I follow EIA report closely since I invest heavily in oil. I have been puzzled for a long time why oil production not go down even after rig count reduced more than 60% and heavy spending cut.

EIA's Weekly Petroleum Status Report revealed that crude inventories fell by 1.1 million barrels compared to the 2.5 million barrels decrease that energy analysts had expected.

The federal government's EIA report revealed that crude inventories rose by 9.3 million barrels, compared to the 4 million barrels increase that energy analysts had expected.

Natural gas futures settle higher ahead of the EIA's weekly storage report, supported by a cooling of near-term weather forecasts. "Some weather outlooks for the start of February shifted ...

It was unclear how the report would further impact crude prices. The lower prices have led producers to scale back production and shut down rigs, leading to nearly 100,000 lost energy-related jobs.

The EIA report showed a weekly inventory gain of 1.3 million barrels for gasoline, while distillate stockpiles edged down by 400,000 barrels.

Natural gas bounces back ahead of tomorrow's EIA storage report, which is expected to bring a lower-than-average build. Natural gas "has been trading in a upward sloping channel since the June ...

The results of a new report estimating the global volume of shale gas outside of the United States are, well, a bit mind-boggling.

Natural gas prices finished 1.6% lower at $2.765/mmBtu, putting an end to a six-session rally that was the longest winning streak since July 26, 2021.

U.S. oil prices receded slightly on Wednesday after a weekly report from the Energy Information Administration ("EIA") showed a stockpile draw below expectations, while distillate inventories rose ...