Energy Information Administration

Data released by the U.S. Energy Information Administration indicated impressive growth in PV installs through November 2016. Despite this, growth in U.S. solar installations may actually be cooling, Axiom's Gordon L. Johnson said in a report. According to PVInsights data for this week, average...

Natural gas futures were lower despite bullish inventory data released on Thursday. Futures haven't budged much to the forecasts for colder weather either. Higher Than Expected Inventory Drawdown The Energy Information Administration said in its weekly natural gas storage report natural gas...

The price of oil rose Tuesday afternoon after the American Petroleum Institute's weekly data announcement showed an inventory draw of 3.8 million barrels, which came as a surprise as analysts were expecting a build of around 2.4 million barrels. On Wednesday, the Energy Information...

In at least one segment of global energy demand, fossil fuel demand growth could peak by 2025. Tom Randall reports that Bloomberg New Energy Finance projects fossil fuel demand for electricity will finally hit its peak in another nine years. “You can’t fight the future,” the...

The latest solar installation numbers indicate that 2016 could be a rough year for U.S. solar companies. Axiom analyst Gordon Johnson reported early PV pricing trends and installation rates are way off industry projections for the full year. The Energy Information Administration (EIA) just...

Crude oil closed out its largest three-day price surge since 1990 on Monday, and the United States Oil Fund LP (ETF) (NYSE: USO) is up more than 23 percent in less than a week. Oil bears on Wall Street are arguing that the movement is simply a temporary short squeeze following WTI’s drop to...

Over the past weekend, the BP plc (ADR) (NYSE: BP) refinery in Whiting, Indiana suffered a malfunction in a 240,000 barrel per day crude distillation unit (CDU). The malfunction caused the company to shut the unit down for the next seven to 12 days. Great Lakes Area Impacted At a time of...

U.S. House Speaker John Boehner threw his support behind efforts in Congress to end the decades-old ban on crude oil exports on Thursday. The United States prohibited itself from selling oil to foreigners – with some exceptions – during the 1970s, at a time when policymakers wanted to...

The U.S. Energy Information Administration released its weekly Petroleum Status Report Wednesday morning. The institute reported a decrease in crude oil inventories of 1.9 million barrels for the week ending May 29, versus expectations of a draw of 1.7 million. Still, at 477.4 million barrels,...

A report by the U.S. government on Wednesday indicated that crude supplies rose 1.29 million barrels last week, marking the smallest weekly gain since the seven-day period ending January 2. Analysts were expecting a gain of 3.6 million barrels for the week. The report, issued by the Energy...

The sharp decline in oil prices since mid-2014 has been the result of a massive oil supply glut in the market. As North American production started booming over the past several years, demand failed to keep up with the rapidly-growing supply. But now that the price of WTI crude oil has fallen...

Brent crude oil traded near a nine-month low on Thursday as an oversupplied market continued to outweigh geopolitical tension around the globe. The commodity traded at $104.68 at 8:50 GMT despite a modest drop in U.S. crude inventories last week. Reuters reported that the Energy Information...