U.S. Energy Information Administration
U.S. government agency
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View Timeline →US EIA Raises Oil Price Forecasts Amidst Iran Conflict Impacting Global Stockpiles
The US Energy Information Administration (EIA) has increased its oil price forecasts due to the ongoing conflict in Iran, which is depleting global oil stockpiles.…
UAE's Exit from OPEC Could Reduce Group's Global Crude Output Share
The UAE's exit from OPEC has led to a decrease in the organization's share of global crude oil production, potentially dropping from 35% to 31%.…
US Jet Fuel Production Reaches Record High Amid Rising Prices Due to Iran Conflict
US jet fuel production reached a record high as the conflict involving Iran led to a doubling of jet fuel prices in March, according to…
Natural Gas Futures Volatile Amid EIA Storage Anticipation and Iran Conflict Developments
Natural gas futures are experiencing volatility as the market anticipates the EIA storage results, while ongoing conflicts involving Iran could serve as potential catalysts for…
Oil Futures Rise Amid U.S.-Iran Tensions and Declining U.S. Crude Inventories
Oil futures have increased due to a standstill in U.S.-Iran relations and a report from the EIA indicating larger-than-expected declines in U.S. crude-oil inventories. This…
Houthi Missile Attack on Ship in Bab-el-Mandeb Strait
A Houthi missile was fired at a Hong Kong-flagged ship in the Bab-el-Mandeb Strait, but it did not cause damage. This incident is part of…
Donald Trump: Global Production is Sufficient to Compensate for Iran's Oil Export Decline
President Trump asserts that global oil production can compensate for the decline in Iranian oil exports due to renewed U.S. sanctions. The memo indicates a…
Significant Increase in Iran's Oil Revenue in the Early Months of 2017
Iran's oil revenue has significantly increased in early 2017, reaching $18 billion in just four months due to rising prices and export volumes. This is…
New Report: Iran's Oil Production Will Reach Pre-Sanction Levels Next Year
The U.S. Energy Information Administration predicts that Iran's oil production will return to pre-sanction levels by 2017, reaching 3.7 million barrels per day. This increase…
U.S. Energy Information Administration: Iran's Oil Production Increased by Only 20,000 Barrels
The U.S. Energy Information Administration reports that Iran's oil production has only increased by 20,000 barrels per day since the interim nuclear agreement. While Iran's…
Iran's 'Difficult' Return to the Oil Market After Sanctions Lifted
Iran faces significant challenges in returning to the oil market following the potential lifting of sanctions. International firms predict a slow increase in oil production…
Rezaei: Iran's Oil Revenues Decreased by $100 Billion in the Last Three Years
Mohsen Rezaei announced that Iran's oil revenues have decreased by $100 billion over the past three years due to sanctions and falling oil prices. He…