Energy Information Administration
latest news & developmentsOil prices pause within sight of $120
World oil prices paused within sight of the $120 level on Thursday after a mixed report on United States energy stockpiles, dealers said. In Asian afternoon trading, New York’s…
Oil peak: A crude ruse?
‘We’re running out of oil!” We’ve been hearing this warning at least since the 1970s oil shocks, but recently it has been proclaimed with increasing insistence. The idea goes…
Oil jumps more than $1 on US pipeline fire
Oil prices rebounded by over a barrel on Thursday, after an explosion and fire at an oil terminal in Minnesota shut down most of the main pipeline that delivers Canadian crude to…
Oil crosses $98 a barrel
Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the…
Oil prices stay above $82 a barrel
Oil prices kept rising on Thursday after reaching record highs in the previous session on United States refinery outages and declines in US oil inventories. A decline earlier in…
Oil hits record high after Opec fails to calm market
Oil hit a record high of nearly $79 a barrel on Wednesday, after the Organisation of the Petroleum Exporting Countries’s (Opec) modest output increase failed to allay winter…