Energy Economy

Blue flames of a gas stove

Natural Gas Inventory Posts Another Weekly Gain, Prices Remain Low

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 90 billion cubic feet for the week ending July 18. Natural gas futures prices ...
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Gasoline Prices Stay Low Even as Crude Supply Falls

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4 million barrels last week, maintaining a total U.S. commercial ...
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Blue flames of gas stove

Natural Gas Inventory Gain Grows, but Still Way Behind Averages

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 107 billion cubic feet for the week ending July 11, compared with an expected ...
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Gasoline Prices Drop Below Last Year’s Level as Crude Supply Falls

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 7.5 million barrels last week, maintaining a total U.S. commercial ...
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Drilling Rig

Looking for the Next Oil Boom? Follow the Tech

By James Stafford of Oilprice.com Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin ...
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refilling the car

Gasoline Prices Hit 3-Month Low, Fall Below $3.50 in 13 States

Monday’s national average price for a gallon of gas fell to $3.614, down from $3.617 on Sunday and $3.655 a week ago. The 4-cent drop pushed prices to their lowest ...
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oil rig and tanker

IEA Reports Global Oil Demand to Rise

An improving global economic forecast for 2015 has led to projected demand growth for crude oil of 1.4 million barrels a day. That was up from estimated growth of 1.2 ...
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Blue flames of a gas stove

Natural Gas Inventory Increases Slow Down

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 93 billion cubic feet for the week ending July 4. That compared with an ...
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Oil spill

These Are the 5 Countries Most Plagued by Oil Theft

By Chris Dalby of Oilprice.com Nigeria As much as 400,000 barrels of oil a day are stolen in Nigeria. This equates to losses of $1.7 billion a month for Africa's ...
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Gasoline and Crude Oil Prices Falling as Refiners Increase Output

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.4 million barrels last week, maintaining a total U.S. commercial ...
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refilling the car

Gas Prices Drop Below $3.50 in 11 States

If analysts need any early signals that the drop in oil prices has begun to affect gasoline prices, it is the fall off in the cost of an average gallon ...
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gas sign

EIA Forecasts Higher Gasoline Prices in 2014

The July forecast from the U.S. Energy Information Administration (EIA) calls for the price of a gallon of gasoline to fall from a second-quarter average of $3.68 to an average ...
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Blue flames of gas stove

Natural Gas Inventory Rises for Eighth Straight Week

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 100 billion cubic feet for the week ending June 27. That compared with an ...
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Fuel pump in fuel tank

Gas Prices Rise Above $4 in Several States

The AAA forecasts that gasoline prices over the July 4th holiday will be the highest since 2008. Hurricane Arthur, creeping up the East Coast, may drive them even higher in ...
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Crude Oil, Gasoline Inventories Down Sharply as Holiday Weekend Nears

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 3.2 million barrels last week, maintaining a total U.S. commercial ...
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