Energy Economy

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Natural Gas Price Slips After Storage Rises More Than Expected

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 71 billion cubic feet for the week ending May 20. Analysts were expecting a ...
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Gas Pump Nozzle

Gas Prices Rise Above $2 in Every State for the First Time in Months

The days when gasoline prices dropped close to $1 a gallon in some parts of the United States are months past. For the first time in nearly a year, the price ...
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Oil Barrels

Crude Oil Price Holds Gains as Stockpiles Fall 4.2 Million Barrels

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 worker

Why Crude Oil May Not Rise Above $50 a Barrel

U.S. crude oil production is expected to drop by about 1 million barrels a day between the end of the first quarter of 2016 and the third quarter of 2017. ...
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Gas Pump

Gas Prices Rise as Summer Driving Season Nears

The national average price for a gallon of regular gasoline rose 6.1 cents in the past week to $2.287. The most common price is $2.099, and the average difference between ...
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fracking

Oil Rig Count Flat Last Week, Hedge Funds Dump Short Bets

In the week ended May 20, the number of rigs drilling for oil in the United States totaled 318, unchanged compared with the prior week, and 660 a year ago. ...
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Biofuel

EPA Proposes Renewable Fuel Requirements for 2017

The U.S. Environmental Protection Agency (EPA) on Wednesday released its proposed renewable fuels requirements for 2017. As always, renewable fuels producers don't like it and fossil fuels producers don't like ...
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Natural Gas Price Flat After Storage Report; Down 7% From Week Ago

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 73 billion cubic feet for the week ending May 13. Analysts were expecting a ...
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Saudi Arabia

Saudi Arabia May Begin Paying Bills with IOUs

The Kingdom of Saudi Arabia is reportedly considering using IOUs to pay vendors with the goal of conserving cash. Payments would include some cash and some bond-like paper (commonly called ...
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Oil Barrels

Crude Oil Price Slumps on Surprise Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.4 million barrels last week, maintaining a total U.S. commercial ...
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fracking

EIA: June Crude Production to Fall by 113,000 Barrels a Day

The U.S. Energy Information Administration (EIA) on Monday released its May report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
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Vintage Gas Sign

Gasoline Price Hits $5.99 in Florida

It is only at one station, close to Orlando, where the price of an average gallon of regular is $2.13. In Lake Buena Vista, regular gas cost as high as $5.99 ...
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Pumping Gas

Gas Prices Inch Up, but Lowest Prices in Years Due This Summer

The national average price for a gallon of regular gasoline rose 1.3 cents in the past week to $2.223. The most common price is $1.999, and the average difference between ...
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Saudi Arabian flag

Moody’s Downgrades Saudi Arabia to A1

As the price of oil continues to batter the finances of exporting countries, Moody's downgraded petroleum power house Saudi Arabia, which not long ago was among the most financially stable ...
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oil field sunset

Oil Rig Count Drops by 10, Hedge Funds Raise Short Bets

In the week ended May 13, the number of rigs drilling for oil in the United States totaled 318, compared with 328 in the prior week and 660 a year ...
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