Tag: Energy Information Administration

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 »

Oil drops below $45; U.S. stockpiles may speed collapse

Goldman Sachs Group Inc. said crude needs to drop to $40 a barrel to “re-balance” the market, while Societe Generale SA also reduced its price forecasts.  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 »

Natural gas inventories fall as winter weather returns

Natural gas inventories fell more than expected for the week ending Jan. 2, as more normal winter weather returned to the U.S.  More »

Global crude pares loss after biggest drop since 2009

Crude slumped by 48 percent last year, the most since the 2008 financial crisis, as the U.S. pumped at the fastest pace in more than three decades and the Organization of Petroleum Exporting Countries decided to maintain its output ceiling.  More »

Oil extends drop as U.S. stockpiles seen rising

West Texas Intermediate for February delivery dropped $2.11, or 4.2 percent, to $47.93 a barrel.  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 »

Natural gas falls below $3 in latest slide

Natural gas’ benchmark future price fell below $3.00 per million British thermal unit in trading on Friday, continuing a slide that has knocked about 30 percent from the price of gas in only one month.  More »

Oil price slides again as crude inventories rise

Crude oil fell Wednesday after an unexpected build in crude oil inventories indicated a production slowdown may be further off than traders previously thought.  More »

Oil price crash sparks war of words

Oil powers from Iran to Ecuador have proposed different theories on who’s really to blame for plunging oil prices.  More »
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