U.S. Energy Information Administration
U.S. Energy Information Administration Articles
The U.S. Energy Information Administration drilling productivity report forecasts March shale oil production to rise by 110,000 barrels a day with new wells added 657 barrels a day to the total.
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A withdrawal of 119 billion cubic feet from the U.S. natural gas stockpile was near the high end of a consensus estimate and had little impact on the already-low price.
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The U.S. Energy Information Administration reported Wednesday that stockpiles of crude oil, gasoline, and distillates like diesel fuel and heating oil rose sharply last week.
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The number of rigs drilling for oil in the United States rose by 6 this week, on top of a gain of 12 in the previous week. Prices are showing the effects.
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U.S. natural gas stockpiles fell less than expected last week, pushing prices of gas for March delivery down to the mid-$2.80s range. That's about $0.30 lower than just a few weeks ago.
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U.S. commercial crude oil inventories increased by more than 6 million barrels last week as production continues to rise, more than offsetting increases in exports of both crude oil and refined...
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The weekly report on U.S. natural gas storage showed a larger-than-expected withdrawal last week. That has pushed prices up slightly on the NYMEX.
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Even though U.S. crude oil declined by a smaller-than-expected amount, prices rose to more than $65 a barrel for WTI.
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The number of U.S. land-based rigs drilling for oil fell by 5 during the week, giving back half the rigs added in the prior week.
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The U.S. crude oil inventory dipped by nearly 7 million barrels last week, but gasoline inventories, crude oil production and both crude oil and refined product exports rose sharply.
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The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks decreased less than expected for the week ending January 12.
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U.S. crude oil production from seven major onshore shale plays is expected to rise 111,000 barrels a day month over month to a year-over-year increase of 1.8 million barrels a day.
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U.S. natural gas stockpiles posted their largest-ever weekly storage withdrawal last week as the nation responded to very cold temperatures along the east coast and into some parts of the South.
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U.S. commercial crude oil inventories dropped by nearly 5 million barrels last week, but gains in both gasoline and distillates nearly offset the drop.
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The U.S. crude oil stockpile fell again last week, but refineries were running at nearly 97% of capacity and stockpiles of gasoline, diesel, and heating oil soared.
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