Energy Economy

Crude Oil Price Bounces Higher as Inventory Dips

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 3.3 million barrels last week, maintaining a total ...
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How Vulnerable Is the US Electricity Grid to a Cyberattack?

The President's National Infrastructure Advisory Council (NIAC) on Tuesday released its report on the threat of cyberattacks on the nation's critical infrastructure. That infrastructure includes the U.S. electricity, finance and ...
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Price of Gasoline Pulls Back in 40 States as Peak Driving Season Winds Down

Average gasoline prices in the United States slipped last week, declining 2 cents a gallon to $2.32 as oil prices failed to return above the $50 a barrel level, according ...
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Oil Rig Count Slips by 5, Total Now Up 455 Year Over Year

In the week ended August 18, 2017, the number of rigs drilling for oil in the United States totaled 763, down by five compared with the prior week and up ...
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Natural Gas Price Rises on Larger-Than-Expected Storage Injection

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 53 billion cubic feet for the week ending August 11. Analysts were expecting a ...
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Crude Oil Price Flat After Inventory Decline on Strong Export Volume

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 8.9 million barrels last week, maintaining a total ...
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EIA: Shale Patch Production to Climb 117,000 Barrels a Day in September

The U.S. Energy Information Administration (EIA) on Monday released its August report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
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Why US Gas Prices Are on the Decline

U.S. gasoline prices reached a two-month peak of $2.361 last week and have been drifting lower to average $2.35 a gallon for regular fuel Monday morning. Crude oil prices remained ...
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Solar Energy Battle Kicks Off in Earnest on Tuesday

The U.S. International Trade Committee (USITC) is scheduled to hold a hearing Tuesday morning on a trade case brought by two U.S. solar module makers, Suniva and SolarWorld, seeking a ...
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Oil Rig Count Up by 3, Total Now Up 468 Year Over Year

In the week ended August 11, 2017, the number of rigs drilling for oil in the United States totaled 768, up by three compared with the prior week and up ...
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Crude Oil Production Soared Again in July: IEA

In its monthly Oil Market Report for August released Friday morning, the International Energy Agency (IEA) said that global crude supplies rose by 520,000 barrels per day in July, the ...
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Natural Gas Price Rises on Lower-Than-Expected Storage Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 28 billion cubic feet for the week ending August 4. Analysts were expecting a ...
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OPEC Reports Higher Output and Higher Prices for July

In its Monthly Oil Market Report for August, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket rose to ...
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Crude Oil Price Bounces Down, Then Back, on Mixed Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 6.5 million barrels last week, maintaining a total ...
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Venezuela by the Numbers: Economy and Demographics

According to the International Monetary Fund's (IMF) World Economic Outlook published in April, Venezuela's gross domestic product (GDP) declined by 18% year over year in 2016. That was the worst ...
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