EIA predicts oil prices to decrease despite market uncertainty
The US Energy Information Administration (EIA) expects that Brent crude oil price will average less than US$70/bbl in 2025 and approximately US$58/bbl in 2026.
The US Energy Information Administration (EIA) expects that Brent crude oil price will average less than US$70/bbl in 2025 and approximately US$58/bbl in 2026.
Emma Bundy, Yokogawa RAP, explores how industrial transformation solutions can improve safety, reliability, and operational efficiency for large corporations within the industry.
In 2024, the US imported about 17% of its domestic energy supply, half of the record share set in 2006 and the lowest share since 1985, according to the EIA’s Monthly Energy Review.
Off the back of unseasonably high spring temperatures, process engineers are being encouraged to prepare for summer heat by working with specialist partners to supplement cooling in emergencies, maintenance, and upgrades across the UK.
New research from Sulzer reveals widespread inefficiencies across industrial pump fleets, with some operators missing out on energy savings of over US$1.5 million per site.
Together with its customers, Everllence is determined to make the fight against climate change the future of its business growth. To achieve net zero emissions by 2050, we must reduce emissions by two thirds in this decade.
An influx of major new projects within the North American market have been attributed to Burckhardt Compression’s customer-centric approach.
In this special report, Erich Labuda, ABB Motion Services, explores how scaling up energy efficiency measures in the oil, gas, and petrochemicals industries could free up global energy capacity.
In this special report, Aleksandr Druzhkov, Emerson, explores infrastructure needed for carbon capture, utilisation, and storage (CCUS), with a particular focus on flow meters measuring carbon dioxide.
As the global transition to clean energy accelerates, Greene Tweed engineers are developing and testing advanced materials to overcome the challenges faced by companies pursuing sustainability goals. This article focuses on four key areas where innovation in material science is driving progress.
Ng Weng Hoong, Contributing Editor, explores the turbulence in the Asian oil and gas markets, while considering the future of the industry in the region.
Although global oil demand is expected to grow, the long-term outlook for many refineries is uncertain. Wood Mackenzie’s latest global refinery closure threat analysis reviews 420 sites worldwide, identifying those most at risk by 2035. Rising carbon cost, shifting demands and lack of petrochemical integration are key factors shaping future viability.
A new report from Wood Mackenzie, ‘Trading cases: Tariff scenarios for taxing times’, presents three distinct futures for the global energy landscape.
The EIA has forecast that world oil consumption growth will slow amid less economic activity.
DECHEMA has launched ACHEMA Middle East in Saudi Arabia together with Messe Frankfurt.