The Latest Breaking News from EIA

Crude Prices Fall as Fed Rate Hike Fears Spark Risk Aversion

August WTI crude oil (CLQ23 ) this morning is down -0.76 (-1.06%), and Aug RBOB gasoline (RBQ23 ) is down -0.77 (-0.31%). Crude oil and gasoline prices this morning gave up early gains and are moderately lower, with crude falling from a 2-week high. A rally in the dollar index...

Barchart · Jul 6, 2023

Crude Settles Higher as Saudi Arabia and Russia Cut Production

August WTI crude oil (CLQ23 ) on Wednesday closed up +2.00 (+2.87%), and Aug RBOB gasoline (RBQ23 ) closed up +5.59 (+2.27%). Crude oil and gasoline prices Wednesday rallied to 1-week highs and closed sharply higher. The outlook for tighter global crude supplies is pushing prices higher after Saudi Arabia...

Barchart · Jul 5, 2023

Nat-Gas Prices Under Pressure on the Outlook for Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Wednesday closed -0.052 (-1.92%). Nat-gas prices Wednesday closed moderately lower on the outlook for cooler U.S. temperatures, which will crimp nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said below-normal temperatures are expected in the upper Midwest and Great...

Barchart · Jul 5, 2023

Crude Oil Prices See Continued Support from EIA Drawdown

August WTI crude oil (CLQ23 ) today is unchanged, and Aug RBOB gasoline (RBQ23 ) is down -0.16%. Crude oil prices today are seeing carry-over support from Wednesday's sharp -9.6 million bbl decline in EIA weekly crude oil inventories, which led to a +2.75% rally in Aug crude oil prices...

Barchart · Jun 29, 2023

Crude Oil Prices Rally on Bullish EIA Report

August WTI crude oil (CLQ23 ) is up +1.57 (+2.32%), and Aug RBOB gasoline (RBQ23 ) is up +0.0593 (+2.45%). Crude oil prices today rallied on a bullish weekly EIA report. The EIA reported that U.S. crude oil inventories fell sharply by -9.603 million bbl in the week ended June...

Barchart · Jun 28, 2023

Should You Add These 3 Energy Stocks to Your Portfolio?

With production cuts and robust oil demand expected to push oil prices upward, should you add energy stocks Shell plc (SHEL), ARC Resources (AETUF), and Scorpio Tankers (STNG) to your portfolio? Read on to know more….

StockNews.com · Jun 26, 2023

Wind and solar power overtakes coal for the first time ever in the US

Wind and solar power produced a combined 252 terawatt-hours in the first five months of 2023, compared with coal's output of 249 TWh

LiveScience · Jun 26, 2023

Nat-Gas Prices Rally to New 1-month High

July Nymex natural gas (NGN23 ) on Friday rallied sharply to a new 1-month high and closed the day up +0.121 (+4.64%). Hot weather continues to be the main bullish factor for nat-gas prices, with the scorching weather in Texas expected to last into next week. Utilities in Texas are...

Barchart · Jun 23, 2023

Crude Oil Prices Continue Lower on Economic Gloom

August WTI crude oil (CLQ23 ) Friday closed down -0.35 (-0.50%), and Aug RBOB gasoline (RBQ23 ) closed down -3.49 (-1.41%). Crude oil and gasoline prices Friday extended Thursday's sell-off on economic gloom driven by the weak U.S. and Eurozone purchasing manager reports. The preliminary-June S&P U.S. PMI fell by...

Barchart · Jun 23, 2023

Crude Oil Prices Continue to Fall on Economic Gloom

August WTI crude oil (CLQ23 ) today is down -1.05 (-1.51%), and Aug RBOB gasoline (RBQ23 ) is down -0.533 (-2.16%). Crude oil and gasoline prices today have extended Thursday's sell-off on economic gloom driven by today's weak U.S. and Eurozone purchasing manager index reports. The preliminary-June S&P U.S. PMI...

Barchart · Jun 23, 2023