Energy Economy

US Oil Rig Count Drops by 7, Total Rigs Down by 15

In the week ended October 20, 2017, the number of rigs drilling for oil in the United States totaled 736, seven fewer compared with the prior week and up by ...
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Natural Gas Price Remains Low as Heating Season Approaches

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 51 billion cubic feet for the week ending October 13. Analysts were expecting a ...
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Crude Oil Price Tumbles After Week of Storm Threats

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 5.7 million barrels last week, maintaining a total ...
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Gas Prices Decline for Fifth Week Running

For over a month now, gasoline prices have slowly backed off in the wake of Hurricane Harvey. The damage from Harvey was substantial in the Houston area and precipitated some ...
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Crude Oil Price Stems Losses as Inventories Shrink

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories decreased by 2.8 million barrels last week, maintaining a total ...
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Natural Gas Price Ticked Down on Expected Storage Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 87 billion cubic feet for the week ending October 6. Analysts were expecting a ...
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US Energy Agency Forecasts Higher Oil Prices

The U.S. Energy Information Administration (EIA) has raised its forecast for the price of a barrel of Brent crude oil for this year to $52, up from $51 in last ...
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Dutch Government Moves Forward in Plan to Ban Combustion Engines

The new Dutch government Tuesday detailed plans to ban gasoline- and diesel-powered vehicles by 2030 and shift to vehicles that are battery-powered, as nations move to end the era of ...
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Gas Prices Rise Above $3 in Large California Cities

As oil trades around $50 a barrel, its recent price increase has had an effect on gasoline prices. In California, where the price of an average gallon of regular is ...
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US Oil Rig Count Drops by 2, Total Rigs Now Up 412 Year Over Year

In the week ended October 6, 2017, the number of rigs drilling for oil in the United States totaled 748, down by two compared with the prior week and up ...
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Q3 Global Clean Energy Investment Totaled $67 Billion

Led by a $4.5 billion, 2-gigawatt (GW) wind project in Oklahoma, global investment in clean energy totaled $66.9 billion in the third quarter, up 3% sequentially and 40% year over ...
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Crude Oil Price Ticks Higher; US Exports Soared Last Week

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 6 million barrels last week, maintaining a total ...
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IEA Boosts Renewable Energy Forecast, but Trump Tax Plan Might Hurt Industry

Buoyed by a 50% increase in solar capacity around the world, the International Energy Agency has raised its forecasts for renewable energy over the next five years. However, the tax ...
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Best and Worst States for Energy Efficiency

In 2016, U.S. utilities invested about $7.6 billion in energy efficiency programs and saved approximately 25.4 million megawatt-hours (MWh) of electricity. The U.S. Energy Information Administration (EIA) reported that in ...
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Why a California Ban on Internal Combustion Is Irrelevant

Following China’s proposed ban of the internal combustion engine by 2030, Governor Jerry Brown of California appears to have gotten a little jealous. He is now reportedly interested in eventually ...
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