The Latest Breaking News from EIA

Nat-Gas Prices Slide on Forecasts for Warm US Autumn Temps

November Nymex natural gas (NGX24 ) on Thursday closed down by -0.020 (-0.84%). Nov nat-gas prices on Thursday extended Wednesday's sharp decline to a new 1-month nearest-futures low. The outlook for above-normal US temperatures that will reduce heating demand for nat-gas is weighing on nat-gas prices. Forecaster Maxar Technologies said...

Barchart · Oct 17, 2024

Crude Slightly Higher on US Economic Strength and a Fall in Weekly EIA Crude Supplies

Nov WTI crude oil (CLX24 ) today is up +0.08 (+0.11%), and Nov RBOB gasoline (RBX24 ) is up +0.20 (+0.10%). Crude prices today are slightly higher on stronger-than-expect US economic news that supports economic growth and energy demand. Also, today's rally in the S&P 500 to a new record...

Barchart · Oct 17, 2024

Crude Closes Lower as Middle East Oil Supply Concerns Ease

Nov WTI crude oil (CLX24 ) Wednesday closed down -0.19 (-0.27%), and Nov RBOB gasoline (RBX24 ) closed up +0.26 (+0.13%). Crude oil and gasoline prices Wednesday settled mixed, with crude falling to a fresh 2-week low. Wednesday's rally in the dollar index (DXY00 ) to a 2-1/4 month high...

Barchart · Oct 16, 2024

Nat-Gas Prices Fall on Demand Concerns From Warm Fall Temps

November Nymex natural gas (NGX24 ) on Wednesday closed down by -0.073 (-2.67%). Nov nat-gas prices today extended this week's losses to a 2-1/2 week low and closed moderately lower. Forecasts for above-normal fall temperatures that curb nat-gas demand for heating are weighing on prices. NatGasWeather said Wednesday that "the...

Barchart · Oct 9, 2024

Crude Prices Weighed Down as Weekly EIA Supplies Jump

Nov WTI crude oil (CLX24 ) today is down -0.34 (-0.46%), and Nov RBOB gasoline (RBX24 ) is down -0.11 (-0.05%). Crude oil and gasoline prices today are moderately lower. Today's rally in the dollar index (DXY00 ) to a 1-3/4 month high is bearish for energy prices. Also, today's...

Barchart · Oct 9, 2024

EIA Expects US Natural Gas Production To Decline In 2024 Despite Soaring Demand

According to the Energy Information Administration, U.S. dry gas production is expected to decrease from last year's 103.8 billion cubic feet per day (bcfd) to 103.5 bcfd this year.

International Business Times · Oct 9, 2024

Crude Prices Sink as China Refrains from New Stimulus Measures

Nov WTI crude oil (CLX24 ) Tuesday closed down -3.57 (-4.63%), and Nov RBOB gasoline (RBX24 ) closed down -8.57 (-3.98%). Crude oil and gasoline prices Tuesday gave up an early advance and sold off sharply after China refrained from adding new stimulus measures. Also, an increase in Libyan crude...

Barchart · Oct 8, 2024

Nat-Gas Prices Rise on Smaller-Than-Expected EIA Stockpile Build

November Nymex natural gas (NGX24 ) on Thursday closed up by +0.084 (+2.91%). Nov nat-gas prices Thursday settled moderately higher after weekly EIA nat-gas stockpiles rose less than expected. EIA nat-gas inventories for the week ended September 27 rose +55 bcf, below expectations of +62 bcf. Nat-gas prices Wednesday posted...

Barchart · Oct 3, 2024

Crude Spikes to a 1-Month High on Possible Israeli Retaliation on Iranian Oil Facilities

Nov WTI crude oil (CLX24 ) today is up +2.68 (+3.82%), and Nov RBOB gasoline (RBX24 ) is up +7.77 (+3.91%). Crude oil and gasoline prices surged today to 1-month highs on concern Israel may target Iran's oil industry in retaliation for its missile attack on Israel. Crude prices also...

Barchart · Oct 3, 2024

Crude Prices Supported by Middle East Hostilities

Nov WTI crude oil (CLX24 ) Wednesday closed up +0.27 (+0.39%), and Nov RBOB gasoline (RBX24 ) closed up +1.93 (+0.98%). Crude oil and gasoline prices rose to 1-week highs on Wednesday and closed higher. Heightened Middle East tensions are supporting crude prices after Israel vowed to retaliate against Iran...

Barchart · Oct 2, 2024