Energy Economy

fracking

Oil Rig Count Rises by 5, Hedge Funds at Record Long Futures Positions

In the week ended February 24, 2017, the number of rigs drilling for oil in the United States totaled 602, up by five compared with the prior week and up from a ...
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Oil Barrels

Crude Oil Price Rises on Modest Addition to Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories increased by 600,000 barrels last week, maintaining a total U.S. commercial crude ...
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Blue Flame

Natural Gas Price Bounces Higher After Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 89 billion cubic feet for the week ending February 17. Analysts were expecting a ...
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ThinkstockPhotos-527168125

Cybercrime Rising in the Oil Patch

While reports of hacking attacks on sectors like health care and business are relatively frequent these days, one less obvious target of hackers is the energy sector. In 2016, 68% ...
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Wind Turbine Technician

Are 3 Million Clean Energy Jobs at Risk?

Clean energy companies support more than 3 million jobs in the United States, according to the recently released second annual U.S. Energy and Employment Report from the U.S. Department of ...
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ThinkstockPhotos-488849483

Natural Gas Inventory Posts Small Drawdown, Price Slips to YTD Low

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 114 billion cubic feet for the week ending February 10. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Dips on Record Inventory Levels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 9.5 million barrels last week, maintaining a total U.S. commercial ...
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Pumping Gas

Gas Prices Set to Rise

The price of gasoline on Monday morning was up 2.1 cents compared with last week's national average pump price for a gallon of regular gasoline. Compared with the same day ...
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fracking drilling

EIA: Drilling Productivity to Climb 80,000 Barrels a Day in March

The U.S. Energy Information Administration (EIA) on Monday released its February report on drilling productivity in seven key oil and gas producing regions of the U.S. Overall oil production is ...
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oil tanker

Oil Rig Count Rises by 8, Hedge Funds Went Net Short Last Week

In the week ended February 10, 2017, the number of rigs drilling for oil in the United States totaled 591, up by eight compared with the prior week and up 152 compared ...
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OECD

IEA Oil Market Reports Pushes Crude Prices Higher

In its monthly Oil Market Report for January released Friday morning, the International Energy Agency (IEA) said that global crude supplies plummeted by 1.5 million barrels per day, primarily due to ...
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Blue Flame

Natural Gas Inventory Remains Above 5-Year Average

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 152 billion cubic feet for the week ending February 3. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Tumbled Early on Massive Addition to US Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 13.8 million barrels last week, maintaining a total U.S. commercial ...
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falling oil prices

Crude Oil Drops 2% Ahead of Storage Report

A barrel of West Texas Intermediate (WTI) crude oil for March delivery fell to below $52 on the NYMEX Exchange Tuesday morning. Following four consecutive weeks of relatively large additions ...
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hundred dollar bill

Crude Oil Prices: $70 Is the New $100

When Saudi Arabia persuaded its fellow OPEC members in December 2014 to produce more oil as a response to the falling price of crude, the idea was to drive out ...
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