Energy Information Administration News

US Oil Prices Surge Over 1% Following Significant Drop in Crude Inventories

Crude oil prices rose over 1% after a report showed a significant drop in US inventories and President-elect Trump's pledge to reverse the offshore drilling ban, impacting market d...

US Natural Gas Inventories Experience Significant Drop: A 116 Bcf Decrease Reported

The Energy Information Administration reports a 116 Bcf decrease in US natural gas inventories for the week ending December 27, with a total of 3,413 Bcf. Annual figures show a 67 ...

US Crude Oil Inventories Witness a Significant Drop of 4.2 Million Barrels

The Energy Information Administration (EIA) reported a 4.2 million barrel drop in US commercial crude oil inventories for the week ending December 20, alongside increased refinery ...

US Natural Gas Stockpiles Drop Significantly, EIA Reports

The EIA reports a significant drop in US natural gas inventories, decreasing by 190 billion cubic feet. Current stockpiles are 165 billion cubic feet above the five-year average.