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Tag Archives: EIA

Oil prices fall on unexpected rise in U.S. crude stocks

LONDON – Oil prices fell on Wednesday after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. Industry data released on Tuesday by the American Petroleum Institute (API) showed crude inventories at the Cushing, Oklahoma, hub rose 2.3 million barrels last week, compared with analyst expectations for ...

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California drivers pay dearly for refinery problems: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – California motorists are paying $1 per gallon more for gasoline than drivers in the rest of the country as problems at state refineries leave the state fuel market unusually tight. The average price of gasoline sold in the state was $3.95 per gallon on Monday, ...

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Opinion: A Gold Rush forecast but no gold

pump jack

In 2011, the federal Energy Information Administration produced a report that seemed to indicate that in California the year 1849 was about to come around again. Another Gold Rush might be on its way. The agency estimated there were 15.4 billion barrels of potentially recoverable oil in California’s Monterey Formation, and that triggered Gold Rush-like activity. Oil companies began buying ...

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Propane exports are on the rise

natural gas

Since 2011, exports of propane from the U.S. have been on the rise at a record setting pace. According to the U.S. Energy Information Administration (EIA), in April 2015, exports averaged 636,000 barrels per day, which surpassed levels from April 2014. As reported by the EIA, “U.S. propane production and exports were 190,000 b/d and 201,000 b/d higher, respectively, in ...

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US oil production could hit 45-year high

On Tuesday the Energy Information Administration (EIA) released its production forecast through the year’s end and it looks like the United States will have the most productive year for crude in over four decades. As reported by The Hill, the EIA forecast put the average U.S. crude production figures for the year at an average of 9.5 million barrels per ...

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U.S. crude oil stockpiles rise for first time since April

NEW YORK – U.S. crude oil inventories rose last week for the first time since April, while gasoline stocks decreased unexpectedly, data from the Energy Information Administration (EIA) showed on Wednesday. Crude inventories rose 2.4 million barrels to 465.4 million in the week to June 26, compared with analysts’ expectations for a decrease of 2 million barrels. U.S. crude imports ...

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Oil prices around $60 as demand balances glut

LONDON – Crude oil prices steadied on Thursday as strong demand for oil products helped to balance a global overhang of crude oil for immediate delivery. North Sea Brent crude oil traded within a fairly narrow range as investors eyed a weak physical crude market in the Atlantic basin amid reports of stronger demand for gasoline and diesel in the ...

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Dollar surge pushes oil lower, European data provides some support

Declining Oil Prices

LONDON – Oil prices fell on Tuesday, hit by a stronger dollar, although improving European economic data and optimism that Greece will strike a deal with its creditors prevented further weakness. A global surplus of oil continues to put downward pressure on crude prices but expectations that American Petroleum Institute data later in the day will show a weekly drawdown ...

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U.S. industrial natural gas usage falls unexpectedly

  U.S. manufacturers have not soaked up as much excess shale gas in the first half of 2015 as expected, but the shortfall may be an anomaly as a Gulf Coast manufacturing boom is poised to insulate the sector from seasonal demand fluctuations. Average industrial demand for gas in 2015 was expected to increase nearly 4 percent over 2014, according ...

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EIA releases interactive energy data widgets

Researchers, journalists, students and Bloggers now have an easy access to visual components available to embed into webpages thanks to a widget the U.S. Energy Information Administration released today. Pulling its information from the EIA’s application programming interface, users can embed maps, line charts, pie charts and bar graphs, all of which will configure to ensure information is always up-to-date. ...

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