us oil – Thinking Port

U.S. EIA Forecasts Lower Oil Price in 2025 Amid Significant Market Uncertainties

January 23, 2025 admin Fossil Fuels, Oil, oil prices, opec, us oil

Credit to Author: US Energy Information Administration| Date: Wed, 22 Jan 2025 04:58:46 +0000

We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other liquids and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and … [continued]

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CleanTech Energy News Science

U.S. EIA Extends 5 Key Energy Forecasts through December 2026

January 17, 2025 admin clean power, Fossil Fuels, lng, market research, Oil, research, Solar energy, us oil, us solar, us solar power, wind energy

Credit to Author: US Energy Information Administration| Date: Thu, 16 Jan 2025 04:44:57 +0000

In our January 2024 Short-Term Energy Outlook, which includes data and forecasts through December 2026, we forecast five key energy trends that we expect will help shape markets over the next two years. Electricity consumption will start growing, driven by new demand sources After almost two decades of relatively little … [continued]

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CleanTech Energy News Science

China’s EV Export Era Is A Bigger Geopolitical Move Than We Normally Acknowledge

January 14, 2025 admin byd, China, clean transport, electric cars, Electric vehicles, Fossil Fuels, Oil, policy & politics, US, us oil

Credit to Author: Zachary Shahan| Date: Tue, 14 Jan 2025 04:58:34 +0000

It’s clear to anyone following the global EV market — the Chinese EV market is much bigger than any other EV market (it accounts for about 50% of the global EV market all by itself), Chinese EV producers now absolutely dominate their home market, and some of those Chinese EV … [continued]

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CleanTech Energy News Science

Oil Consumption Growth Trends in China, India, & USA — Is 2025 Forecast Accurate?

December 23, 2024 admin China, clean transport, Electric vehicles, energy information administration (eia), Fossil Fuels, India, market research, middle east, Oil, oil consumption, research, US, us oil

Credit to Author: Zachary Shahan| Date: Thu, 19 Dec 2024 18:06:31 +0000

The US Energy Information Administration put out an interesting article today. The headline focused on growth of oil consumption in India compared to China — “India to surpass China as the top source of global oil consumption growth in 2024 and 2025.” I sat looking at the chart for several … [continued]

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