In mid-January, a massive winter storm swept across the United States, dropping temperatures in Central Texas into the low 20s and causing Texans to huddle indoors with their heaters running full ...

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. The EIA report includes crucial refinery utilization data, providing deeper insights ...

U.S. oil production reached a record high of 13.053 million b/d in August, but this figure is overstated due to changes in methodology. The adjustment to U.S. oil production has become consistently ...

Economic developments will continue to impact energy markets, according to the Energy Information Administration’s May Short-Term Energy Outlook. Those developments are expected to lower crude prices, ...

The EIA's weekly and monthly data on U.S. gasoline demand have shown significant discrepancies, with the monthly data indicating higher consumption than the weekly figures. The conflicting data has ...

In the April issue Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) revised the 2022 global liquid fuels consumption data in its International Energy Statistics, ...

Global oil inventories are expected to rise through 2026, putting downward pressure on prices. China’s stockpiling has helped limit price declines, even as global supply increases. US crude oil ...