EIA

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...

Oil prices are up sharply in Friday’s session as investors are displaying optimism about the reported 5-million-barrel drawdown in U.S. crude stockpiles last week. The EIA’s reported 5-million-barrel drawdown was much better than the 3.2 million barrel build that analysts had forecast....

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...

A recent survey indicates that Americans believe the Middle East supplies the majority of U.S. oil imports. In reality, Canada is by far the the country's largest supplier of foreign oil. Domestic and Western Hemisphere production combines to make up about 85 percent of U.S. oil...

Dennis Gartman says Goldman Sachs is "rather late" to the bearish party with its $20 oil call. Gartman added China will still be the largest contributor to crude demand, despite slowing growth. Dennis Gartman discussed in his daily publication (The Gartman Letter) that Goldman Sachs' bearish...

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...

In a new report, Citi Research analysts caution anxious oil investors about relying too heavily on the Energy Information Administration’s (EIA) weekly oil production statistics. According to analysts, there is often a major disconnect between the EIA’s weekly estimate and the actual...

GasBuddy.com has projected that this summer’s gasoline prices will be the lowest in a decade. Just how low prices will go depends on who is doing the forecasting and perhaps even on what happens with sanctions against Iran. Dueling Forecasts A recent projection from the Energy...

The W&T Offshore, Inc. (NYSE: WTI) "WTI crude oil" spot price is down more than 43 percent this year due to a glut in oil supply worldwide. As new fracking and horizontal drilling technology has spearheaded the energy boom in the United States, oil production has grown at a...

U.S. stocks were little changed as investors found no new positive (or negative) developments from Ukraine and no new economic reports from China. Stanley Fischer, the nominee for Federal Reserve vice chairman will deliver a prepared testimony ahead of his confirmation at the Senate Banking...

Major indices barely budged Thursday following yesterday's monster rally after the Fed announced it will begin tapering. Overall volume was below average which is typical in the final trading days of the year. Next week will be shortened as investors break for Christmas and a week later for new...

In the film Wall Street, Charlie Sheen's character Bud Fox secretly followed around a British billionaire, Sir Lawrence Wildman, to discern his next move. Fox concluded that Wildman was meeting with key people in order to make a bid for a steel company. If Bud Fox was still up to gathering...

Will the price per barrel of oil be cheaper by the end of the decade? According to Ed Morse, head of commodity research at Citigroup (NYSE: C) the price of a barrel could be $15 less than current levels by 2020. The U.S. is on track to reach records for crude-oil production by 2016, which “will...