Energy Information Administration - EIA

AAA

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.

INVESTOPEDIA EXPLAINS '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. Natural Gas Storage Indicator - ...

    The U.S. Energy Information Administration (EIA) weekly estimate ...
  2. Tier 1 Spill

    One of the three categorized levels of oil spills. Tier 1 spills ...
  3. Tier 2 Spill

    The second of the three types of oil spills as categorized by ...
  4. EIA Petroleum Status Report

    A report published every Wednesday by the Energy Information ...
  5. American Clean Energy And Security ...

    A piece of legislation that was created in an attempt to establish ...
  6. Billions Of Cubic Feet Equivalent ...

    A natural gas industry term typically used to measure the amount ...
RELATED FAQS
  1. What country has the wealthiest overall population?

    According to data from the International Monetary Fund (IMF) and the World Bank, Qatar has the wealthiest overall population, ... Read Full Answer >>
  2. How does fracking increase oil production?

    Fracking, or hydraulic fracturing, has increased the United States’ domestic oil production since the 1990s. Fracking works ... Read Full Answer >>
  3. Why do investors look at dayrates when evaluating an oil company's contracts?

    Investors look at day rates when evaluating an oil company's contracts because they have a large impact in determining earnings. ... Read Full Answer >>
  4. Which sectors have similar pros and cons to the drugs sector?

    In financial terms, the drug sector has a high level of risk and growth. It must gather a lot of up-front investment to drive ... Read Full Answer >>
  5. If oil producers run out of room to store oil, will the price of gasoline plummet?

    The price of gasoline would plummet if oil producers run out of room to store oil. However, running out of room to store ... Read Full Answer >>
  6. How can traders use contango to take advantage of the storage shortage for crude ...

    Traders with access to physical oil and storage can make substantial profits in a contango market. Other traders may seek ... Read Full Answer >>
Related Articles
  1. Active Trading

    Oil And Gas Industry Primer

    Before jumping into this hot sector, learn how these companies make their money.
  2. Options & Futures

    Fueling Futures In The Energy Market

    The energy market influences every aspect of our lives, and these four options are its driving force.
  3. Personal Finance

    6 Ways To Save On Your Utility Bill

    Find out how to reduce your costs with these inexpensive tips.
  4. Investing

    The Case For Stocks Today

    Last week, U.S. equities advanced with the S&P 500 Index notching new records. Investors are now getting nervous with rate and currency volatility spiking.
  5. Charts & Patterns

    Should Investors Get Into Oil Now?

    Oil has enjoyed a steady climb after a violent plunge. Where is it going next, and how can investors profit?
  6. Personal Finance

    Can Electric Cars Replace Gas Guzzlers?

    High costs and poor battery performance have deterred many from switching to electric cars, which begs the question: can electric cars replace gas guzzlers?
  7. Economics

    How Violence In Yemen Has Affected Oil Prices

    Oil prices have been dropping significantly over the past year due to an abundance of supply and weaker global demand.
  8. Economics

    Impact Of Low Oil Prices On Oil Sellers And Buyers

    The impact of the fall in oil prices globally is nuanced due to the complex economies of some countries --some of which are both oil producers and buyers.
  9. Economics

    Why The U.S. Economy Is Ready For Liftoff

    Though the U.S. economy is once again underperforming expectations, as it has for the past five years, the economy is ready for a (Fed) interest rate hike.
  10. Economics

    Venezuela: Portrait of a Country in Turmoil

    Venezuela is floundering, and the story has more to do with just the falling price of oil.

You May Also Like

Hot Definitions
  1. Stop-Loss Order

    An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit ...
  2. Covered Call

    An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset ...
  3. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
  4. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
  5. Moving Average - MA

    A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random ...
  6. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
Trading Center