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Energy Information Administration

The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

How much oil does Texas really produce? The EIA now says it has a better way to count

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The goal is to arrive at data that can better track how Texas’ production is responding to the volatile price swings on the crude oil markets, said Gary Long, a petroleum engineer at the EIA who works on production data.
Supporters of a successful effort in 2012 to renationalize Argentina's largest oil company, YPF, wave flags. (AP Photo/Natacha Pisarenko)

Argentina, China ripe for more shale development, EIA says

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Outside of North America, Argentina and China are the only two nations that are producing commercial quantities of natural gas trapped in deep-seated shale formations, and they both have the capacity to grow their output substantially, the U.S. Energy Information Administration said in a report Friday.
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.
Ernest Moniz Sec. of Energy United States during the IHS Energy CERAWeek Wednesday April 22, 2015 at the Hilton Americas-Houston. (Billy Smith II / Houston Chronicle)

Moniz says Strategic Petroleum Reserve could be tapped to control price shocks

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Moniz said rising U.S. crude production gives the nation more flexibility in how it uses the reserve, created four decades ago in response to supply shortfalls caused by the Arab oil embargo. The four underground salt caverns can hold more than 700 million barrels of oil.
(Spencer Platt/Getty Images)

U.S. shale production set to fall again in July, EIA says

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Daily oil production at the nation’s six biggest shale plays is set to slip by 91,000 barrels from June to July, the Energy Information Administration says.
(ALEXANDER KLEIN/AFP/Getty Images

OPEC oil production hits ceiling amid Saudi push, analysts say

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OPEC seems to have reached technical problems pushing its oil production beyond what appears to be a natural ceiling, as its crude exports fell an average 850,000 barrels in May despite a surge of Saudi oil.
(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.
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)

Crude oil prices rise again after U.S. inventories continue to dip

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U.S. crude inventories declined by 2.2 million barrels from the week prior, which had seen a dip of nearly 4 million barrels. U.S. refinery inputs last week also decreased an average of 379,000 barrels a day from the previous week, according to the U.S. Energy Information Administration update. Refineries operated at more than 91 percent capacity last week.
(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.