U.S. Energy Information Administration

Oil Barrels

Crude Price Slumps 2% Following Large Supply Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.3 million barrels last week, maintaining a total U.S. commercial ...
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fracking

Rig Count Steady, Hedge Funds Dump Short Contracts on 63 Million Barrels

In the week ended August 26, the number of rigs drilling for oil in the United States totaled 406, unchanged compared with the prior week, and down from a total ...
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Blue Flame

Natural Gas Price Dips on Small Inventory Injection

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 11 billion cubic feet for the week ending August 19. Analysts were expecting a ...
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Oil Barrels

Rising Crude Oil Inventory Stifles Prices After Volatile Week

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.5 million barrels last week, maintaining a total U.S. commercial ...
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fracking

Rig Count Rises by 10, Huge Short Covering in Crude Market

In the week ended August 19, the number of rigs drilling for oil in the United States totaled 406, up by 10 compared with the prior week but down from a ...
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ThinkstockPhotos-488849483

Natural Gas Price Ticks Up on Smaller Inventory Addition

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 22 billion cubic feet for the week ending August 12. Analysts surveyed by Reuters ...
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Oil Barrels

Crude Oil, Gasoline Inventories Dip, but Traders Remain Cautious

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.5 million barrels last week, maintaining a total U.S. commercial ...
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Oil Barrels

Oil Players See Very Mixed Results After Weekly Oil and Gasoline Inventories

On Wednesday the OPEC oil market report gave its forecasts for oil demand and supply trends. Now we have the Energy Information Administration (EIA) weekly crude oil and gasoline inventories. These ...
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oil tanks

EIA Outlook: New Forecast Shows Higher US Crude Production, Lower Pump Prices Ahead

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short Term Energy Outlook (STEO). The agency lowered its average summer driving season price for a ...
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Oil rig

Fracking Makes Big Comeback as Drilling Rises

For the first time in a year, the number of rigs drilling for oil has risen for six straight weeks. Coincidentally, last year's increase occurred in July and August as ...
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ThinkstockPhotos-488849483

Natural Gas Price Rises Following Unusual Storage Withdrawal

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 6 billion cubic feet for the week ending July 29. Analysts surveyed by Reuters ...
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Oil Barrels

Crude Oil Price Plunges, Then Bounces on Storage Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.4 million barrels last week, maintaining a total U.S. commercial ...
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ThinkstockPhotos-488849483

Natural Gas Price Jumps Following Low Inventory Build

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 17 billion cubic feet for the week ending July 22. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Plunges on Surprise Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.7 million barrels last week, maintaining a total U.S. commercial ...
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fracking

Oil Rig Count Up by 14 Last Week, Hedge Funds Thinking Short Again

In the week ended July 22, the number of rigs drilling for oil in the United States totaled 371, up by 14 compared with the prior week and a total ...
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