Energy Information Administration - EIA

DEFINITION of 'Energy Information Administration - EIA'

A government agency formed in 1977 as an advisor to the U.S. Department of Energy. The EIA is responsible for objectively collecting energy data, conducting analysis and making forecasts. EIA's reports contain information regarding important energy-related factors such as future energy inventories, demand and prices. Its data, analysis and reports are available online to both members of the public and the private sector.

BREAKING DOWN 'Energy Information Administration - EIA'

One of the most renowned reports published by the EIA is called This Week In Petroleum. This report is released every Wednesday and contains commentary regarding changes in inventory, demand and other data for crude oil and other petroleum products (such as gasoline, distillates and propane). Usually, when this report shows unexpected inventory changes in crude oil and gasoline, it causes a ripple effect across the market, increasing or decreasing what consumers pay at the gas pumps.

RELATED TERMS
  1. EIA Petroleum Status Report

    A report published every Wednesday by the Energy Information ...
  2. Natural Gas Storage Indicator - ...

    The U.S. Energy Information Administration (EIA) weekly estimate ...
  3. EIA Natural Gas Report

    A weekly report provided every Thursday by the Energy Information ...
  4. Alternative Energy ETF

    An exchange-traded fund that invests in companies engaged in ...
  5. Barrel Of Oil Equivalent (BOE)

    A term used to summarize the amount of energy that is equivalent ...
  6. Energy Sector

    A category of stocks that relate to producing or supplying energy. ...
Related Articles
  1. Trading

    Uncovering Oil And Gas Futures

    Find out how to stay on top of data reports that could cause volatility in oil and gas markets.
  2. Markets

    The US Is Becoming More Energy Independent

    Rising production and abundant shale oil and gas reserves are moving the US towards energy independence, which could happen by 2020
  3. Markets

    Why It Is Important to Follow Crude Oil Inventories

    Discover what oil inventories are, how they are communicated and what important insights they provide into the state of the oil market.
  4. Markets

    U.S. Crude Oil Inventories Up (XOM)

    U.S. crude oil inventories are at “historically high levels” for this time of the year, according to the Energy and Information Administration.
  5. Markets

    U.S. Crude Oil Inventory Draw Down Smaller Than Expected (PSX)

    U.S. crude oil inventories declined by 2.2 million barrels for the week ending July 1, but not enough to help refiners.
  6. Retirement

    How Cheap Will Gas Get This Summer?

    The national average retail price for regular gasoline will likely fall between $2.50 and $3 per gallon during the summer driving season.
  7. Markets

    Leading Economic Indicators for Oil Prices

    The factors that determine the price of oil are supply and demand. Their leading indicators can help investors and traders forecast future price movements.
  8. Insights

    Oil Production Up, Default Rates to Rise

    A round up of some of the week's most significant corporate events and news stories in Energy.
  9. ETFs & Mutual Funds

    How Oil ETFs React To Falling Energy Prices

    Not all ETFs react the same to falling energy prices. Here's a look at a few examples.
  10. Managing Wealth

    3 Reasons Energy Investors Should Be Cautious in 2016

    Learn why investors eyeing the energy sector should proceed with caution in 2016, even though energy stocks appear to be attractively priced.
RELATED FAQS
  1. What economic indicators are important to consider when investing in the oil and ...

    Find out more about economic indicators and which ones are important when investing in companies in the oil and gas sector. Read Answer >>
  2. What factors are the primary drivers of share prices in the oil and gas sector?

    Learn the primary drivers behind changes in the share prices of the oil and gas sector. The oil and gas sector is a cyclical ... Read Answer >>
  3. What economic indicators do oil and gas investors need to watch?

    Leading indicators for oil and gas investments are centered around the levels of production, consumer demand and inventory ... Read Answer >>
  4. How much of the United States' energy comes from oil and gas?

    Examine the energy sources for the United States, and learn how much of the total U.S. energy supply comes from the oil and ... Read Answer >>
  5. How do you analyze inventory on the balance sheet?

    Learn how to analyze inventory using financial statements and footnotes by doing ratio analysis and performing qualitative ... Read Answer >>
  6. Why should investors care about the Days Sales of Inventory (DSI)?

    Learn about days sales of inventory and what it measures; understand why an investor would want to know a company's days ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center