growth

Tight oil production in Permian drives growth in onshore U.S. Lower 48 states production

Onshore crude oil production in the U.S. Lower 48 states (L48) has more than tripled since January 2010, driven by…

3 weeks ago

EIA forecasts world oil consumption growth to slow amid less economic activity

We forecast consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by…

1 month ago

U.S. energy consumption growth decreases in the near term in the latest AEO

U.S. energy consumption decreases in the next several years before increasing again in the early 2040s through 2050, according to…

2 months ago

Consumption of renewable diesel continues general growth trend on the U.S. West Coast

Renewable diesel is increasingly replacing petroleum diesel on the U.S. West Coast, where state-level policies are attracting new production capacity…

4 months ago

Petroleum liquids supply growth driven by non-OPEC+ countries in 2025 and 2026

We forecast that worldwide production of petroleum and other liquids in 2025 and 2026 will grow more in non-OPEC+ countries…

4 months ago

New solar plants expected to support most U.S. electric generation growth

In our latest Short-Term Energy Outlook (STEO), we expect that U.S. renewable capacity additions—especially solar—will continue to drive the growth…

5 months ago

India to surpass China as the top source of global oil consumption growth in 2024 and 2025

India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this…

6 months ago

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