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. Institute Of Petroleum - IP

    The Institute of Petroleum (IP), based in the United Kingdom, ...
  6. Barrel Of Oil Equivalent (BOE)

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

    Gasoline Prices Could Rise on Record Demand

    According to a Reuters analysis of U.S. Energy Information Administration (EIA) data, U.S. gasoline consumption is on track to hit record levels in 2016.
  3. 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
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. ETFs & Mutual Funds

    Do Energy Sector CAPEX Cuts Equal Opportunity?

    Pessimism in the oil patch has reached new levels. Does this mean the sector could be the ultimate value investing buy?
  10. ETFs & Mutual Funds

    VDE: Vanguard Energy ETF

    Discover the type of investment strategy the Vanguard Energy ETF follows, and learn why it may be an appropriate addition to an investor's portfolio.
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 economic indicators are especially important to oil traders?

    Economic indicators are used by traders and investors in an attempt to understand the underlying fundamentals of the market. ... Read Answer >>
  3. 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 >>
  4. 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 >>
  5. 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 >>
  6. 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 >>
Hot Definitions
  1. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  2. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  3. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  4. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  5. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  6. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
Trading Center