With oil prices at near-six-year lows, traders and analysts are scrambling to figure out what’s coming next for energy markets. Lucky for them, more detailed U.S. data may be on the way. The Energy Information Administration, the data and statistics arm of the U.S. Department of Energy, is collecting comments on proposed changes to its energy-data surveys until Sept. 8. The agency surveys energy companies for data on energy production, inventories, demand and trade flows. The EIA is widely considered to be the best provider of timely and comprehensive energy-market data. Still, its reports have come under heightened scrutiny in recent months by oil traders seeking to know as much as possible about the market amid plunging oil prices. The EIA is already planning some updates to its data. Many of the proposed changes to these surveys come in response to recent topics of interest in the oil market, […]

Posted in: USA