EIA Tag

Recent upward momentum in the US shale oil market is set to continue with production projected to rise for the fifth straight month, according to a forecast from the US Energy Information Administration (EIA). The EIA’s latest drilling productivity report has projected that production across the...

US President Donald Trump has devised a plan to sell off half of the nation’s strategic crude oil reserves in order to help balance the budget. The plan was outlined in the White House’s 2018 budget proposal, which proposes raising nearly US$16.6 billion by 2027 through...