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25.07.2014 Turkey approves EIA Report for South Stream’s offshore section

The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) Report and issued a positive opinion of the EIA results for South Stream's offshore section in Turkey.

13.05.2014 U.S. shale oil output expected to rise in June

Oil production across U.S. shale fields will likely rise by 75,000 barrels-per-day in June after rising nearly as much in May, monthly estimates from the Energy Information Administration (EIA) showed on May 12, Reuters has said.

15.04.2014 US Senate leaders call to review oil export ban

With proven U.S. crude oil reserves increasing, Senate leaders said it was time to lift a 1970s era ban restricting crude oil exports, UPI reported on April 14.

15.04.2014 OPEC says Azerbaijan's oil production to rise by end-2014

OPEC predicts Azerbaijan's oil production to amount to 0.87 million barrels per day (bpd) on average in 2014, Azernews reported on April 14.

08.04.2014 US oil imports may fall to zero by 2037

Net oil imports to the U.S. could fall to zero by 2037 because of robust production in areas including North Dakota’s Bakken field and Texas’s Eagle Ford formation, according to a government projection released on April 7, Bloomberg has reported.

17.02.2014 OPEC says Azerbaijan's oil production to rise slightly in 2014

The Organization of Petroleum Exporting Countries (OPEC) has predicted that Azerbaijan's oil production will slightly increase by 10,000 barrels per day (bpd) to 0.88 million bpd in 2014, Azernews reported on February 15.

12.02.2014 EIA lowers U.S. oil output forecast

The Energy Information Administration on February 11 lowered its U.S.

07.02.2014 China oil demand growing, US agency says

China's escalating energy demand is increasing its reliance on oil imports despite the nation's effort to control fossil-fuel consumption, according to a report from the US Energy Information Administration (EIA), China Daily reported on February 6.

09.01.2014 WTI crude trades near six-week low

West Texas Intermediate crude traded near the lowest price in six weeks after Energy Information Administration data showed fuel stockpiles increased more than forecast in the U.S., the world’s biggest oil consumer, Bloomberg reported on January 9.

08.01.2014 U.S. oil output growth to slow - EIA

The pace of U.S. oil production growth will begin to slow in 2015, even as global demand continues to rise, allowing OPEC to pump more crude for the first time in three years, U.S. government forecasts showed on January 7, Reuters has reported.