U.S. Utilities Face Sharp Increase in Natural Gas Costs A new report from the U.S. Energy Information Administration (EIA) projects that natural gas prices for utilities will rise by 37% by the end of 2025, driven by surging wholesale market costs. While consumers are expected to feel the impact, the cost increase for end users …
Oil Markets Show Modest Recovery After $2 Decline Crude oil prices posted a slight rebound Thursday following the $2-per-barrel drop on Wednesday, as investors weighed ongoing concerns about global oversupply. Despite Thursday’s uptick, traders remained cautious after the Energy Information Administration (EIA) reported a larger-than-expected increase in U.S. crude inventories, offsetting optimism for a broader …
Data source: Enverus Note: Well vintage is the year a well first begins producing crude oil or natural gas EIA report: new wells offset steep decline rates As U.S. crude oil and natural gas production have increased, so has the volume of production declines from existing wells.Additionally, steep decline curves continue to reshape capital allocation across unconventional basins. …
Crude Oil Stocks Fall Nearly Seven Million Barrels The U.S. government reported a nearly 7 million-barrel drop in crude oil stocks nationwide, marking a notable weekly decline in reserves. The U.S. Energy Information Administration (EIA) said the amount of crude oil in storage fell 6.8 million barrels over the past week — declining from 422.8 …
