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oil production

IEA Raises Oil Demand Forecast for 2020

The organization also warned that the recent surge in COVID-19 cases could threaten the market's recovery.

Iran Deal Concerns Push Oil Prices Above $70

“It is mostly a fundamentals-driven market, but the icing on the cake is the worry about Iran."

Exxon Shares Drop 3.7% on Another Profit Miss

In the first quarter, the benefits of higher oil prices were offset by weakness in Exxon's chemicals and refining businesses.

U.S. Oil Production to Hit New Record in 2018

With the shale boom continuing, the IEA says the U.S. will overtake Saudi Arabia as the world's No. 2 producer.

IEA Walks Back Forecast of End to Oil Glut

After predicting last month the market would return to balance, the agency now says that forecast may have been premature.

U.S. Oil Output To Decline in 2016, OPEC Says

OPEC appears to have calculated correctly that increasing its production in response to falling oil prices would force out high-cost U.S. producers.

U.S. Oil Output Lower Than Previous Estimate

New data from the Energy Information Administration confirm production has taken a hit from the slide in oil prices.

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