EIA

IEA: High oil prices "taking a toll" on demand

By Nick Cunningham | May 17, 2018

Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.

The EIA last Christmas

By Phil Flynn | December 19, 2017

Last Christmas, you said shale would jumpstart, but very soon after, it all fell apart, this year you say no more tears, you say that shale will be special. Last Christmas you said production would rise it did but fell far short of your prize. This year, you say have no fear, we will hit a new high threshold.

Crude: All fracked up

By Phil Flynn | December 1, 2017

Oil prices are responding positively to an extension of the current OPEC/Non-OPEC production deal, especially because Nigeria and Libya agreed to cap production, but a monthly report by the Energy Information Administration (EIA) on U.S. production rising over 3% to 9.48 million barrels a day seemed to put a bit of a wet blanket on the markets' enthusiasm. Not to mention a million barrels of hedged shale oil output.

Down the shale hole

By Phil Flynn | October 12, 2017

While OPEC and The Energy Information Administration raising its outlook for demand and lowers its projection for global Non-OPEC production, The International Energy Agency (IEA) releases a report that shows that tries to talk down demand next year admit they underestimated demand this year.

Crude: Full tank

By Phil Flynn | October 4, 2017

Gasoline versus oil supply is one reason the petroleum markets are struggling. A full gasoline tank, as far as supply goes, is overshadowing the big crude oil supply draw.

Oil bull market

By Phil Flynn | September 26, 2017

Oil is officially back in a bull market even as a rising dollar is causing some profit taking early.

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