EIA News Updates

The freight market gained some momentum in September, as shrinking capacity helped offset flat demand and pressure from fuel costs.

As the conflict extends into a sixth month, consumers around the world are once again facing the prospect of higher fuel prices and inflation.

Unprecedented overseas demand for U.S. diesel, propane and other fuels is straining commercial reserves from the Gulf Coast to the Eastern Seaboard.

For 75 years, petroleum has been the energy source that has powered the U.S. more than any other. That’s about to change.

The Energy Information Administration’s new report will be published quarterly, beginning May 13, with energy security datasets.

The carrier’s post-market announcement April 16 is intended to reset expectations ahead of the release of earnings for the first quarter on April 22.

Diesel prices rocketed in the immediate aftermath of the joint U.S.-Israel attacks on Iran, and the military escalation that followed set in motion a wave of geopolitical uncertainty.

U.S. crude production fell to near 13.7 million barrels a day in December, the lowest in six months, according to a monthly report from the Energy Information Administration.

EIA expects the spot Brent crude price to average $55 per barrel in 2026, down from $69 in 2025 and $81 in 2024. Brent is the global benchmark for crude prices.

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.