Energy Economy

fracking drilling

Average Weekly Gas Prices Drops First Time Since November

Over the period which started eight weeks ago, the price of a gallon of regular gas has marched higher each week. Last week broke the trend According to the AAA ...
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Empty Gas Station

Gas Prices Hover Near $2 In Nine Cities

Gas prices have reached $2.34 for a gallon of regular and are moving higher from $1.93 a year ago. However, in nine cities, the price is barely above $2. All ...
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Oil Rig Count Slips, Hedge Funds Maintain Long Positions

In the week ended January 13, 2017, the number of rigs drilling for oil in the United States totaled 522, down by seven compared with the prior week and up seven compared ...
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Blue Flame

Natural Gas Price Pops on Larger-Than-Expected Inventory Drop

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 151 billion cubic feet for the week ending January 6. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Plunges, Rebounds Following Huge Build in Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4.1 million barrels last week, maintaining a total U.S. commercial ...
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BP Mad Dog

EIA Forecast: Higher Pump Prices, Higher US Production Through 2018

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short-Term Energy Outlook. For the end of December 2016, the EIA estimated an average U.S. pump price ...
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Oil pumps

Crude Oil Price Slides on Iran Sales, Rising US Rig Count

The per-barrel price for West Texas Intermediate (WTI) crude oil slipped by about a dollar in Monday's futures market to around $52.90. A continuing rise in U.S. drilling rigs and ...
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fracking

Oil Rig Count Now Tops Year-Ago Count; Hedge Funds Tread Water on Futures

In the week ended January 6, 2017, the number of rigs drilling for oil in the United States totaled 529, up by four compared with the prior week and up 13 ...
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Oil Barrels

Crude Oil Price Dives on Huge Build in Gasoline, Distillate Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the New Year's Day holiday. U.S. commercial crude inventories ...
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Natural Gas Price Plunges on Low Storage Drawdown

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 49 billion cubic feet for the week ending December 30. Analysts were expecting a ...
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GasStationPump

New Year Brings Higher Gas Prices

The price of gasoline on Tuesday morning was more than six cents higher compared with last week's national average pump price for a gallon of regular gasoline. Compared with the same ...
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fracking

Oil Rig Count Up by 2; Hedge Funds Sit Still at Year’s End

In the week ended December 30, the number of rigs drilling for oil in the United States totaled 525, up by two compared with the prior week and down 11 compared ...
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Gas Can

Largest Buyer of US Gasoline Exports: Mexico

In the month of September, the top destination for U.S. gasoline exports was Mexico, which took 341,000 barrels a day. Number 2 in the ranking was the Dominican Republic, with ...
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Oil Barrels

Crude Oil Price Remains Flat, Waiting for January Cuts to Start

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the Christmas holiday. U.S. commercial crude inventories increased by ...
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Nat Gas Field

Natural Gas Price Wobbles Following Massive Inventory Drawdown

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 237 billion cubic feet for the week ending December 23. Analysts were expecting a ...
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