Energy Economy

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Natural Gas Price Dips Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 37 billion cubic feet for the week ending June 24. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Jumps on Inventory Drawdown

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.1 million barrels last week, maintaining a total U.S. commercial ...
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Gas Pump

July 4th Gas Prices Lowest in 10 Years

The national average price for a gallon of regular gasoline is forecast to average $2.27 over the Fourth of July holiday, its lowest level in more than 10 years. Last ...
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Petrol pump

Gas Prices Sliding in Time for July Fourth Holiday

The national average price for a gallon of regular gasoline fell more than 5cents in the past week to $2.285. The most common price remained flat for the week at ...
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India

Air Pollution Kills 6.5 Million A Year–IEA

The photos of air choked cities in India and China now have a number associated with them. According to the IEA, 6.5 million people die of air pollution each year. ...
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fracking

Oil Rig Count Fell by 7 Last Week, Hedge Funds Bet Wrong on Brexit

In the week ended June 24, the number of rigs drilling for oil in the United States totaled 330, down by 7 compared with the prior week and a total ...
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fracking

Federal Court Boots Obama Administration Fracking Rules

A federal district court in Wyoming on Tuesday struck down tough U.S. Department of the Interior rules related to hydraulic fracturing  (fracking) of oil and gas wells in the United ...
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Gas Pump Nozzle

20 Cities Paying Too Much for Gas

By now everyone should know that Californians pay higher average prices for gasoline than any other Americans. Of the 20 cities with the highest pump prices for gas, 17 are ...
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Oil Barrels

Crude Oil Price Turns Lower on Small Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 900,000 barrels last week, maintaining a total U.S. commercial crude ...
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Gas Pump

Gas Prices Drop as Midwest Refineries Resume Production

The national average price for a gallon of regular gasoline fell more than five cents in the past week to $2.335. The most common price remained flat for the week ...
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Pumping Gas

Gas Prices Above $2 a Gallon in All 50 States

In the first week of June 2016, gasoline prices in all 50 states rose above $2 a gallon for the first time all year according to GasBuddy. The lowest gas ...
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fracking

Oil Rig Count Rose by 9 Last Week, Hedge Funds Pile Up Short Contracts

In the week ended June 17, the number of rigs drilling for oil in the United States totaled 337, up by nine compared with the prior week and a total of ...
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gas pipeline

Natural Gas Price Dips on Storage Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 69 billion cubic feet for the week ending June 10. Analysts were expecting a ...
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oil tanker

Has $800 Billion in Oil Simply Disappeared?

By one count, some 3 billion barrels of crude oil valued at about $840 billion have gone missing since the end of 2014. Adding in oil-equivalent barrels of natural gas, ...
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Oil Barrels

Crude Oil Price Skips Higher on Inventory Drawdown

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 900,000 barrels last week, maintaining a total U.S. commercial crude ...
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