The U.S. Energy Information Administration (EIA) is a government agency that provides independent, reliable, and comprehensive energy data, analysis, and forecasts. Established in 1977, the EIA’s primary mission is to promote sound energy policies and informed decision-making through accurate and unbiased energy information. It collects and disseminates data on energy production, consumption, and trends, covering a wide range of sectors, including oil, gas, renewable energy, electricity, and more. Its reports are widely used by policymakers, businesses, and researchers.
Crude oil prices stabilized on Wednesday after experiencing a dip earlier this week in response to the Energy Information Administration’s (EIA) latest Short-Term Energy Outlook. The EIA’s report forecasted weaker…