Recent OPEC Agreement Reflected in US EIA Forecast Dec 12, 2016The US Energy Information Administration’s new
Today in Energy brief looks at OPEC’s recent agreement to reduce oil production.
Natural gas use features two seasonal peaks per year Sep 14, 2015Use of natural gas has two seasonal peaks, with consumption patterns predominantly driven by weather. The largest peak occurs during the winter,
Russia is world's largest producer of crude oil and lease condensate Aug 7, 2015Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas, after the United States. Hydrocarbons play a large role in the Russian economy, as revenue from oil and natural gas production and exports accounts for more than half of Russia's federal budget revenue. However, recent international sanctions on Russia, coupled with low oil prices, have put pressure on the Russian economy