Energy Economy

Gasoline pump

Crude Oil Price Crashes, Gasoline at 4-Year Low

Shortly after 9:00 a.m. ET Tuesday morning, the price of West Texas Intermediate (WTI) crude oil started dropping from an intra-day high of $94.93 to reach a low point of ...
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solar energy

Solar Power May Be Largest Source of Electricity by 2050

Solar power has taken a back seat to carbon- and nuclear-based energy. That could change by mid-century, according to the International Energy Agency (IEA). Solar power may become the primary ...
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Oil price fall graphic

What Happens When Oil Drops Below $90 a Barrel?

Since late June, West Texas Intermediate (WTI) crude oil is down more than $10 a barrel and Brent crude is down about $8 a barrel. And nearly every oil industry ...
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Blue flames of a gas stove

Natural Gas Prices Strengthen on Inventory Build, but the Outlook Is Weaker

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 97 billion cubic feet for the week ending September 19. That compared with an ...
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Oil Tanker

All Eyes on Kenya: The Next Big Oil Exporter

By James Stafford of Oilprice.com Not even the specter of a spillover of Islamic extremism from Somalia can dampen the atmosphere in Kenya, where commercial oil production is expected to ...
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Crude Oil Inventory Falls, but Prices Remain Driven by Lack of Demand

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.3 million barrels last week, maintaining a total U.S. commercial ...
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Gasoline pump

Gas Prices Drop Below $3.10 in 18 Cities

As gasoline prices continue their race toward $3.00, based on the average price of a gallon of regular nationwide, the price has already dropped below $3.10 in 18 cities. These ...
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Canada’s Shale Boom: More to Come in Montney

By James Burgess of Oilprice.com   In the world of a constantly changing oil and gas environment, the Montney shale basin is the sleeping giant that holds the key to ...
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Blue flames of gas stove

Natural Gas Inventory Growth Drives Prices Down

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 90 billion cubic feet for the week ending September 12, compared with an expected ...
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153715598

Crude Oil Prices Skid as Refining Slows

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 3.7 million barrels last week, maintaining a total U.S. commercial ...
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Blue flames of a gas stove

Natural Gas Producers Face Higher EIA Inventories Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 92 billion cubic feet (Bcf) for the week ending September 5. That compared with ...
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oil pipeline

Oil Demand Falls According to IEA

The International Energy Agency (IEA) reported in its September Oil Market Report that demand for crude will fall sharply for this year and the year ahead: The IEA Oil Market ...
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153715598

Crude Price Tumbles as Gasoline Stockpile Booms

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1 million barrels last week, maintaining a total U.S. commercial ...
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Oil pumpjack

OPEC Confesses Slower Demand for Its Oil

In its monthly Oil Market Report for September, the Organization of Petroleum Exporting Countries (OPEC) lowered its estimate of demand growth for 2014 and 2015, bringing its forecasts more in ...
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gas sign

Gas Prices Drop Below $3.25 in 10 States

As gasoline prices decline across the country, the price of a gallon of regular has fallen below $3.25 in 10 states. The national average is $3.44, according to GasBuddy, down ...
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