Tag: Energy Information Administration

World’s biggest oil trader says crude price can’t drop much more

Oil prices will range from $50 a barrel to $70 a barrel in the second half of this year, Ian Taylor, the firm’s chief executive officer, said in an interview.  More »

Crude prices rising after inventories show a slower gain

Futures traders bid up the price of U.S. crude after a government report showed a smaller-than-expected gain in inventories.  More »

Cheap crude won’t slow U.S. oil fields by much, EIA says

The EIA said low oil prices would only cut the nation’s daily production by 700,000 barrels from 2022’s projected 10.4 million barrels.  More »

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 »

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 »

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 »

U.S. crude production sets record in 2014

The shale boom in 2014 fueled the most dramatic rise in U.S. oil production since the government began keeping records more than a century ago.  More »

Yemen bombing spurs gains in almost all commodities as oil jumps

Saudi Arabia led a coalition of Sunni allies, including United Arab Emirates, Kuwait, Bahrain and Qatar, in air strikes in Yemen against Shiite rebels.  More »

Gain in crude inventories beats expectations again

The build brings the total amount of crude the U.S. has in storage to 466.7 million barrels, a record in weekly data stretching back to 1982.  More »

Natural gas withdraw withers as winter nears end

U.S. Energy Information Administration weekly data showed a withdraw of 45 billion cubic feet, bringing total inventories to 1.47 trillion cubic feet.  More »

Crude inventories offer enough supply for a month of refining runs

The U.S. has enough oil to feed 29 days of refinery demand, the highest level in decades, according to a new government report.  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 »

EIA: Electricity prices rose at fastest rate in six years in 2014

Residential electricity prices surged last year for residents in many of the country, but 2015′s rate hikes are expected to be less dramatic, according to a new analysis by the U.S. Energy Information Administration.  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 »

EIA: Eagle Ford production will slow in April

Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March.  More »
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