Commodities
Commodity News
EIA expects gasoline and diesel prices to increase as U.S. economy recovers
National average motor gasoline and diesel prices in 2020 were the lowest since 2016: $2.17 per gallon (gal) for gasoline and $2.55/gal for diesel, according to the U.S. Energy Information Administration’s (EIA) Gasoline and Diesel Fuel Update. Read more
Jan 25, 2021
EIA expects crude oil prices to average near $50 per barrel through 2022
EIA expects that growth in crude oil production from members of the Organization of the Petroleum Exporting Countries (OPEC) and partner countries (OPEC+) will be limited because of a multilateral agreement to limit production. Read more
Jan 22, 2021
Schlumberger echoes rivals' oil recovery predictions after results beat
Schlumberger NV on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world’s top oilfield services provider’s fourth-quarter results beat estimates, aided partly by growing drilling demand. Read more
Jan 22, 2021
