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Tag Archives: EIA

EIA to sharpen U.S. weekly oil numbers with real-time export data

NEW YORK – The U.S. Energy Information Administration has been granted access to real-time oil export information for the first time, allowing it to improve weekly estimates of fuel demand at a time of intensifying scrutiny of energy data. The change is likely to be welcomed by oil traders who routinely scrutinize the EIA’s reports for clues on what is ...

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Colorado Editorial Roundup

The Durango Herald, May 18, on cops, not soldiers: President Obama announced Monday that he is stopping the transfer of certain kinds of military gear to police forces across the county. It is the right move. Police officers and soldiers bear a superficial similarity – but neither they nor their jobs are the same. And the more that can be ...

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Nat gas prices are on the rise

natural gas prices rise

The U.S. Energy Information Administration shared today that U.S. natural gas stocks have increased by 111 billion cubic feet for the week ending on May 1 and that storage will see a small increase of about 125 billion cubic feet. As reported by 24/7 Wall St., “Natural gas futures for June delivery traded down about 1.1% in advance of the ...

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Oil extends gains after U.S. fuel stocks drop

LONDON – Brent crude oil rose above $67 a barrel towards five-month highs on Wednesday after U.S. crude stockpiles fell for a second straight week, suggesting the world’s biggest oil market is rebalancing. U.S. crude oil stocks fell by 2.2 million barrels to 484.84 million barrels last week, the Energy Information Administration (EIA) said. Stocks at the key delivery hub ...

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Company files for bankruptcy as production slows

Colorado’s oil and gas glut might soon taper off, The Denver Business Journal reports. For last few years, the state’s energy boom triggered a steep hike in oil and gas production, but cheap oil and waves of budget and workforce cuts may finally slow production. The U.S. Energy Information Administration expects Niobrara’s oil production to sustain a 16,000-barrel-per-day drop in ...

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EIA cuts 2015, 2016 U.S. crude oil production growth forecasts

NEW YORK – The U.S. government on Tuesday lowered its 2015 and 2016 crude oil production growth forecasts amid lower prices and fewer active drilling rigs. In its short term energy outlook, the U.S. Energy Information Administration lowered its 2015 crude oil production growth forecast to 530,000 barrels per day (bpd) from 550,000 bpd, while 2016 growth was seen at ...

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More oil trains rolling to East Coast refineries from the Bakken

Oil trains supplied a record share of the crude oil delivered to East Coast refineries in February, the federal government reported Monday. The U.S. Energy Information Administration (EIA) said 52 percent of crude oil to eastern refiners arrived by rail, the most since it began collecting data in 2010. Crude-by-rail is displacing imports on ships, which historically have supplied the ...

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Rising oil prices put U.S. driving recovery at risk: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – U.S. gasoline demand is running around 300,000 barrels per day above last year’s level, as lower pump prices and continued economic expansion encourage motorists to use their cars more. Estimates for gasoline supplied to U.S. customers published by the Energy Information Administration (EIA) show demand ...

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U.S. crude stocks build less than expected as Cushing draws – EIA

NEW YORK – U.S. crude inventories rose last week to hit a record high for the 16th straight week but the build was smaller than expected as supplies at the Cushing, Oklahoma, oil hub declined for the first time since November, data from the Energy Information Administration (EIA) showed on Wednesday. Crude stockpiles rose 1.9 million barrels to 490.91 million ...

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