Energy Economy

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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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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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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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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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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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New Vehicle Fuel Economy at Record High

New vehicles sold in the month of August averaged 25.8 miles per gallon, the highest fuel-economy rating ever for new cars. Compared with October 2007, fuel economy ratings on new ...
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Crude Prices Fall as Summer Driving Season Ends

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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Blue flames of a gas stove

Natural Gas Price Tumbles on Big Inventory Build

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 79 billion cubic feet for the week ending August 29. That compared with an ...
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refilling the car

Gasoline Prices Drop Further as Summer Driving Season Ends

A gallon of gasoline costs less today than at the beginning of any of the past four Septembers, and the price is expected to continue dropping as people drive less ...
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oil storage terminal

Why the Debate Over Energy Storage Utterly Misses the Point

By. Chris Dalby of Oilprice.com The debate over which energy storage technology will prove to be the best in the long-term is woefully misguided. Many technologies have been tested in ...
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Fuel pump in fuel tank

The City With the Highest Priced Gas in America

The average price for a gallon of regular gasoline in the United States is $3.43, down from $3.56 a year ago. But elements ranging from refinery locations to local taxes ...
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Blue flames of gas stove

Slower Natural Gas Inventory Growth Gives Prices a Boost

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 75 billion cubic feet for the week ending August 22. That compared with an ...
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