Energy Economy - Page 2

GasStationPump

New Year Brings Higher Gas Prices

The price of gasoline on Tuesday morning was more than six cents higher compared with last week's national average pump price for a gallon of regular gasoline. Compared with the same ...
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fracking

Oil Rig Count Up by 2; Hedge Funds Sit Still at Year’s End

In the week ended December 30, the number of rigs drilling for oil in the United States totaled 525, up by two compared with the prior week and down 11 compared ...
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Gas Can

Largest Buyer of US Gasoline Exports: Mexico

In the month of September, the top destination for U.S. gasoline exports was Mexico, which took 341,000 barrels a day. Number 2 in the ranking was the Dominican Republic, with ...
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Oil Barrels

Crude Oil Price Remains Flat, Waiting for January Cuts to Start

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, one day later than usual due to the Christmas holiday. U.S. commercial crude inventories increased by ...
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Nat Gas Field

Natural Gas Price Wobbles Following Massive Inventory Drawdown

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 237 billion cubic feet for the week ending December 23. Analysts were expecting a ...
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fracking

Oil Rig Count Up by 13; Producers Dropping Hedges as Crude Price Rises

In the week ended December 23, the number of rigs drilling for oil in the United States totaled 523, up by 13 compared with the prior week and down 15 ...
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ThinkstockPhotos-488849483

Natural Gas Price Remains Flat on Lower Expected Demand

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 209 billion cubic feet for the week ending December 16. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Dips on Surprise Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.3 million barrels last week, maintaining a total U.S. commercial ...
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Gas Pump Nozzle

Gas Price Rockets Ahead of Christmas, With Illinois, Florida and Indiana Up Over 20 Cents

Is it the demand for gas as people drive for the holidays, or the soaring price of oil? Whether one or both, the cost per gallon of regular has popped, ...
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fracking

Oil Rig Count Rises by 12, Hedge Funds Continue Dumping Short Positions

In the week ended December 16, the number of rigs drilling for oil in the United States totaled 510, up by 12 compared with the prior week and down by ...
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Nat Gas Field

Natural Gas Price Dips Again After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 147 billion cubic feet for the week ending December 9. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Halves Loss on EIA Inventory Drawdown

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.6 million barrels last week, maintaining a total U.S. commercial ...
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OPEC

OPEC Revises 2017 Forecast: Supply Up, Demand Growth Down

In its Monthly Oil Market Report for November, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket fell to ...
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installing solar panels

Q3 US Solar Installations Set New Record

U.S. consumers, businesses and utilities installed 4,143 megawatts of solar photovoltaic (PV) capacity in the third quarter of this year, a sequential increase of 99% over the second quarter and ...
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Vintage Gas Sign

The Threat of $3 Gas as Oil Moves Toward $60

A few things will need to happen for oil to reach and hold $60 a barrel, as it has started its march in that direction and recently jumped above $54. ...
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