through 2011, the US Energy Department said on Tuesday. The US Energy I


Oil falls to $81 as dollar gains

US crude oil fell on Thursday to around $81 a barrel, weighed down by gains in the dollar, but a big drawdown in US gasoline stocks, a weak longer-term outlook for the greenback and positive technicals all supported. A US Energy Informatio

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