The Latest Breaking News from EIA

Woolworths lodges plans to transform old Bunnings Belmont site

It was almost a German supermarket, now a new player is eyeing it off.

Newcastle Herald · Sep 18, 2024

Crude Prices Climb on US Economic Strength and Heightened Middle East Tensions

Oct WTI crude oil (CLV24 ) Tuesday closed up +1.10 (+1.57%), and Oct RBOB gasoline (RBV24 ) closed up +3.37 (+1.71%). Crude oil and gasoline prices Tuesday rallied to 2-week highs and settled moderately higher. Crude rallied Tuesday as stronger-than-expected US economic news showed economic strength that is bullish for...

Barchart · Sep 17, 2024

Nat-gas Prices Jump as Weekly EIA Inventories Climb Less Than Expected

October Nymex natural gas (NGV24 ) on Thursday closed up by +0.087 (+3.83%). Oct nat-gas prices Thursday jumped to a 3-week high on a lower-than-expected build in weekly EIA nat-gas supplies. The EIA reported Thursday that weekly nat-gas inventories rose +40 bcf, below expectations of +48 bcf. Nat-gas prices also...

Barchart · Sep 12, 2024

Crude Closes Sharply Lower on Global Energy Demand Concerns

Oct WTI crude oil (CLV24 ) Tuesday closed down -2.96 (-4.31%), and Oct RBOB gasoline (RBV24 ) closed down -5.04 (-2.62%). Crude oil and gasoline prices Tuesday sold off sharply, with crude falling to a 16-month nearest-futures low and gasoline dropping to a 3-1/2 year low. A stronger dollar on...

Barchart · Sep 10, 2024

US Electric Utilities Eye Additional Rate Hikes For 2024

Since 2023, regulators have approved 58% of the rate increase requests amounting to a total rate of $12.7 billion, based on the latest figures by the Regulatory Research Associates (RRA), which is part of S&P Global Commodity Insights.

International Business Times · Sep 10, 2024

Heat Pumps Are Key To Home Electrification -- But Will Americans Buy In?

On a hot summer day, contractors snake wiring through the basement of a townhouse in southeast Washington to install a heat pump, a key component of the United States' multi-billion dollar push towards greater home electrification.

International Business Times · Sep 7, 2024

Nat-Gas Prices Climb as Elevated EIA Inventories Begin to Ease

October Nymex natural gas (NGV24 ) on Friday closed up by +0.021 (+0.93%). Oct nat-gas prices Friday extended Thursday's rally and posted a new 2-week high. Signs that elevated US nat-gas storage levels are being whittled down gave prices a boost after Thursday's weekly nat-gas supplies rose +13 bcf, weaker...

Barchart · Sep 6, 2024

Crude and Gasoline Prices Pressured by Stagnant Energy Demand

Oct WTI crude oil (CLV24 ) Thursday closed down -0.05 (-0.07%), and Oct RBOB gasoline (RBV24 ) closed down -3.60 (-1.84%). Crude oil and gasoline prices settled lower on Thursday, with crude posting an 8-3/4 month nearest-futures low and gasoline falling to a 2-3/4 year nearest-futures low. Energy demand concerns...

Barchart · Sep 5, 2024

Nat-Gas Prices Soar as Weekly EIA Inventories Rise Less Than Expected

October Nymex natural gas (NGV24 ) on Thursday closed up by +0.109 (+5.08%). Oct nat-gas prices Thursday soared to a 2-week high and settled sharply higher after weekly nat-gas supplies rose less than expected. The EIA reported that nat- gas inventories rose +13 bcf, weaker than expectations of +27 bcf...

Barchart · Sep 5, 2024

Crude Prices Gain as OPEC+ Delays Crude Production Increases

Oct WTI crude oil (CLV24 ) today is up +0.43 (+0.62%), and Oct RBOB gasoline (RBV24 ) is down -3.07 (-1.56%). Crude oil and gasoline prices today are mixed, with gasoline falling to a 2-3/4 year nearest-futures low. Today's decline in the dollar index is bullish for energy prices. Short-covering...

Barchart · Sep 5, 2024