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.

  1. EIA Natural Gas Report

    A weekly report provided every Thursday by the Energy Information ...
  2. Energy Sector

    The energy sector is a category of stocks that relate to producing ...
  3. Average Inventory

    A calculation comparing the value or number of a particular good ...
  4. Barrel Of Oil Equivalent (BOE)

    A barrel of oil equivalent (BOE) is a term used to summarize ...
  5. Perpetual Inventory

    A method of accounting for inventory that records the sale or ...
  6. Average Age Of Inventory

    The average number of days it takes for a firm to sell to consumers ...
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