The Latest Breaking News from EIA

Crude Rallies as Risk-On Sentiment Outweighs an Unexpected Build in EIA Inventories

June WTI crude oil (CLM23 ) this morning is up +1.45 (+2.05%), and June RBOB gasoline (RBM23 ) is up +6.69 (+2.70%). June Nymex natural gas (NGM23) is down -0.024 (-1.01%). Crude oil and gasoline prices this morning are moderately higher, with gasoline climbing to a 2-week high. Today's main...

Barchart · May 17, 2023

Crude Closes Slightly Lower on Chinese Energy Demand Concerns

June WTI crude oil (CLM23 ) on Tuesday closed down -0.25 (-0.35%), and June RBOB gasoline (RBM23 ) closed up +0.71 (+0.29%). Crude oil and gasoline prices Tuesday settled mixed. A stronger dollar Tuesday weighed on crude prices. Also, weaker-than-expected Chinese economic news Tuesday suggested the Chinese economic recovery is...

Barchart · May 16, 2023

US imports of ‘blood teak’ from Myanmar continue despite sanctions

The harvesting of the luxury wood contributes to deforestation and profits from its sale support the country’s military regime

The Guardian - US · May 16, 2023

Crude Closes Higher as U.S. Plans to Refill SPR After Repairs

June WTI crude oil (CLM23 ) on Tuesday closed up +0.55 (+0.75%), and June RBOB gasoline (RBM23 ) closed up +1.83 (+0.74%). Crude oil and gasoline prices Tuesday recovered from early losses and rose to 1-week highs. Short covering emerged in crude after the Biden administration said Tuesday it was...

Barchart · May 9, 2023

Nat-Gas Prices Retreat as U.S. EIA Inventories Rise More Than Forecast

June Nymex natural gas (NGM23 ) on Thursday closed down -0.069 (-3.19%). Jun nat-gas Thursday fell to a 3-week low and closed moderately lower. A larger-than-expected build in weekly U.S. nat-gas supplies weighed on prices after the EIA reported U.S. nat-gas inventories rose +54 bcf last week, more than expectations...

Barchart · May 4, 2023

Crude Prices Weighed Down by Global Demand Concerns

June WTI crude oil (CLM23 ) this morning is down -0.15 (-0.22%), and June RBOB gasoline (RBM23 ) is down -0.08 (-0.03%). June Nymex natural gas (NGM23 ) is down -0.049 (-2.26%). Crude oil and gasoline prices this morning are modestly lower, with crude falling to a 5-month low and...

Barchart · May 4, 2023

Crude Prices Sharply Lower on Global Economic Concerns

June WTI crude oil (CLM23 ) on Wednesday closed down -3.06 (-4.27%), and June RBOB gasoline (RBM23 ) closed down -11.36 (-4.66%). Crude oil and gasoline prices Wednesday fell sharply for a second session, with crude posting a 5-week low and gasoline posting a 2-1/4 month low. Crude prices are...

Barchart · May 3, 2023

Nat-Gas Prices Fall on Warm U.S. Temps and Ample Supplies

June Nymex natural gas (NGM23 ) on Wednesday closed down -0.044 (-1.99%). Jun nat-gas on Wednesday tumbled to a 3-week low and closed moderately lower. A mild U.S. weather outlook that would curb heating demand for nat-gas is undercutting prices. Forecaster Atmospheric G2 said above-normal temperatures are expected across the...

Barchart · May 3, 2023

Crude Prices Sink on the Outlook for Weaker Global Energy Demand

June WTI crude oil (CLM23 ) this morning is down -2.87 (-4.01%), and June RBOB gasoline (RBM23 ) is down -10.73 (-4.41%). June Nymex natural gas (NGM23 ) is down -0.105 (-4.74%). Crude oil and gasoline prices this morning are falling sharply for a second session, with crude posting a...

Barchart · May 3, 2023

Crude Prices Close Sharply Lower on Global Energy Demand Concerns

June WTI crude oil (CLM23 ) on Tuesday closed down -4.00 (-5.29%), and June RBOB gasoline (RBM23 ) closed down -11.47 (-4.50%). Crude oil and gasoline prices Tuesday sold off sharply, with crude posting a 5-week low and gasoline posting a 6-week low. Crude prices are under pressure on concern...

Barchart · May 2, 2023