The Latest Breaking News from EIA

Coal stocks tracked by IBD have collectively gained nearly 40% in 2023 as global coal demand is set to hit another record in 2023.

November WTI crude oil (CLX23 ) on Thursday closed down -0.58 (-0.69%), and Nov RBOB gasoline (RBX23 ) closed down -4.51 (-2.04%). Nov WTI crude oil and gasoline prices Thursday gave up an early advance and closed moderately lower. Crude prices gave up an early rally Thursday as the dollar...

Surging crude oil prices and solid energy demand worldwide will likely incentivize operators to produce more oil and natural gas, creating growth opportunities for companies providing energy drilling services. So, let’s look at captivating energy stocks Patterson-UTI (PTEN), Helmerich & Payne (HP), and Precision Drilling (PDS), which investors have been…

The U.S. natural gas futures market is now weeks away from the start of the 2023/2024 peak season, where inventories decline as the demand for heating increases. Natural gas prices have moved higher, breaking out to the upside above technical resistance levels during the first week of October.

November Nymex natural gas (NGX23 ) on Friday closed +0.172 (+5.43%). Nat-gas prices on Friday rallied sharply for the second day and posted an 8-1/2 month nearest-futures high. Nat-gas surged on the outlook for colder U.S. temperatures that would boost heating demand for nat-gas. Forecaster Maxar Technologies said forecasts shifted...

November Nymex natural gas (NGX23 ) on Thursday closed +0.204 (+6.89%). Nat-gas prices on Thursday surged to an 8-1/2 month nearest-futures high and closed sharply higher on a smaller-than-expected gain in weekly EIA nat-gas inventories. EIA nat-gas inventories rose +86 bcf, below expectations of +94 bcf. Nat-gas also has support...

Higher oil prices and robust energy demand are primary drivers for sustained growth in domestic oil production this year, propelling the demand for energy services. Hence, it could be wise to buy fundamentally solid energy stocks NOW (DNOW), MRC Global (MRC), and Solaris Oilfield (SOI) this week for potential gains.…

November WTI crude oil (CLX23 ) on Wednesday closed down -5.01 (-5.61%), and Nov RBOB gasoline (RBX23 ) closed down -16.21 (-6.87%). Nov WTI crude oil and gasoline prices on Wednesday sold off sharply, with crude falling to a 5-week low and gasoline tumbling to a 9-1/2 month low. Wednesday's...

November Nymex natural gas (NGX23 ) on Wednesday closed +0.013 (+0.44%). Nat-gas prices on Wednesday extended Tuesday's sharp gains and posted an 8-1/2 month nearest-futures high on the outlook for colder U.S. temperatures to boost heating demand for nat-gas. Forecaster Maxar Technologies said forecasts shifted cooler for the eastern U.S....