Tag:
energy news
Energy News
EIA says U.S. refining capacity to drop 3% to 17.9 mn
The U.S. refining capacity is expected to drop by about 3 percent by the end of 2025, reaching 17.9 million barrels per day, the...
Energy News
U.S. oil mergers slow down in Q3 2024 after record consolidation wave
U.S. oil mergers sharply decelerated in the third quarter of 2024, following a year-long wave of consolidation that left fewer companies available for acquisition...
Energy News
OPEC lowers 2024 oil demand forecast reflecting cleaner energy transitions
The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand growth forecast for 2024 downward for the third consecutive month,...
Renewable Energy
U.S. natural gas production to drop in 2024, EIA forecasts
The U.S. Energy Information Administration (EIA) has projected a slight decline in U.S. natural gas production in 2024, while domestic demand for gas will...
Energy News
Energy as a service market to reach $247.8 bn
The Energy as a Service (EaaS) Market size will expand at over 8.8 percent CAGR from 2024 to 2032, due to the technological advancements...
Energy News
EIA releases review of oil and gas industry for Q2 2024
The US Energy Information Administration (EIA) has published its Financial Review of the Global Oil and Natural Gas Industry: Second-Quarter 2024, highlighting key trends...
Energy News
Global energy outlook 2050: Renewables set to surge, but oil and gas remain key
ExxonMobil has released its Global Outlook 2050, projecting significant growth in solar and wind energy but reaffirming the continued dominance of oil and natural...
Energy News
EIA forecasts crude oil prices to rise above $80 per barrel
The U.S. Energy Information Administration (EIA) said it anticipates a rebound in Brent crude oil prices, predicting they will exceed $80 per barrel in...