US Energy Information Administration news
Low liquidity and storage pushed WTI crude futures prices below zero
The EIA has reported on the factors which fed into the WTI crude oil futures prices dropping below zero.
Withdrawals from natural gas storage were lowest since 2015 – 2016
The US EIA has reported that withdrawals from natural gas storage this winter were at their lowest levels since 2015 – 2016.
Lowest US petroleum consumption in decades
The EIA has reported that COVID-19 mitigation efforts have resulted in the lowest US petroleum consumption in decades.
US total energy exports exceeded imports in 2019
The EIA has reported that total energy exports exceeded imports in 2019 for the first time in 67 years.
EIA publishes crude oil and refined products balances
The US EIA has published its Weekly Petroleum Status Report which provides crude oil and refined products balances for the US.
EIA outlines its weekly retail price reports
The EIA has released information about its two weekly reports which track retail prices for gasoline, diesel, and residential heating fuels.
EIA: US to return to being net importer of crude and petroleum products
The EIA has announced that it expects the US to return to being a net importer of crude oil and petroleum products as production declines.
European natural gas storage inventories at record levels
The EIA has reported that European natural gas storage inventories are at record-high levels at the end of winter.
EIA: OPEC shift will cause global inventory increases and lower prices
The EIA has reported that moves by OPEC to maintain its market share will cause global oil inventory increases and lower prices.
EIA predicts US biofuel production to slowly increase
The EIA has projected that US biofuel production will gently increase through 2050.