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U.S. crude oil production tops 7 million barrels per day, highest since...

U.S. crude oil production exceeded an average 7 million barrels per day (bbl/d) in November and December 2012, the highest volume since December 1992. The end-of-year data were reported on February 27...

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China poised to become the world’s largest net oil importer later this year,...

EIA’s August 2013 Short-Term Energy Outlook (STEO) forecasts that China’s net oil imports will exceed those of the United States by October 2013 on a monthly basis and by 2014 on an annual basis,...

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Mexico’s energy reform seeks to reverse decline in oil production

In late 2013, Mexico’s congress approved historic legislation that altered the 1938 ban on private sector participation in the Mexican energy sector. These reforms, that end the 75-year monopoly of...

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Oil and natural gas sales accounted for 68% of Russia’s total export revenues...

Russia is a major exporter of crude oil, petroleum products, and natural gas. Sales of these fuels accounted for 68% of Russia’s total export revenues in 2013, based on data from Russia’s Federal...

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Average Gas Prices Drop Below $2.00 per Gallon in Two States

WASHINGTON – Average gas prices in two states – Missouri ($1.93) and Oklahoma ($1.98) – have dropped below $2.00 per gallon for the first time since 2009. The national average has fallen 95 days in a...

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