Energy Economy

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Crude Oil Price Tops $48 on Huge Inventory Draw

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.2 million barrels last week, maintaining a total U.S. commercial ...
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Oil drilling rig

U.S. Oil Rig Count Adds 21 Last Week, Largest Increase This Year

In the week ended July 24th, the number of rigs drilling for oil in the U.S. totaled 659 compared with 638 in the prior week and 1,562 a year ago. ...
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Blue flames of a gas stove

Natural Gas Price Rises as Weather Heats Up

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 61 billion cubic feet for the week ending July 17. Analysts polled by The ...
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153715598

Crude Oil Price Struggles to Hold Above $50 After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.5 million barrels last week, maintaining a total U.S. commercial ...
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Will Strategic Petroleum Reserve Be Tapped to Pay for a Highway Bill?

It has been said that watching politics behind the scenes can be like watching how they make sausage at the sausage factory. Sometimes you just might not like what you ...
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186723229

WTI Crude Drops Below $50 a Barrel

WTI crude oil for August delivery fell to a daily low of $49.93 on Monday afternoon, the first time since early April that WTI crude has fallen that low. The ...
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Oil drilling rig

US Oil Rig Count Drops With Lower Prices

In the week ended July 17, the number of rigs drilling for oil in the United States totaled 638, compared with 645 in the prior week and 1,554 a year ...
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Blue flames of gas stove

Natural Gas Price Slips After Huge Inventory Addition

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 99 billion cubic feet for the week ending July 10. Analysts polled by The ...
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153715598

Crude Oil Price Slips on Iran Deal, Not Lower Inventory

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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Flag of OPEC

OPEC Forecasts Crude Oil Demand Growth for 2015 and 2016

The Organization of Petroleum Exporting Countries (OPEC) released its July Oil Market Report Monday morning, and the cartel raised its forecast of 2015 global demand growth by 100,000 barrels a ...
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Oil drilling rig

US Adds More Oil Rigs Despite Low Crude Prices

In the week ended July 10, the number of rigs drilling for oil in the United States totaled 645, compared with 640 in the prior week and 1,563 a year ...
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Oil Tanker

IEA Expects Global Demand Drop

The International Energy Agency (IEA) expects a perfect storm will push down oil prices. Global demand will fall, just as OPEC production rises. Oil prices, now below $60, could make ...
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Blue flames of a gas stove

Natural Gas Price Slumps as Inventory Swells

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 91 billion cubic feet for the week ending July 3. Analysts polled by The ...
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153715598

Crude Oil Price Dives After Inventory Posts Surprise Rise

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 400,000 barrels last week, maintaining a total U.S. commercial crude ...
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Too Many Factors at Once Weigh on Oil Prices

Oil just does not like turmoil. Whether it is a stronger dollar, demand erosion in Europe or the threat of more new permanent supply on the world market may depend ...
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