Energy Economy - Page 2

Petrol pump

Gas Prices Drop for Third Straight Week

The price of gasoline on Monday morning was down four cents compared with last week's national average pump price for a gallon of regular gasoline. That's the third consecutive weekly decline, ...
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fracking

Oil Rig Count Jumps by 15, Hedge Funds Going Long and Longer

In the week ended January 27, 2017, the number of rigs drilling for oil in the United States totaled 566, up by a 15 compared with the prior week and ...
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Blue Flame

Natural Gas Price Ticks Higher as Colder Weather Looms

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 119 billion cubic feet for the week ending January 20. Analysts were expecting a storage ...
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Oil Barrels

Crude Oil Price Wobbles on Another Big Increase in Gasoline Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.8 million barrels last week, maintaining a total U.S. commercial ...
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GasStationPump

Gas Prices Slide for Second Straight Week

The price of gasoline on Monday morning is down just over a penny compared with last week's national average pump price for a gallon of regular gasoline. That's the second ...
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fracking drilling

Oil Rig Count Soars by Most in 5 Years, Hedge Funds Stay Long

In the week ended January 20, 2017, the number of rigs drilling for oil in the United States totaled 559, up by a whopping 29 compared with the prior week and ...
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ThinkstockPhotos-488849483

Natural Gas Price Dips on Larger-Than-Expected Inventory Decline

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 243 billion cubic feet for the week ending January 13. Analysts were expecting a ...
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oil rig

Crude Oil Price Strengthens After IEA Reports Much Lower December Production

In its monthly Oil Market Report for December released Thursday morning, the International Energy Agency (IEA) said that global crude supplies decreased by 600,000 barrels per day, primarily due to ...
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OPEC

OPEC Reports 20% Jump in Crude Prices in December

In its Monthly Oil Market Report for December, released Wednesday 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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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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Silhouette of an oil worker using machinery at sunset

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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