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OPEC

March 21, 2024

EIA increases oil price forecast following OPEC+ production cut extension


January 2, 2024

Brent crude oil prices averaged $19 per barrel less in 2023 than 2022


December 18, 2023

What is OPEC+ and how is it different from OPEC?


September 25, 2023

OPEC+ production cuts drive up sour crude oil price around the world


May 9, 2023

What is OPEC+ and how is it different from OPEC?


September 7, 2022

OPEC oil export revenues forecast to increase in 2022 but decline in 2023


June 24, 2022

EIA estimates show a decrease in global surplus crude oil production capacity in 2022


January 28, 2022

EIA forecasts OPEC production will grow in 2022 despite recent production outages in Libya


December 3, 2021

More OPEC production and higher global natural gas prices widen crude oil price spreads


August 18, 2021

OPEC petroleum production forecast revised down for 2021


August 2, 2021

OPEC+ agrees to crude oil production increases, but Brent crude oil prices remain high


May 5, 2021

U.S. crude oil imports from OPEC are down, but imports from Canada remain high


March 17, 2021

EIA expects crude oil prices to rise through April because of lower OPEC production


November 3, 2020

OPEC members' net oil export revenue in 2020 expected to drop to lowest level since 2002


October 13, 2020

Global liquid fuels production outages have increased in 2020


September 23, 2020

OPEC+ agreement to reduce production contributes to global oil market rebalancing


March 16, 2020

OPEC shift to maintain market share will cause global inventory increases and lower prices


October 1, 2019

August non-OPEC unplanned oil production outages fell to lowest level since at least 2011


July 17, 2019

Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015


June 13, 2019

Monthly U.S. crude oil imports from OPEC fall to a 30-year low


September 18, 2018

OPEC net oil export revenues increased in 2017, will likely continue to increase in 2018


June 15, 2018

EIA expects Brent crude prices will average $71 per barrel in 2018, $68 per barrel in 2019


May 30, 2018

Total liquid fuels inventories return to five-year averages in the United States and OECD


May 21, 2018

United States remains the world’s top producer of petroleum and natural gas hydrocarbons


January 3, 2018

Crude oil prices increased in 2017, and Brent-WTI spread widened


October 23, 2017

September unplanned global oil supply disruptions fall to lowest level since January 2012


September 5, 2017

Oman’s petroleum and other liquids production reached record levels in 2016


July 13, 2017

Brent and WTI crude oil prices expected to average about $50 per barrel through 2018


June 15, 2017

Global oil markets expected to tighten in third quarter 2017, then loosen through 2018


June 7, 2017

United States remains the world’s top producer of petroleum and natural gas hydrocarbons


May 19, 2017

OPEC net oil revenues in 2016 were the lowest since 2004


April 11, 2017

U.S. crude oil imports increased in 2016


February 24, 2017

U.S. crude oil imports from Saudi Arabia and Iraq recently increased, but may decline soon


January 4, 2017

Crude oil prices increased in 2016, still below 2015 averages


December 9, 2016

Recent OPEC agreement reflected in EIA forecast issued earlier this week


August 26, 2016

OPEC members' net oil export revenue in 2015 drops to lowest level since 2004


February 29, 2016

Iraq is second-leading contributor to global liquids supply growth in 2015


January 21, 2016

Oman is the largest non-OPEC oil producer in the Middle East


January 13, 2016

Crude oil prices to remain relatively low through 2016 and 2017


January 6, 2016

Crude oil prices started 2015 relatively low, ended the year lower


October 23, 2015

United Arab Emirates plans to increase crude oil and natural gas production


October 15, 2015

Indonesia rejoining OPEC despite being a net importer of petroleum


August 24, 2015

Growing global liquids inventories reflect lower crude oil prices


December 17, 2014

OPEC net oil export revenues expected to fall in 2014 and 2015


August 27, 2014

U.S. liquid fuels production growth more than offsets unplanned supply disruptions


August 21, 2014

Average Brent crude oil prices trade within $5 per barrel range for 13 months in a row


February 12, 2014

EIA releases assessment of short-term uncertainties for global oil supply


January 9, 2014

U.S. crude oil production growth contributes to global oil price stability in 2013


April 26, 2013

Sanctions reduced Iran's oil exports and revenues in 2012


January 22, 2013

Political risks focus attention on supply of Venezuelan oil to the United States


December 20, 2012

U.S. could become the world’s top liquid fuels producer, but how much does it matter?


June 28, 2012

AEO2012 considers three cases for the future of world oil prices


May 24, 2012

OPEC spare capacity in the first quarter of 2012 at lowest level since 2008


October 14, 2011

Angolan oil production has doubled since 2003


September 13, 2011

Nigeria, the largest crude oil producer in Africa, is a major source of U.S. imports


July 21, 2011

Kuwait, a leading oil exporter, relies on imports of liquefied natural gas


June 21, 2011

EIA forecasts increased oil demand, need for additional supply from OPEC producers in 2011


June 17, 2011

EIA highlights key factors in new energy and financial markets web page


May 27, 2011

AEO Issues in Focus: Effects of different oil price paths