Energy Department’s Energy Information Administration

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US Importing Less Venezuelan Crude

July 1st, 2008
US Importing Less Venezuelan Crude

U.S. imports of Venezuelan oil fell 11.7 percent during the first four months of the year compared to the same period last year, according to the Energy Department’s Energy Information Administration.
Analysts think the decline is partly due to stagnating Venezuelan oil production and overall lower crude imports by the U.S.

Natural Gas Supplies Rise

June 27th, 2008
Natural Gas Supplies Rise

The Energy Department’s Energy Information Administration said in its weekly report that natural-gas inventories held in underground storage in the lower 48 states rose by 90 billion cubic feet to over 2.03 trillion cubic feet for the week ending June 20.
The inventory level was slightly below the five-year average of 2.09 trillion cubic feet, [...]

Natural Gas Supplies Rise

June 20th, 2008
Natural Gas Supplies Rise

The Energy Department’s Energy Information Administration said in its weekly report that natural gas inventories in the lower 48 states rose by 57 billion cubic feet to over 1.94 trillion cubic feet for the week ending June 13.
The inventory level was slightly below the five-year average of about 2 trillion cubic feet and well below [...]

Oil and Gas Supplies Dropped Last Week

June 19th, 2008
Oil and Gas Supplies Dropped Last Week

Crude-oil inventories fell last week for the fifth straight week, while gasoline stockpiles unexpectedly dropped.
For the week ended June 13, crude-oil inventories fell by 1.2 million barrels, or 0.4 percent, to 301 million barrels — 14.2 percent below year-ago levels, the Energy Department’s Energy Information Administration said in its weekly report.
Analysts expected a larger draw [...]

Natural Gas Supplies Rise

June 14th, 2008
Natural Gas Supplies Rise

The Energy Department’s Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states rose by 80 billion cubic feet to nearly 1.89 trillion cubic feet for the week ending June 6.
The inventory level was slightly below the five-year average of about 1.91 trillion [...]

Oil Supplies Down More Than Expected

June 12th, 2008
Oil Supplies Down More Than Expected

Crude oil inventories fell by 4.6 million barrels last week to 302.2 million barrels — 13.5 percent below year-ago levels, the Energy Department’s Energy Information Administration (EIA) said in its weekly report.
Analysts expected a draw of only 1.4 million barrels, accorgding to a survey by Platts, the energy research arm of McGraw-Hill Cos.
Gasoline inventories rose [...]

Energy Dept. and IEA Lower Oil Demand Outlook

June 11th, 2008
Energy Dept. and IEA Lower Oil Demand Outlook

The Energy Department and the Paris-based International Energy Agency both lowered their global oil consumption forecasts for this year amid surging prices, but said demand for oil and petroleum products is accelerating in parts of the developing world.
In its monthly short-term Energy outlook, the Energy Department’s Energy Information Administration said oil consumption is falling more [...]

Natural Gas Supplies Grow

June 6th, 2008
Natural Gas Supplies Grow

The Energy Department’s Energy Information Administration said in its weekly report that natural-gas inventories in the lower 48 states rose by 105 billion cubic feet to nearly 1.81 trillion cubic feet for the week ending May 30.
The inventory level was slightly below the five-year average, and well below last year’s storage level of more than [...]

Crude Supply Drop Surprises Analysts

June 5th, 2008
Crude Supply Drop Surprises Analysts

Crude-oil inventories dropped last week for the third straight period, down by 4.8 million barrels to 306.8 million barrels — 11.8 percent below year-ago levels, the Energy Department’s Energy Information Administration said in its weekly report.
Analysts expected a gain of 2.7 million barrels, according to a survey by Platts, the energy research arm of McGraw-Hill [...]

Crude Supplies Fall as Tankers Back Up

May 30th, 2008
Crude Supplies Fall as Tankers Back Up

Crude-oil inventories fell unexpectedly last week for the second straight period. But government data suggests it is probably not because demand has risen, and that helped push crude prices down.
For the week ended May 23, crude-oil inventories shrank by 8.8 million barrels, down 2.7 percent from the previous week, to 311.6 million barrels, the Energy [...]


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