Energy Information Administration
4 stories
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financeStrait of Hormuz Reopening Signals Lower Global Oil Prices
Resumed operations at the Strait of Hormuz are expected to increase global oil supply and reduce crude prices, though full volume normalization may extend into late 2026.
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financeUS Oil Inventories Hit 20-Year Low Amid Export Surge and Strategic Reserve Drawdown
US crude stocks fell to the lowest in over 20 years as exports rise and imports slow, with Cushing at 22.4 million barrels.
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financeBrent Crude Surges Past $119 as US-Iran Tensions Escalate
Oil prices spike due to Strait of Hormuz closure. Rising geopolitical uncertainty may pressure risk assets like Bitcoin and Ethereum.
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techU.S. Launches Pilot Surveys to Track Data Center Energy Use
The Energy Information Administration begins targeted surveys in Virginia, Texas, and Washington to assess surging power demand from AI-driven data centers.