Energy Information Administration

Oil traders were puzzled on Thursday, Jan. 31, after a shipment of 10,000 barrels of Russian oil entered the U.S., considering it’s banned. According to data from the Energy Information Administration (EIA), posted on X by Bloomberg’s commodities editor Javier Blas, the Russian shipment...

Oil prices fell on Wednesday after U.S. inventory data showed gasoline and distillate stocks grew strongly for a second week, while crude stocks also rose. In early afternoon trade, Nymex WTI, which had been more than 1% higher earlier, fell back to $72.30 a barrel to leave it flat on the day....

Oil prices overturned earlier gains to move lower on Thursday after a U.S. energy watchdog reported larger-than-expected rises in stockpiles of gasoline and other refined products. Brent crude was down 0.5% at $77.86 a barrel during afternoon trade in New York. Prices suffered a volatile day,...

Crude oil prices were trading under pressure on Wednesday after the COP28 climate summit ended with a historic agreement to shift away from fossil fuels and increase commitments to renewable energy sources. Nymex WTI, the U.S. benchmark crude futures contract, was trading flat at $68.72 a barrel in...

The energy markets continue to be trending toward volatility, according to a new July report from the U.S. Energy Information Administration. Despite this, the EIA report makes a few conclusions about the near-term future of energy markets. The EIA anticipates an increase in electricity sales and...

The Short Term Energy Outlook from the Department of Energy had good news for truckers in general and disappointing news for those companies and drivers that have seen demand for their services in the oil patch fall with the slide in the price of oil. The STEO as it's known is released by the...

The California Attorney General this week went after what it said was a scheme to inflate fuel prices in California, where prices at the pump are always significantly higher than the rest of the country. But from the perspective of a trucker paying those prices, there's one problem with the action...

This morning’s focus will be oil prices and expectations for more stimulus to come as lawmakers mull a $500 billion stimulus package. First, crude oil: the May contract that expires tomorrow traded below 14 this morning in a clear reflection of supply concerns and demand destruction. Last...

The wildest and most unpredictable earnings season many of us are likely to ever see starts today. It begins with markets moving higher as political leaders sound more optimistic about bending the virus curve and the first reporting companies strike a relatively positive tone. In a more typical...

Even as crude oil prices remain firmly entrenched in bear market territory, natural gas is spiking thanks to supply concerns and a colder-than-normal winter weather forecast. The Price Action At the time of writing Wednesday, natural gas futures for December delivery were jumping 10.27...

The black gold is falling along with most investment classes, with things turning sore in the final quarter of the year. At the time of writing Tuesday, the WTI grade crude oil was trading at $56.14, down 6.32 percent from the previous session. Rally Interrupted The most recent downtrend began Oct...

Oil prices continue trading near its 2017 lows but did bounce higher early Thursday morning. The price of U.S. crude futures gained around 25 cents a barrel to trade at $42.76, which still marks an approximate 20 percent decline since peaking in February. Here are two oil-related news reports of...

Tesla Inc (NASDAQ: TSLA) eclipsed General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) to become the largest auto company in the world this year in terms of market valuation. Tesla shares are up an incredible 72.3 percent in 2017, while GM and Ford shares are down 1.5 percent and 8.6...

Energy companies reported earnings in droves last week, and the results were fairly encouraging. Where did the strength lie? Higher oil prices vis-à-vis the year-ago quarter helped in part, while the prudence these companies have been exercising in conserving cash and reining in costs are...

Data released by the U.S. Energy Information Administration indicated impressive growth in PV installs through November 2016. Despite this, growth in U.S. solar installations may actually be cooling, Axiom's Gordon L. Johnson said in a report. According to PVInsights data for this week, average...