Energy Economy

Why Does the IEA Always Underestimate Solar Energy’s Rapid Growth?

Baseball philosopher Yogi Berra once said, "It's tough to make predictions, especially about the future." That doesn't stop people from making them, mostly because predictions going out years or decades ...
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US Oil Rig Count Steady, Crude Price Slips Less Than 1% for the Week

In the week ended November 17, 2017, the number of rigs drilling for oil in the United States totaled 738, unchanged from the prior week and up by 267 compared ...
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Natural Gas Price Ticks Higher on Storage Withdrawal

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 18 billion cubic feet for the week ending November 10. Analysts surveyed by S&P ...
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Crude Oil Price Slips as Inventories, Production Rise

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 1.9 million barrels last week, maintaining a total ...
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EIA: Crude Oil Production to Rise 80,000 Barrels a Day in December

The U.S. Energy Information Administration (EIA) on Monday released its November report on drilling productivity in seven key oil and gas producing regions of the United States. Overall, oil production ...
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Crude Oil Inventories Decline, but Imbalance to Continue: IEA

In its monthly Oil Market Report for November, released Tuesday morning, the International Energy Agency (IEA) said that global crude supplies rose by 100,000 barrels per day in October to ...
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Gasoline Prices Rise as Demand, Exports Remain Robust

For the third consecutive week, U.S. gasoline prices were higher Monday morning than they were in the prior week. The week-over-week increase in the national average was up 2 cents ...
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OPEC Reports October Production Fell, Prices at Multiyear High

In its Monthly Oil Market Report for November, released Monday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket rose ...
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US Oil Rig Count Jumps by 9, Price Up More Than 2% for the Week

In the week ended November 10, 2017, the number of rigs drilling for oil in the United States totaled 738, nine more compared with the prior week and up by ...
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Natural Gas Price Steady After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 15 billion cubic feet for the week ending November 3. Analysts were expecting a ...
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Crude Oil Price Dips on Unexpected Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 2.2 million barrels last week, maintaining a total ...
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OPEC World Oil Outlook: Higher Demand, More Competition From Electric Vehicles

The Organization of the Petroleum Exporting Countries (OPEC) released the 2017 version of its World Oil Outlook Tuesday morning. Perhaps the most interesting projection in the new Outlook calls for ...
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An Electric Car Is Only as Clean as the Source of Its Electricity

The fuels that a country uses to generate electricity affect the total emissions avoided by battery-powered electric vehicles (BEVs). A comprehensive "wells-to-wheels" analysis of greenhouse gas (GHG) emissions from driving ...
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Gasoline Prices Up Sharply on Strong Demand

For the second consecutive week, U.S. gasoline prices were higher Monday morning than they were in the prior week. And sharply higher too — the price of a gallon of ...
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US Oil Rig Count Drops by 8, Total Rig Count Down by 11

In the week ended November 3, 2017, the number of rigs drilling for oil in the United States totaled 729, eight fewer compared with the prior week and up by ...
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