Tag: Energy Information Administration

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 »

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 »

Hedge funds are losing faith in oil rally while inventory swells

Oil producers are spending less, idling rigs and delaying wells to stem output that the government predicts will reach a four-decade high this year.  More »

NYMEX group launches new contract aimed at crude hoarders

Producers and middlemen have stashed away record amounts of crude since prices began falling last summer, seeking to save today’s cheap crude for sale at a higher price later on.  More »

EIA: Gulf of Mexico production to continue increasing

By 2016, the Gulf will account for about 17 percent of total U.S. crude production.  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 »
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