Tag: EIA

Hedge funds bet oil will fall further

U.S. crude supplies rose by 10.1 million barrels to 397.9 million in the week ended Jan. 16 and the country will pump the most oil since 1972 this year.  More »

Crude, natural gas futures fall on storage report

Crude oil and natural gas futures fell on Thursday as traders grappled with inventory builds for both fuels.  More »

Oil continues plunge after OPEC forecasts weak demand

The oil cartel said in its monthly report that falling demand won’t stop the growing global supply glut.  More »

Natural gas draws larger than expected

The larger withdraw could lend at least some good news to a natural gas market struggling with a winter season opened with warm temperatures and huge natural gas production.  More »

U.S. benchmark oil briefly trades above international oil

Both crudes looked to settle lower on the day and to extend a run of steep losses.  More »

EIA: Brent will average $58 in 2015, $75 in 2016

The EIA also forecast low gasoline prices for the next few years..  More »

U.S. drivers start 2015 with cheapest gas in six years

Gasoline at the pump is at the lowest since April 2009, when prices were $2.0549 a gallon.  More »

Oklahoma to increase wind-generated power

Data from the U.S. Energy Information Administration says developers are planning to increase wind power capacity with projects primarily in Oklahoma, Illinois, Iowa, Minnesota and Texas.  More »

Nature defends natural gas story over EIA objections

A Nature article from early December questioning how long the North American natural gas boom could really last earned stinging letters this week from the EIA and University of Texas researchers.  More »

Lower price at the pump doesn’t mean much more driving, report says

But the relationship between prices and number of drivers used to be closer.  More »

WTI to average $63 a barrel next year, feds predict

The price for U.S. benchmark oil is $15 lower than in last month’s report.  More »

EIA: US production to increase 115K barrels in January

Next month’s total will be nearly 2,000 bpd more than December’s rise.  More »

Northeast natural gas prices still well above average despite warmer winter

The EIA says lower production and lack of pipeline capacity are to blame.  More »

EIA tool gives closer look at oil imports

U.S. oil imports have declined steadily over the past four years, as refiners replace foreign light, sweet crude with domestic supplies, according to the Energy Information Administration.  More »

Shale drillers keep output high despite oil price decline

Companies said they expect to pump more from their prime properties while cutting back in their least productive prospects.  More »
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