EIA's methodology to estimate exports was flawed. That particularly affected demand calculations. EIA now using near-real time exports. EIA had underestimated exports. Therefore, it overestimated ...

“The EIA believes that this methodology represents a market-cleared estimate of risks, i.e., a buyer and seller have agreed on the value of an option,” said Adam Sieminski, chief energy ...

However, as the EIA itself says, data collection for these numbers has been imperfect for years and needs a change of methodology to represent U.S. oil supply and demand data more accurately.

Advertisement "The new estimates are roughly 100,000 barrels per day more than those generated by the previous EIA methodology," it said in a daily briefing. Oklahoma is one of the top 5 oil ...

Over 100 Employees Leave US EIA, Putting Crucial Energy Data at Risk, Sources Say By Arathy Somasekhar and Stephanie Kelly HOUSTON (Reuters) -The U.S. government's energy statistics arm is set to ...

The EIA will change its surveys to get more accurate crude output data, and also change its accounting methods for crude oil blending, Joe DeCarolis, an official with the EIA, said on Twitter.