Tag: EIA

Shale boom to start busting as U.S. output set to fall

The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact.  More »

U.S. households to save $700 this year on gasoline

Oil companies may be taking a beating amid a global crude collapse, but U.S. drivers are saving big on gasoline, pocketing enough cash at the pump this year to buy a robot vacuum, a cheap refrigerator or the latest iPad.  More »

The U.S. is still the world’s biggest hydrocarbon producer

The gap between the U.S. and its next two closest rivals has expanded in dramatic fashion since 2011.  More »

EIA: Lifting Iran sanctions could send oil prices down as much as $15

The high end of the Energy Information Administration’s prediction would bring 2016 Brent crude from $75 per barrel to about $60 per barrel, or just a few dollars above Tuesday’s ending price of $59.10.  More »

U.S. refiners can bulk up to consume more domestic oil

A new report from the Energy Information Administration suggests refiners can — and will — invest in new equipment to process the light oil flowing out of U.S. wells today, but a debate over crude exports could undermine some of those plans.  More »

Oil rallies on Fed news despite higher supplies

Analysts have worried that prices could move lower as the hub approaches its capacity of roughly 71 million barrels.  More »

Oil production falling in three big shale plays, EIA says

Crude production at three major U.S. shale oil fields is projected to fall this month for the first time in six years, the U.S. Energy Information Administration said Tuesday.  More »

U.S. crude stores up by 4.5 million barrels

The Energy Information Administration said Wednesday crude inventories jumped to 448.9 million barrels for the week ending March 6. Analysts, according to data compiled by Bloomberg, had anticipated an increase in stores of 4.75 million barrels.  More »

Low natural gas prices aren’t reaching consumers

The benchmark futures price for natural gas, set at Louisiana’s Henry Hub, has fallen from more than $4 at the end of last year to under $3 currently.  More »

Crude inventories at their highest level in decades after another build

Total crude oil inventories now stand at 444.4 million barrels, a modern-era high.  More »

Crude exports in spotlight as House leaders urge slow approach

House Energy and Commerce Committee leaders took pains to stress they will move carefully as they consider whether to loosen the nation’s 40-year-old ban on crude exports.  More »

Natural gas futures fall despite frigid temperatures

Not even powerful cold could save natural gas prices.  More »

EIA: U.S. crude inventories grow again

The inventory report included a number of figures that have worried analysts in the past.  More »

Natural gas inventories rise above five-year average levels

Strong production and a milder winter have had inventories slowly recovering back toward more normal levels.  More »

Crude stores rise again

Commercial stores of crude oil grew by 7.7 million barrels to 425.6 million barrels, the highest level recorded in EIA data stretching back to 1982  More »
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