EIA | Egypt Oil & Gas

OPEC Loses $76b for US Shale

OPEC lost $76b in 2016 due to low oil prices caused by rising US oil production.

OPEC Revenues to Fall 15% in 2016

OPEC's 2016 oil export revenues will probably fall 15% to $341b, down for the third straight year and possibly the lowest in more than a decade.

US EIA Forecasts Gas Production Decline in 2016

The US Energy Information Administration (EIA) revealed its forecast for US domestic natural gas production in 2016, which is expected to mount to 79.69bcf/d, marking the sixth annual record high.

US Shale Oil Production Expected to Decline

U.S. shale oil production is expected to fall by above 600,000b/d in January as oil prices remain slashed to seven-year low, according to a U.S. government forecast.

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