(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Two new oil developments in Alaska — the Nuna and Pikka projects — are expected to boost crude oil
(Oil Price) – The tariff wars and high spare capacity, mostly from the OPEC+ producers, are skewing the oil price risk to the downside in the medium term, according to Goldman Sachs. “While we reduced our Brent forecast range by $5/bbl to $65-80, we expect oil prices to edge up in coming months, and think that market pricing of volatility and
(Oil & Gas 360) – While prices show bearishness high, activity continues showing UP is the direction we head needing more oil & natural gas, and a drilling boom. Worries about tariffs and that a recession is where we head is dropping stock and other prices. Uncertainty increasing helped by tariff and Government Shut-Down fears has the NASDAQ down at 17,303.01
(Oil Price) – The chief executives of some of the largest Canadian energy companies called on Canada’s main political parties to declare a Canadian energy crisis and key projects in the “national interest,” which would speed up reforms, planning, and construction of new oil and gas pipelines and LNG terminals. The open letter from 14 CEOs representing the four largest pipeline companies and 10 largest
(BOE Report) – Vladimir Putin has edged closer to his goal of repairing Russia’s relations with the United States and driving a wedge between the U.S. and Europe, while offering only a slim contribution towards Donald Trump’s peace efforts in Ukraine. Before Tuesday’s long phone call between the two presidents, the U.S. side had said it would seek Russia’s agreement
(Yahoo News) – BOSTON – Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of them – suddenly dropped off the grid one day last summer and switched to on-site generators.
Weekly Crude Oil Storage as of March 14, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.7 million barrels from the previous week. At 437.0 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
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