Running the rule on US supply
The head of the EIA discusses the market, the debate over fracking and what the future holds for the country’s energy data
The worst is probably over for America's tight oil producers, and prices should tick up next year as supply and demand come closer to balance, but the collapse in investment across the industry is putting the oil market in a perilous position. That's the view from the US capital. "We think Brent crude prices are going to recover to above $50 in 2017 on average compared to $42 in 2016. That should then result in oil production bottoming out and coming back up again," the head of the Energy Information Administration (EIA), Adam Sieminski, told Petroleum Economist at the Department of Energy in Washington DC. The EIA sees the third quarter of this year as a low point for domestic US crude outp
Also in this section
11 April 2025
The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
10 April 2025
Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook
10 April 2025
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
