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Energy Information Administration

A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

EIA revises Oklahoma oil production up 100,000 barrels a day

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The EIA said Friday it has revised its estimate of Oklahoma oil production up by 100,000 barrels a day.
Wind turbines manufactured by Gamesa Corp. stand at the Bharat Light & Power Ltd. Amberi wind farms in Rewalkawadi, Maharashtra, India, on Tuesday, Sept. 9, 2014. Prime Minister Narendra Modi's government in July restored a wind-farm tax benefit, which could propel wind installations to a three-year high of 2,600 megawatts in 2014, according to Bloomberg New Energy Finance. Photographer: Dhiraj Singh/Bloomberg

Renewable energy forecast to grow 9 percent in 2016

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On a percentage basis the largest gains are expected to come in solar energy, which is anticipated to grow 28 percent.
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Among most big U.S. cities, Houston had the cheapest gasoline for nearly all of 2015

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The EIA said that Houston had the cheapest gasoline of the cities it tracked in 47 out of 52 weeks.
The Dallas Fed estimates the U.S. has lost 70,000 oil jobs during the 14-month price slump.

Dallas Fed says U.S. has lost 70,000 oil jobs in the past year

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The Dallas Fed also says in a new report that the nine oil industry bankruptcies in the final three months of the year are the most in one quarter since the Great Recession.
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

U.S. crude inventory build sends oil prices down

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The U.S. Energy Information Administration said domestic oil tanks last week took in an additional 4.8 million barrels of crude, boosting inventories to 490.7 million barrels. That’s the largest amount of oil the nation has had in reserve since a record-setting supply bulge in April.
Nomac Drilling Corp. derrick man Justin Spruell, right, climbs down from an overhead platform after connecting a section of drill pipe on a Chesapeake Energy Corp. natural gas drill site in Bradford County, Pennsylvania, U.S., on Tuesday, April 6, 2010.  (Daniel Acker/Bloomberg)

EIA ups world total for recoverable shale oil

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The EIA’s new estimates added billions of barrels to the worldwide total of shale oil reserves.
(Photo by Andrew Burton/Getty Images)

Bullish inventory report can’t save natural gas

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Thursday’s slide came despite a report from the U.S. Energy Information Administration that showed U.S. stocks of natural gas falling by 76 billion cubic feet, about 10 billion cubic feet more than most analysts had expected.
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Oil falls despite U.S. crude inventory decline

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Oil prices jumped after U.S. data showed the nation’s stockpile of crude shrank by 3.6 million barrels.

EIA: U.S. crude production slows again in November

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The latest release of federal data now puts total U.S. crude production at 9.17 million barrels per day, a fall of 410,000 bpd since peaking in April.
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Oil prices dip as crude stockpiles jump

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The news put pressure on oil prices that had risen early in the week.