An improved economic outlook and lower crude prices drove the decision, but the agency warned that supply is still expected to outpace consumption.

Institutional oil market forecasts are agenda-driven; EIA's delayed surplus prediction is bullish for oil, despite market focus on bearish aspects. EIA's optimistic U.S. production growth may be ...

Jan 12 (Reuters) - Oil prices are likely to drift lower this year as a wave of supply creates a market surplus, although geopolitical risks tied to Russia, Venezuela and Iran will continue to drive ...

Mercy Health-St. Rita’s Medical Center donated surplus medical beds, bassinets and stretchers to the Medical Equipment and Supplies Abroad initiative, which will deliver the supplies to developing and ...

Institutional oil market forecasts are misaligned with on-the-ground fundamentals, with the EIA and IEA suppressing prices while OPEC inflates demand forecasts. The EIA's recent revisions indicate a ...

Standard Chartered: The latest selloff doesn’t mean the market is broken. Standard Chartered analysts say the market is “well-functioning” and the simple answer is a “sharp swing into surplus”.

LA GRANDE — It is a question that may never be fully answered. Still, it was one that people visiting the La Grande School District’s Annex building for a surplus supply sale on April 26 enjoyed ...