Tag: Energy Information Administration

Energy, Industry Focus Areas

Coping With Rising Energy Prices – Can Manufacturers Remain Profitable Against Energy Uncertainty?

June 2, 2022

Via: Manufacturing Tomorrow

According to the Energy Information Administration (EIA) , US gasoline and diesel prices are expected to be at their the highest this summer since 2014. These rising costs are adding additional pressure to manufacturers, and risk halting production as businesses […]

Energy, Industry Focus Areas

US Sees Record Oil Production Next Year Moving Even Higher

February 8, 2022

Via: Transport Topics

U.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to boost drilling. Oil output will average 12.6 million barrels a day in 2023, an increase from its previous estimate of […]

Energy, Industry Focus Areas

Diesel Stockpiles at 20-Year Low as Winter Nears

October 7, 2021

Via: Transport Topics

U.S. inventories of distillates — used as diesel for both transportation and heating oil — are enough to meet just 31.2 days of demand, according to the Energy Information Administration. That’s the tightest it has been for this time of […]

Energy, Industry Focus Areas

Oil Clings to Rally on Signs of Coronavirus Vaccine Progress

November 18, 2020

Via: Transport Topics

Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build. Futures in New York climbed as much as 2.5% on Nov. 18 in sympathy with broader markets, as […]

Energy, Industry Focus Areas

US Sees Oil Production Continuing to Grow Despite Lower Prices

December 12, 2018

Via: Industry Week

The U.S. government left its forecast for domestic crude production unchanged for 2019 even with prices averaging almost $11 a barrel lower than its previous estimate. Oil producers will pump an average 12.06 million barrels a day next year, up […]