EIA: natural gas to average $7.53 in '07 10/15/2006
Henry Hub spot price expected to average $6.90 per mcf this year; WTI, $67 per barrel in '06, $66 per barrel next year
The Henry Hub spot price for natural gas is expected to average $6.90 per thousand cubic feet this year and rise to $7.53 per mcf in 2007, the Department of Energy's Energy Information Administration...

$70 WTI crude oil spot in '06-'07 09/17/2006
Henry Hub natural gas spot prices expected to average $7.51 per mcf in '06, down from '05 $8.86; $8.30 expected in '07
Crude oil prices fell during most of August and into early September and the West Texas Intermediate crude oil spot price is projected to average around $70 a barrel in 2006 and 2007, the U.S. Departm...

EIA expects $68 WTI spot price '06-'07 06/18/2006
The U.S. Department of Energy's Energy Information Administration expects the West Texas Intermediate crude oil spot price to average $68 in both 2006 and 2007, the agency said in its June short-term...

Growing pains for Alberta oil sands 06/11/2006
National Energy Board bets on C$94B in capital spending and 3-fold production increase by 2015, but sees mountain of challenges
Whether it's 3 million barrels per day as forecast by Canada's National Energy Board or 3.5 million bpd as predicted by the Canadian Association of Petroleum Producers, the outlook for oil sands produ...

WTI to average $65 in '06, $61 in '07 02/12/2006
EIA expects continued market tightness, high oil, natural gas prices for next 2 years; U.S. demand contracted 0.3 percent in 2005
The Department of Energy's Energy Information Administration expects many of the same global factors that drove oil markets in 2005 to continue to affect markets in 2006 and 2007. The agency said Feb....

EIA projects $63 WTI in '06, $60 in '07 01/15/2006
Henry Hub natural gas prices expected to grow from $9 per mcf in '05 to $9.80 per mcf in '06, and back down to $8.84 in '07
The U.S. Department of Energy's Energy Information Administration is projecting an average price of $63 per barrel for West Texas Intermediate crude oil in 2006, with the average price dropping to $60...

Platts: Big oil dominates global energy 12/11/2005
Platts survey shows dominance of big oil, with leaders amassing $1.9 trillion in 2004 revenues; Devon tops EandP independents
U.S.-based ExxonMobil, Chevron and ConocoPhillips and other large integrated oil and gas companies, feeding off the unprecedented rise in commodity prices, blew away the field in a Platts global surve...

Canadian oil output to rise 11.5% in '06 09/18/2005
New offshore Newfoundland production and ever-growing oil sands output will lift Canadian oil volumes by 11.5 percent by the end of 2006 to 2.9 million barrels per day, the National Energy Board predi...

EIA outlook expects $59 West Texas Intermediate average in 3rd quarter 08/14/2005
Agency: World oil market uncertainty high; natural gas prices to average $8.50 an mcf in 4th quarter
The U.S. Department of Energy's Energy Information Administration said in its latest short-term energy outlook, released Aug. 9, that West Texas Intermediate crude oil averaged $59 per barrel in July...

EIA: crude oil price up more than projected 07/17/2005
WTI expected to average $59 per barrel in third quarter, $6 higher than agency forecast in June, and up $15 from last year
The price of West Texas Intermediate crude oil averaged more than $56 a barrel in June and the U.S. Department of Energy's Energy Information Administration said July 12 that it is now projecting WTI...

EIA expects oil to stay above $40 09/12/2004
The Department of Energy's Energy Information Administration said Sept. 8 that, even though OPEC is producing at its highest level since OPEC began tracking quotas in 1982, growing world oil demand is...

Pondering a partnership 05/23/2004
Canadian independent wants to own as much of oil sands megaproject as possible; ready to delay completion dates to keep costs under control
Canadian Natural Resources remains undecided over whether to take on partners for its C$8.4 billion Horizon oil sands project in northern Alberta. The Canadian independent has "talked to a number of p...

