In its latest short term energy outlook (STEO), which was released on November 12, the U.S. Energy Information Administration (EIA) increased its Brent price forecast for 2025 and 2026 but still projected that the commodity will drop next year compared to 2025.
The long-awaited approval gives the Texas Railroad Commission the ability to independently issue permits for Class VI wells, potentially allowing companies to more quickly move forward with carbon capture and storage projects.
Curious Minds Corner
What is the gas‑to‑oil ratio (GOR)?
The volume of gas produced per barrel of oil (scf/bbl) under standard conditions.