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.

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RELATED FAQS
  1. 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 >>
  2. Why should investors care about the Days Sales of Inventory (DSI)?

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  3. How do you analyze inventory on the balance sheet?

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