The Latest Breaking News from EIA

EIA projects record-high power consumption in the US by 2025, emphasizing sustainability and efficiency for a resilient energy future.

April WTI crude oil (CLJ24 ) Tuesday closed down -0.37 (-0.47%), and Apr RBOB gasoline (RBJ24 ) closed up +0.59 (+0.23%). Oil prices were undercut Tuesday after the U.S. DOE Energy Information Administration (EIA), in its Short-Term Energy Outlook, forecasted that U.S. crude oil production in 2024 will rise +2.0%...

The US maintains its position as the top global oil producer, showcasing resilience and efficiency in the industry.

Bill Ackman signaled that he may consider purchasing Bitcoin – his interest has since drawn comments from Bitcoin bulls such as Michael Saylor and Stacks co-creator Muneeb Ali.

Oil and gas demand is expected to recover this year amid fears of tight supplies arising out of geopolitical tensions and production cuts announced by OPEC+. The supply curbs on oil production may lead to an increase in energy prices worldwide. Given this backdrop, quality energy stocks Petróleo Brasileiro S.A.…

April Nymex natural gas (NGJ24 ) on Thursday closed -0.111 (-5.75%). Nat-gas prices on Thursday fell sharply on abundant U.S. nat-gas stockpiles. Thursday's weekly EIA nat-gas inventories fell -40 bcf, right on expectations. However, that was a much smaller draw than the five-year average for this time of year at...

April WTI crude oil (CLJ24 ) on Wednesday closed up +0.98 (+1.25%), and Apr RBOB gasoline (RBJ24 ) closed up +2.11 (+0.83%). Crude oil and gasoline prices posted moderate gains on Wednesday. The slump in the dollar index to a 1-month low Wednesday supported energy prices. Crude prices extended their...

April Nymex natural gas (NGJ24 ) on Wednesday closed -0.028 (-1.43%). Nat-gas prices on Wednesday closed moderately lower. The outlook for warmer U.S. weather that will reduce heating demand for nat-gas weighed on prices after Maxar Technologies on Wednesday said that forecasts have trended warmer in the central, southern, and...

April WTI crude oil (CLJ24 ) this morning is up +2.49 (+3.19%), and Apr RBOB gasoline (RBJ24 ) is up +5.10 (+2.01%). Crude oil and gasoline prices this morning are moderately higher. Today's decline in the dollar index (DXY00 ) to a 1-month low supports energy prices. Crude prices extended...

April WTI crude oil (CLJ24 ) on Tuesday closed down -0.59 (-0.75%), and Apr RBOB gasoline (RBJ24 ) closed down -5.29 (-2.05%). Crude oil and gasoline prices on Tuesday gave up an early advance and turned lower. Crude prices came under pressure after Tuesday's weaker-than-expected U.S. economic news on Jan...

Surging oil & natural gas demand and ample technological advancements continue to drive the energy sector’s growth and evolution. Amid this backdrop, fundamentally strong energy stocks TotalEnergies (TTE), Cheniere Energy (LNG), and ChampionX Corporation (CHX) might be ideal buys to accelerate one's portfolio. Read more….