Tag: Energy Information Administration

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 oil flowing into Cushing, Oklahoma, worth billions

As oil prices have plummeted over the last several months, the U.S. Energy Information Administration said companies have stockpiled about 2.2 million barrels a week at Cushing.  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 »

U.S. rigs are being idled, but the oil boom is not ending

The industry has become better at blasting crude out of deep underground layers of rock, according to productivity data tracked by the EIA in the major shale prospects.  More »

Natural gas prices fall as withdraws stay low

Natural gas futures traded down Thursday morning as the weekly inventories report from the U.S. Energy Information Administration showed a weaker-than-expected withdraw for the third consecutive week.8.4 cents to $2.713  More »

Crude rally cut short as stores build

The new crude in storage brought overall levels to 413.1 million barrels, the highest level for this week in at least 80 years, according to the EIA.  More »

Oil’s next casualty: government budgets

Saudi Arabia, the world’s top producer of crude, will see the budget surplus it has enjoyed in the past turn into a deficit of 4.7 percent of gross domestic product this year.  More »

Oil slips as U.S. crude stockpiles surge most in 14 years

Inventories rose 10.1 million barrels in the week ended Jan. 16, the biggest gain since March 2001, according to the Energy Information Administration.  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 »

Stocks of crude oil rise across U.S. to new high

Crude inventories expanded by 5.4 million barrels to 387.8 million barrels, more than expected and the highest level recorded in January.  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 »
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