Oil around $30 for two years, economists figure 02/15/2004
Federal economists expect crude prices to hold near $30 a barrel through the end of 2005, according to a report from the Energy Information Administration. Prices for West Texas Intermediate crude top...

Canada set to top 20,000 wells 11/02/2003
Industry expects to log its two busiest drilling years on record
Two industry organizations are counting on Canada logging its two busiest drilling years on record in 2003 and 2004, with the prospect of breaking the 20,000-well barrier this year. The Petroleum Ser...

Profits expected to drop on lower natural gas prices 10/05/2003
More oil-weighted independents had a slight edge on West Texas intermediate crude prices up from last year
Third-quarter earnings on average for the leading U.S.-based exploration and production independents are expected to slide nearly 11 percent from the second quarter, largely because of eroding natural...

Alberta reaps oil, gas windfall 09/07/2003
It's harvest time in Alberta - wheat, barley, canola ... and, the bumper crop of all, oil and natural gas. Awash in cash from robust crude and gas prices, Alberta Finance Minister Patricia Nelson said...

EIA outlook calls for oil prices to remain firm through at least autumn 08/10/2003
Average crude oil prices for July were little changed from June, and the U.S. Department of Energy's Energy Information Administration said Aug. 6 in its short-term energy outlook that it expects pric...

Oilfield service sector's earnings lag 04/20/2003
Earnings expected to be flat to down as service companies await windfall from surging exploration and production profits
A huge chasm has opened between U.S.-based oilfield service companies and the exploration and production spending on which they depend, according to projected 2003 first quarter earnings for both grou...

Alberta makes soft price forecasts 04/20/2003
Natural resource revenues are projected to account for 22% of total revenues in 2003
The Alberta government has taken its customary cautious stance in forecasting oil and natural gas prices for the 2003-04 fiscal year. In releasing its budget April 8, the province based its revenue pr...

EIA expects tight oil markets through rest of year, $30-plus prices 02/16/2003
The U.S. Department of Energy's Energy Information Administration said Feb. 7 that it expects world oil markets to remain tight through most of 2003 as petroleum inventories and global spare productio...

Alaska key to first rise in U.S. crude output since 1991 01/26/2003
American Petroleum Institute reports 5% increase in Alaska production vs. 0.7% for all of U.S.; well completions down 25% for fourth quarter to 6,680
A laska led the way in boosting United States' crude output in 2002 - the first full-year rise in domestic production since 1991, the American Petroleum Institute said Jan. 15 in its Monthly Statistic...

EIA: OPEC production has reduced upward pressure on crude oil prices 11/17/2002
With normal winter temperatures costs of home heating will increase 25% with natural gas, 40% with heating oil 19% with propane, 11% with electricity
OPEC oil production has risen more quickly over the past three or four months than projected, reducing upward pressure on oil prices, the U.S. Department of Energy's Energy Information Administration...

EIA: Declining oil inventories, war worries, flat production quotas drive oil prices 10/20/2002
Federal agency expects U.S. natural gas prices to be higher this winter than last due to colder weather and recovering industrial economy
The Department of Energy's Energy Information Administration said Oct. 7 that continued high world oil prices are the result of declining commercial oil inventories in the major industrialized countri...

Prices could stay close to $30 a barrel this winter 09/15/2002
The U.S. Department of Energy's Energy Information Administration's latest short-term forecast, issued Sept. 6, says the agency expects to see crude prices stay on the high side. The EIA said "a modes...

EIA expects crude oil price to stabilize near current levels until spring 11/11/2001
Agency says natural gas prices will probably stay in $2-$3 Mcf range over same period, given normal weather, weak condition of U.S. industrial manufacturing sector
The precarious worldwide economic situation has generally dampened expectations for strong energy demand growth in the near future, the U.S. Department of Energy's Energy Information Administration sa...