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Oil drilling platform Shengli No.4 is in the midst of shipment at the outer anchorage of a port in Yantai, east China’s Shandong province, Feb. 8, 2018. The Shengli No. 4 and the New Shengli No.1 will be sent to Nigeria for oil exploration services. (Photo by Chu Yang from CFP)

EIA says global oil supply to rise in 2020

The global supply of liquid fuels will increase in 2020 with the United States as a major supplier, U.S. Energy Information Administration (EIA) said...
Eastern Importers Association

EIA Accuses National Security Of Extortion On The Accra, Aflao-Ho Route

The Eastern Importers Association (EIA), is a group of traders who import goods from Togo using Accra, Aflao-Ho corridors of the country. They have...
video

US exports of crude oil, petroleum products double in last six years – EIA

United States (US) crude oil and petroleum product gross exports have more than doubled over the past six years, says the Energy Information Administration...
oil

Crude prices fall back on profit making

According to data released Friday by oil service company Baker Hughes, the number of U.S. oil rigs in use fell by 10 this week...
oil

Price of oil dwindles despite surge in supplies

U.S. crude supplies of last week added 2.1 million barrels to 504.1 million barrels, 78.5 million barrels more than one year before, according...
Oil

Oil prices sink further amid excess in supply

Russia's oil output climbed 1.5 percent in January, reaching a post-Soviet high level, according to data from Russian Energy Ministry. U.S....
Oil

Oil prices remain steady amid worrying glut trends

Oil prices ended little changed Friday as worries that global supply would surpass demand persisted. The abundant supplies continued to drag the market. Iran...

Oil Prices In U.S. Up On Supply Forecast

U.S. oil prices gained Tuesday as the market expected another drop of crude inventories. U.S. Energy Information Administration (EIA) will publish Wednesday its report...
crude oil tanker

More Oil Supplies Pushes Price Down

Oil prices lost Monday amid growing supplies from the United States and the Organization of Petroleum Exporting Countries (OPEC). For the week ended Feb. 20....

Why Is Oil Losing Its Shine?

CRUDE AWAKENING Oil prices became the main topic to close 2014 and the main topic to begin 2015. Many people are facing up to the...