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U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will ease from a record 103.79 billion cubic feet per day (bcfd) in 2023 to 102.99 bcfd in 2024 as several producers reduce ...
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Russia’s crude flows rebounded in the seven days to May 5, with additional vessels leaving the major ports of Kozmino on the Pacific coast and Murmansk on the Arctic. The four-week average also rose. Buoyed by last week’s increase, crude shipments for the year so far are running ahead of the average for 2023, with domestic oil processing still under ...