Energy Economy

Oil drilling rig

US May Become a Net Exporter of Energy by the End of the Decade

In its Annual Energy Outlook 2015 published on Tuesday, the U.S. Energy Information Administration (EIA) projected the country’s energy demand and supply out to 2040. Perhaps the key projection is ...
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Blue flames of gas stove

Natural Gas Price Falls on Large Inventory Addition

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 63 billion cubic feet for the week ending April 10. Analysts expected a storage ...
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Gas Can

Gas Moves Back Toward $3

Gasoline prices, based on the average for a gallon of regular, were $3.67 nationwide a year ago. In some parts of the country, including California, the price was closer to ...
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153715598

Crude Oil Price Jumps Following Light Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total U.S. commercial ...
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Drilling Rig

US Crude Oil Production Begins to Fall

Earlier this week, the U.S. Energy Information Administration released its drilling productivity report for the month of April. The agency forecast a drop in production of 57,000 barrels of oil ...
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Railroad Oil Tank Cars

IEA Expects Oil Demand Will Rise

In another piece of news that could drive up oil prices, the International Energy Agency (IEA) revised its forecast for oil demand, and the revision calls for demand to go higher. ...
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Flag of OPEC

OPEC Attacks Oil Industry for Loss of 100,000 Jobs

The Organization of the Petroleum Exporting Countries (OPEC) says that unbridled competition within the oil industry has cost 100,000 jobs. However, that figure is not one OPEC has cited based ...
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Oil drilling rig

Hedge Funds Add to Long Positions as Oil Rig Count Drops by 42

In the week ended April 10, the number of rigs drilling for oil in the United States totaled 760, compared with 802 in the prior week and 1,517 a year ...
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oil storage terminal

More Carnage in Oil and Gas Sector Jobs and Spending, but Looking Less Bad

The Federal Reserve Bank of Kansas City might not be the first place that oil and gas industry watchers think of for evaluating oil and gas trends in hiring and ...
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186723229

US Has 690 Million Barrels in Petroleum Reserve

As global oil supply continues to swell, and may do so even more if sanctions against Iran are lifted, it is worth recalling that the United States has over 690 ...
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Blue flames of a gas stove

Natural Gas Price Touches 52-Week Low as Stockpiles Rise

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 15 billion cubic feet for the week ending April 3. Analysts expected a storage ...
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153715598

Crude Oil Price Sinks on Huge Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 10.9 million barrels last week, maintaining a total U.S. commercial ...
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two dollars

Gas Prices Head Back Toward $2

The Energy Information Administration (EIA) issued a report suggesting gasoline prices will remain low through the summer months. The forecast of average gas prices was low enough that some portions ...
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Los Angeles

US Summer Gasoline Prices Projected at 11-Year Low

The U.S. Energy Information Administration (EIA) released its latest update to the Short-Term Energy Outlook on Tuesday morning, and the latest revisions to the agency’s estimates spell good news for ...
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Blue flames of a gas stove

Natural Gas Price Jumps on Demand Hike

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 18 billion cubic feet for the week ending March 27. Analysts expected a drawdown ...
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