Saturday 29 August 2015
 
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EIA

EIA lowers 2015, 2016 US crude oil production forecasts

The US government lowered both its 2015 and 2016 US crude oil production forecasts as a 60-per cent rout in benchmark prices since last summer weighs on shale output.   In its short term energy outlook, the US En

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EIA slightly raises 2015 and 2016 oil production forecasts

The US government modestly raised its 2015 and 2016 US crude oil production forecasts while lowering its price outlook.   In its short term energy outlook, the US Energy Information Administration (EIA) raised it

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Oil extends gains as Yemen bombing continues

Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement b

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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

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Shale oil to dominate Opec-Russia June talks

Russia has said that it would meet Opec in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the US energy boom.

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Shale oil to dominate Opec-Russia June talks

Russia has said that it would meet Opec in June to discuss the impact of shale oil on global markets, just days before the producers' group decides whether its policy of high production is sufficient to stifle the US energy boom.

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EIA raises 2015 US oil production forecast

The US Energy Information Administration revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year. Expe

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EIA raises 2015 US oil production forecast

The US Energy Information Administration revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year. Expe

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Oil slips below $56 as oversupply fears linger

Oil slipped below $56 a barrel on Wednesday, pressured by expectations that oversupply in world markets would persist and an industry report saying US crude stocks rose from a record high. The American Petroleum Institute said on

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EIA to finance banknotes printing project

The Board of Directors of Emirates Investment Authority (EIA), the only sovereign wealth fund of the Federal Government of the UAE, agreed to provide the proposed amount to set up and operate the banknotes printing house. The meet

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