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EIA

An oil pump jacks sits on a Osage County ranch in Oklahoma. (Mayra Beltran/Houston Chronicle)

Crude prices tank after oil supply added nearly 2 million barrels

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Crude oil prices opened lower and continued to fall in Wednesday trading, as the markets parsed new data showing the oversupply of crude isn’t about to evaporate.
Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

Oil prices hold steady as crude inventories trend down

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Crude oil prices swung briefly in both directions before returning to about even early Wednesday, after the latest weekly inventory showed refiners continuing to chip away at the massive amount of crude in storage.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

EIA: Oil layoffs aren’t finished yet

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The U.S. petroleum industry lost about 6.5 percent of its jobs from October to April, or about 35,000 of its 538,000 workers, the Energy Information Administration said Tuesday.
(Shane Bevel/Bloomberg News)

Crude oil inventories fall again, but production jumps

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U.S. commercial stores of crude oil fell by another 2.8 million barrels to a total of 479.4 million barrels for the week ending May 22, according to data collected by the U.S. Energy Information Administration.
(Carla Gottgens/Bloomberg)

EIA: Clean Power Plan could return CO2 emissions to 1980 levels

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The Clean Power Plan is intended to reduce emissions from power plants and its rules give states the option of pursuing several strategies to do so, according to the EIA.
(U.S. Energy Information Administration)

U.S. natural gas imports reach lowest level in 28 years

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Domestic natural gas production has hit record highs during the ongoing shale boom, and the low natural gas prices have played a role in replacing imports. Nearly 98 percent of natural gas imports came from Canada, but Canadian natural gas represented 7 percent of total U.S. natural gas consumption last year, which was down from 11 percent in 2009, according to the EIA.
U.S. refineries consumed 245,000 barrels per day more last week than the week before. (Jake Daniels/The Enterprise)

Oil inventories fall for third straight week, and crude price edges up

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Total inventories stood at 482.2 million barrels of oil for the week ending last Friday, down 2.7 million from the previous reporting period.

EIA: Gasoline still dominates, but other fuels have grabbed their biggest share of U.S. transportation in decades

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America’s transportation today is running on the largest share of non-petroleum energy since 1954, according to an analysis by the U.S. Energy Information Administration.
(Photo by Andrew Burton/Getty Images)

Texas has the nation’s No. 1 oil field

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Texas has shown a significantly stronger presence in the EIA’s top 10 than it did in the agency’s last report in 2009.
Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

U.S. oil inventories rise by almost 2 million barrels, but below expectations

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Crude oil inventories across the U.S. posted another build last week, but the pace at which crude tanks are filling remained much slower than in weeks past. The oil markets shot up.