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U.S. Energy Information Administration (EIA)

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EIA: Oil Prices Could Move Up as Global Tensions Threaten Crude Supply

Geopolitical tensions in the Middle East and ongoing risks that threaten global supply have experts questioning where oil prices will move next.

US Drew New No. 3 Record 326 Bcf From Storage in Winter Storm Heather

The draw wiped out nearly all the year-over-year excess natural gas in storage, according to U.S. Energy Information Administration data.

EIA Outlook Shows Energy Storage Capacity Doubling in 2024

U.S. energy storage capacity could expand to more than 30 gigawatts by year-end 2024, the EIA says.

US LNG: A Growing Market Presence

Rising hydrocarbon production has allowed the U.S. to join the world’s leading energy exporters. Robust natural gas production will allow it to stay there.

Low Demand, Falling Oil Prices Weigh on Thanksgiving Gasoline Costs

Tens of millions of Americans are expected to hit the roads this Thanksgiving. But they’ll be paying less at the pump than they did a year ago, according to Energy Information Administration figures.

EIA: October Crude Production May Surpass US Record Set in August

The Energy Information Administration also reported that gas production in the Lower 48 also set a record.

IEO: Energy Consumption, Emissions to Grow Through 2050

According to the Energy Information Administration’s 2023 International Energy Outlook, coal use will taper, natural gas will either stay flat or grow and the U.S. will remain a net oil exporter.

US Drillers Cut Oil and Gas Rigs for Third Quarter in a Row

The oil and gas rig count, an early indicator of future output, fell by seven to 623 in the week to Sept. 29. 

EIA Hikes Oil Price Forecast in Wake of OPEC Cuts

The extension of OPEC+ and Saudi Arabia production cuts are predicted to make oil and gasoline more expensive.

Middle Innings: Shale E&Ps’ Slow Struggle to Woo Back Investors

To attract capital back into the sector, the largest oil and gas companies are spending less on exploration and development and more on shareholder returns. How long can they keep the gravy train rolling in different commodity cycles?

US Drillers Cut Oil and Gas Rigs for Sixth Week in a Row: Baker Hughes

For the week ending Aug. 18, the oil and gas rig count fell by 12 to 642, the lowest since February 2022. 

US Drillers Cut Oil and Gas Rigs for Fifth Week in a Row: Baker Hughes

The oil and gas rig count dropped to 654, a decrease of 5 in the week ending Aug. 11. 

Forecast Shows Utilities Adding 35.2 GW of Capacity to Power Grids

The EIA forecasts solar to account for about 55% of the utility-scale capacity additions in the U.S. for the rest of this year.

Global Stocks Fall, Dollar Rallies on Weak China Data

Stocks fell and the dollar's value rose after the credit ratings of 10 banks of varying size were cut by Moody's. 

Oil Edges Up on Higher US Economic Growth Outlook; China Import Slump Weighs

Brent crude futures rose to $86.17 a barrel, while West Texas Intermediate crude rose to $82.92.