Energy Economy

Blue flames of gas stove

Natural Gas Inventory Less Than 10% Below 5-Year Average

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 94 billion cubic feet for the week ending October 17, compared with an expected ...
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Crude Oil Price Skids Following Big Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 7.1 million barrels last week, maintaining a total U.S. commercial ...
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Low Oil Prices Hurt U.S. Shale Operations

By Nick Cunningham of Oilprice.com Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two ...
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Crude Oil Posts 52-Week Low Before Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, a day later than usual due to the Columbus Day holiday on Monday. U.S. commercial crude ...
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Blue flames of a gas stove

Natural Gas Inventory Increase Weighs on Price

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 94 billion cubic feet for the week ending October 10. That compared with an ...
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refilling the car

Gasoline Prices at 44-Month Low

Wednesday’s national average price for a gallon of regular gasoline is $3.177 a gallon, the lowest it’s been since February of 2011. A year ago a gallon of gas cost ...
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Gasoline pump

7 States Have Gas Prices Below $3

Driven primarily by the sharp drop in oil prices, the number of states in which gasoline prices, based on the average gallon of regular, has risen to seven. Most of ...
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Crude Tumbles Again as IEA Lowers Oil Demand Forecast

The International Energy Agency (IEA) released its October Oil Market Report Tuesday morning, and it is even gloomier for oil producers than last week’s report from OPEC. The IEA has ...
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Arab oil

Low Oil Prices Are No Problem for the Saudis

With the price of Brent Crude down to around $90 a barrel, the question on everyone’s mind is, “When will oil find a floor?” Well, almost everyone. Saudi Arabia doesn’t ...
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What OPEC Is Really Telling The IMF

The Secretary General for the Organization of the Petroleum Exporting Countries (OPEC), H.E. Abdalla Salem El-Badri, issued a statement to the International Monetary Fund (IMF) on Thursday. He touched on a ...
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Blue flames of gas stove

Natural Gas Inventory Increase Bolsters Price

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 105 billion cubic feet for the week ending October 3, compared with an expected ...
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Massive Rise in Crude Oil Inventory Sends Prices Tumbling

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5 million barrels last week, maintaining a total U.S. commercial ...
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How Brazil Election Runoff Helps Petrobras

President Dilma Rousseff of Brazil won the first round of voting Sunday in Brazil’s national elections, which should be disappointing to shareholders in Petroleo Brasileiro S.A. (NYSE: PBR), better known ...
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dollar

Gas Prices Drop Below $3 in Five Cities

The move of gasoline prices to less than $3 a gallon nationwide becomes ever more likely as oil prices fall. Crude has dropped below $90 recently, and the trend continues ...
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Drilling Rig

U.S. Oil and Gas Rig Count Falling

Since 1949, the largest number of oil and gas rigs actively drilling in the United States was posted in the second week of October in 2011, when 2,023 rigs were ...
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