Energy Economy - Page 2

Crude Oil Prices Cut Gains Following Surprise Inventory Buildup

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.6 million barrels last week, maintaining a total U.S. commercial ...
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Gas Prices Higher in 46 States This Week

The price of gasoline on Monday morning was higher by 4.2 cents a gallon compared with last week's national average pump price for regular gasoline. Compared with the same day ...
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Trump May Not Be Able to Save Coal, but China Might

Following President Trump's executive order last week rolling back several Obama administration climate rules, Secretary of the Interior Ryan Zinke lifted a ban on new coal-mining leases on federal land. ...
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Gas Price Drop Below $2 in Parts of South Carolina

Gas prices in South Carolina are often the lowest among the 50 states, based on the average price for a gallon of regular. In some parts of the state, the ...
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Natural Gas Price Steady Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 43 billion cubic feet for the week ending March 24. Analysts surveyed by S&P ...
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Will US Energy Production Growth Stifle OPEC-Led Cuts?

Oil and gas production are rising at an "accelerating rate," according to a survey released on Wednesday by the Federal Reserve Bank of Dallas, which includes all of Texas, the ...
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Americans Pay More for Gas When It Is Cheap

U.S. drivers could save more than $60 a month on gasoline by shopping around. That is especially true during periods, like now, when pump prices are relatively low. This seeming ...
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Crude Oil Prices Bounces Higher Following Big Drop in Gasoline Supply

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 900,000 barrels last week, maintaining a total U.S. commercial crude ...
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Oil Companies Will Bear Brunt of Border Adjustment Tax

While it's not known what shape the Trump administration's promised tax cuts will take, one of the more prominent changes being discussed is a so-called border adjustment tax, which would ...
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National Gas Price Drops for Third Straight Week: 40 States Post Lower Prices

Gasoline prices have fallen for a third straight week, down to $2.28 per gallon for regular nationwide. Weak gas demand, rising crude oil inventories and high refinery capacity were major ...
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Oil Rig Count Rises by 21, Hedge Funds Net Short 100 Million Barrels in Past 2 Weeks

In the week ended March 24, 2017, the number of rigs drilling for oil in the United States totaled 652, up by 21 compared with the prior week and 280 ...
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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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