Energy Economy

Blue flames of a gas stove

Colder Weather Ups Natural Gas Demand, Weighs on Prices

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks decreased by 162 billion cubic feet for the week ending November 21st, compared with an expected ...
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Crude Oil Inventory Posts Gain Ahead of OPEC Meeting

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.9 million barrels last week, maintaining a total U.S. commercial ...
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Biofuel Cans

EPA Delays Renewable Fuels Decision

The U.S. Environmental Protection Agency (EPA) on Friday announced that it would not issue a final standard for the percentage of renewable fuels use in 2014. The standard was due ...
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Blue flames of gas stove

Natural Gas Inventory Drop Sends Prices Higher

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks decreased by 17 billion cubic feet for the week ending November 14. That compared with an ...
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Crude Oil Inventory Takes Unexpected Leap

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.6 million barrels last week, maintaining a total U.S. commercial ...
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Blue flames of a gas stove

Natural Gas Inventory Rises Sharply, Weighs on Price

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks increased by 40 billion cubic feet for the week ending November 7, compared with an expected ...
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Average Gasoline Price in 2015 to Fall to $2.94 a Gallon

When the U.S. Energy Information Administration (EIA) released its updated Short-Term Energy Outlook on Wednesday, the agency forecast that falling prices for crude oil will cut the U.S. average price ...
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IEA Warns Falling Crude Prices Call for a Production Cut

The International Energy Agency (IEA) released its November Oil Market Report Friday morning, and the big takeaway is that unless producers cut production, prices will continue falling through the first ...
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Crude Oil Price Sinks After EIA Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, a day late due to the Veterans’ Day holiday. U.S. commercial crude inventories decreased by 1.7 ...
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IEA World Energy Outlook Worries About Political Stability, Investment

Perhaps the number that stands out the most in the International Energy Agency (IEA) 2014 World Energy Outlook is the one that places demand for oil at 104 million barrels ...
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gas sign

Gas Drops Below $3 in 25 of 50 States

Gasoline may have fallen to $2.923 for an average gallon of regular nationwide, down from $3.219, but a better measure of how far the price has fallen is that it ...
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Railroad Oil Tank Cars

The Driving Force Behind the US Oil Boom

By James Stafford of Oilprice.com The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s ...
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Kinder Morgan pipeline

Natural Gas Inventory Surges in Final Week of Injection Season

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 October 31. That compared with an ...
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Crude Oil Price Ignores Saudi Cuts, Rises 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 500,000 barrels last week, maintaining a total U.S. commercial crude ...
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Will Oil Drop Below $70?

As improbable as it seemed in June when crude prices topped near $100 a barrel, the prices have rapidly fallen to below $76.50. Much of that drop has happened in ...
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