The Latest Breaking News from EIA

Nat-Gas Prices Plunge on Above-Forecast Weekly EIA Inventories

September Nymex natural gas (NGU23 ) on Thursday closed -0.196 (-6.62%). Nat-gas prices Thursday plunged after weekly EIA nat-gas supplies rose more than expected. Also, a cooler U.S. weather forecast weighed on nat-gas prices as the cooler temperatures will curb nat-gas demand from electricity providers to power air conditioning. EIA...

Barchart · Aug 10, 2023

Crude Rallies on Concern about Disruptions to Russian Crude Exports

September WTI crude oil (CLU23 ) on Wednesday closed up +1.48 (+1.78%), and Sep RBOB gasoline (RBU23 ) closed up +8.33 (+2.93%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to an 8-3/4 month high and gasoline rising to a 2-week high. Oil prices rallied on...

Barchart · Aug 9, 2023

Nat-Gas Prices Soar on U.S. Heat and Global Supply Concerns

September Nymex natural gas (NGU23 ) on Wednesday closed +0.182 (+6.55%). Nat-gas prices Wednesday extended this week's sharp rally to a 5-1/2 month high on the outlook for excessive heat in the U.S. to boost nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said near-record heat...

Barchart · Aug 9, 2023

Nat-Gas Prices Weighed Down by Forecasts for Cooler U.S. Weather

September Nymex natural gas (NGU23 ) on Wednesday closed -0.083 (-3.24%). Nat-gas prices Wednesday extended Tuesday's losses to a 6-week low and settled moderately lower. Gas prices are under pressure on the outlook for cooler weather in the Midwest and East Coast, which would reduce nat-gas demand from electricity providers...

Barchart · Aug 2, 2023

Crude Prices Sink with Stocks on Risk-Off Sentiment in Asset Markets

September WTI crude oil (CLU23 ) this morning is down -1.76 (-2.16%), and Sep RBOB gasoline (RBU23 ) is down -8.31 (-2.89%). Crude oil and gasoline prices this morning are moderately lower. Crude prices fell back from a 3-1/2 month high and turned lower after a stock sell-off sparked a...

Barchart · Aug 2, 2023

How much oil is produced in the US?

Since 2018, the US has been the largest producer of crude oil in the world.

USAFacts · Aug 1, 2023

Crude Prices Close Lower on a Risk-Off Tone in Asset Markets

September WTI crude oil (CLU23 ) on Tuesday closed down -0.43 (-0.53%), and Sep RBOB gasoline (RBU23 ) closed down -2.25 (-0.78%). Crude oil and gasoline prices Tuesday settled moderately lower. Tuesday's rally in the dollar index to a 3-week high weighed on energy prices. Also, Tuesday's slide in stock...

Barchart · Aug 1, 2023

Nat-Gas Prices Tumble on Ample U.S. Supplies and Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Thursday closed -0.160 (-6.00%). Nat-gas prices Thursday sold off sharply to a 5-week low on a larger-than-expected build in weekly EIA inventories and forecasts for cooler U.S. temperatures next week, which will curb nat-gas demand from electricity providers to power air conditioning. The...

Barchart · Jul 27, 2023

Crude Settles Lower on a Smaller-Than-Expected Draw in Weekly EIA Supplies

September WTI crude oil (CLU23 ) on Wednesday closed down -0.85 (-1.07%), and Sep RBOB gasoline (RBU23 ) closed up +4.39 (+1.57%). Crude oil and gasoline prices on Wednesday settled mixed. Crude prices are modestly lower after weekly EIA crude inventories fell less than expected. Also, the Fed's action Wednesday...

Barchart · Jul 26, 2023

Nat-Gas Prices Fall Back on the Outlook for Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Wednesday closed -0.065 (-2.38%). Nat-gas prices Wednesday fell moderately on the outlook for cooler temperatures to move into the U.S., curbing nat-gas demand from electricity providers to power air-conditioning. Forecaster Atmospheric G2 said cooler temperatures are expected to move into the Northeast beginning...

Barchart · Jul 26, 2023