Energy Economy

Natural Gas Price Holds Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 150 billion cubic feet for the week ending March 17. Analysts were expecting a ...
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Crude Oil Prices Tumble on Another Big Inventory Addition

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5 million barrels last week, maintaining a total U.S. commercial ...
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Gas Prices Decline for a Second Straight Week

The price of gasoline on Monday morning fell by about a penny a gallon compared with last week's national average pump price for regular gasoline. Compared with the same day ...
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Oil Rig Count Rises by 14, Hedge Funds Pile Into Short Positions

In the week ended March 17, 2017, the number of rigs drilling for oil in the United States totaled 631, up by 14 compared with the prior week and up ...
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Natural Gas Price Dips on Smaller-Than-Expected Storage Draw

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 53 billion cubic feet for the week ending March 10. Analysts were expecting a ...
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Crude Oil Prices Hold Gains After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 200,000 barrels last week, maintaining a total U.S. commercial crude ...
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OPEC Reports 2% Rise in Crude Prices Last Month; Saudi Production Rises Too

In its Monthly Oil Market Report for March, released Tuesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket rose to ...
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Oil Price Plunge Leads to Falling Gas Prices

The price of gasoline on Monday morning fell by about two cents a gallon compared with last week's national average pump price for regular gasoline. Compared with the same day last ...
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Oil Rig Count Rises by 8, Hedge Funds Now Wary of Massive Long Positions

In the week ended March 10, 2017, the number of rigs drilling for oil in the United States totaled 617, up by eight compared with the prior week and up 231 ...
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2016 US Solar Installation Doubles Prior Year Total

In 2016, the U.S. solar energy market installed 14,762 megawatts, up from 7,501 megawatts installed in 2015. More new solar generation capacity came online in 2016 than capacity from any ...
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Natural Gas Price Bounces Following Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 68 billion cubic feet for the week ending March 3. Analysts were expecting a ...
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Crude Oil Prices Remain Lower After Massive Inventory Addition

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.2 million barrels last week, maintaining a total U.S. commercial crude ...
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EIA Forecasts Rising Production, Slightly Higher 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 ...
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Lack of Investment Poses Risk of Sharp Increase in Oil Price

At Monday's opening session of CERAWeek, an annual major energy industry conference in Houston, the International Energy Agency (IEA) released its latest medium-term oil market report, indicating strong growth in ...
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Gas Hits $3 in California

Amid news that gasoline prices will rise in coming weeks, the price of a gallon of regular, on average, has hit $3 in California. The state now has the highest ...
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