Energy Economy

Kiev

Lies and Deception in Ukraine’s Energy Sector

By Robert Bensh for Oilprice.com The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite ...
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153715598

Crude Oil Inventory Jumps by 9 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.9 million barrels last week, maintaining a total U.S. commercial ...
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oil rig and tanker

U.S. Releases Draft Strategy for Offshore Drilling

While the low price of crude oil is threatening to shut down a fair amount of onshore drilling in the U.S., the Department of the Interior’s Bureau of Ocean Energy ...
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Oil Tanker

Oil Prices Changing the Face of Global Geopolitics

By Andrew Topf for Oilprice.com In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily ...
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crude oil prices

The Case for $200 Oil

The secretary-general of the Organization of Petroleum-Exporting Countries (OPEC) said Monday that if producers fail to invest in developing new supplies, crude oil prices could rise as high as $200 ...
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Texas Capitol

More Evidence That Low Oil Is Hurting Texas Businesses

Cheap oil acts as a pay raise for many consumers in the nation. It also acts as a serious drag on the local, state and regional economies where the oil ...
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Arab oil

Saudi Arabia Exports 20% of the World’s Oil

On any given day in 2013, nearly 40 million barrels of crude oil were being exported from a producing country to a consuming country. That represented about 44% of the ...
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Gasoline pump

5 States Still Have High Gas Prices

While the average cost of a gallon of regular gasoline in the United States has tumbled to $2.037 as of Saturday, there are still five states where the cost of ...
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153715598

Crude Oil Inventory Soars by 10 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories increased by a whopping 10.1 million barrels last week, maintaining a total ...
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Blue flames of gas stove

Natural Gas Price Slips as Warmer Winter Cuts Demand

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 216 billion cubic feet for the week ending January 16, compared with an expected ...
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ada1344

Crushing the US Energy Export Dream

By Arthur E. Berman for Oilprice.com Exporting crude oil and natural gas from the United States are among the dumbest energy ideas of all time. Exporting gas is dumb. Exporting ...
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124668669

J.P. Morgan Slashes Crude Price Forecast to $49 a Barrel

Analysts at JPMorgan Chase & Co. (NYSE: JPM) have joined the herd of energy market players that have slashed forecasts for oil prices in 2015. In a Monday note, the ...
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Oil drilling rig

US Drilling Rig Count Falls by 74 in Past Week

The number of drilling rigs working in the United States as of last Friday totaled 1,676, down by 74 from the previous week’s total. The week ending January 16 saw ...
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oil-jack-pumps

The Only State With $3 Gas

The average price for a gallon of regular gasoline in the United States is $2.07, down from $3.30 a year ago. The state with the lowest gas price is Missouri ...
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2002_Ruble

Moody’s Cuts Russia Toward Junk

One more downgrade, and Russia's government bond rating will be junk. The trend is moving rapidly in that direction, as Moody's lowered its rating one slot to Baa3. The credit agent's ...
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