Saturday, June 7, 2025

U.S. NatGas Reserves Went Up, but Oil Stands Pat in 2016: EIA

U.S. proved reserves of natural gas increased 5% in 2016, compared with a 17% decline in 2015 The United States had 341.1 trillion cubic feet (Tcf) of natural gas proved reserves as of December 31, 2016, according to U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2016, released by the EIA. U.S. crude oil and lease condensate proved reserves

Oil Prices Dragged Lower by U.S. Production Momentum

IEA says the tailwinds that pushed oil prices closer to $70 per barrel are now idle From UPI Feb. 13 (UPI) — An exuberant report on the pace of U.S. crude oil production growth sent crude oil prices lower to test multi-month lows in early Tuesday trading. Oil prices staged a comeback on Monday, recovering some ground lost during last week’s

Investors Skeptical of U.S. Oil Producer Discipline

Goldman says investors are unconvinced that U.S. producer discipline will hold From TheStreet.com Oil investors are skeptical about the prospects of another crude price rally, citing doubts about U.S. producer discipline, according to Goldman Sachs. The bank’s team of analysts met with investors in Hong Kong and Singapore last week, discovering that investor sentiment was very similar to its recent