Energy Economy

Gas Prices Drop to $2 in Some Parts of US

In several states, gasoline prices have dropped close to $2 for an average gallon of regular. And in some areas of these states, the price is already below that level. ...
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Natural Gas Price Dips Following Large Storage Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 75 billion cubic feet for the week ending May 19. Analysts were expecting a ...
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Crude Oil Prices Dip as Inventories Shrink

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.4 million barrels last week, maintaining a total U.S. commercial ...
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Renewable Energy Supports 9.8 Million Jobs Worldwide

According to the International Renewable Energy Agency's "Renewable Energy and Jobs – Annual Review 2017," the industry supports 9.8 million jobs worldwide. The number seems small based on the breadth ...
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A Quick Look at the Strategic Petroleum Reserve

President Donald Trump’s plan to sell off half of America’s oil reserves sent oil prices lower Tuesday, as investors fear a future glut of the commodity on the market. The ...
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Memorial Day Traveler Numbers Rise as Gas Prices Remain Low

The Memorial Day holiday weekend traditionally marks the beginning of the summer driving season, and if projections are accurate, this year will see more travelers on the road than last ...
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Crude Oil Prices Rise on Falling Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1.8 million barrels last week, maintaining a total U.S. commercial ...
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IEA Oil Market Report Sees Bumpy Road to Rebalancing

In its monthly Oil Market Report for May released Tuesday morning, the International Energy Agency (IEA) said that global crude supplies fell by 144,000 barrels per day in April, primarily ...
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Oil Surges Back Toward $50

Members of the Organization of Petroleum Exporting Countries (OPEC) and Russia may have made a deal to extend production cuts in hopes of reducing the world's oil stockpiles. In theory, this should ...
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OPEC, Russia Want Longer Period of Production Cuts

The whole idea behind the crude oil production cuts initiated by the Organization of the Petroleum Exporting Countries (OPEC) and its 11 non-member partners, including Russia, was to slice 1.8 ...
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Natural Gas Price Rises as Storage Growth Slowed

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 45 billion cubic feet for the week ending May 5. Analysts were expecting a ...
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Crude Oil Prices Move Higher on Oil, Gasoline Inventory Declines

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 5.2 million barrels last week, maintaining a total U.S. commercial ...
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EIA Forecasts Rising Production, Moderating Pump Prices

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short-Term Energy Outlook (STEO). The EIA is forecasting an average U.S. pump price for 2017 of ...
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Gas Prices Dip Below $2 in Some Cities

The price for an average gallon of regular has dropped below $2 in some parts of the United States. In other areas, the price is barely a few pennies higher. ...
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Why Oil Could Drop to $40 a Barrel

The six-month production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its non-OPEC partners boosted the price of crude oil by about $10 a barrel to ...
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