Energy Economy - Page 2

Oil Rig Count Drops by 1, Total Now Up 490 Year Over Year

In the week ended August 4, 2017, the number of rigs drilling for oil in the United States totaled 765, down by one compared with the prior week and up ...
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Why You Are Paying 50 Cents a Gallon More for Premium Gas

Looking back over the period between 1995 and about 2015, the difference in the pump price for a gallon of regular gas and a gallon of premium was about 20 ...
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Natural Gas Price Hampered by Expected Inventory Drawdown

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 20 billion cubic feet for the week ending July 28. Analysts were expecting a ...
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Crude Oil Price Slips on Small Change to Inventory Levels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 1.5 million barrels last week, maintaining a total ...
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Gas Prices Spike Up on Venezuela Anxiety and High Oil Supply

Falling inventories, stable rig counts and now a potential crisis in Venezuela all combined last week to push up gasoline prices across much of the United States. As of Monday ...
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Oil Rig Count Rises by 2, Total Now Up 495 Year Over Year

In the week ended July 28, 2017, the number of rigs drilling for oil in the United States totaled 766, up by two compared with the prior week and up ...
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Natural Gas Price Rise Slightly on Small Inventory Build

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 17 billion cubic feet for the week ending July 21. Analysts surveyed by S&P ...
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Drivers Pay Extra to Fill Up in Wrong States

The number of U.S. summer travelers planning a trip of more than 500 miles this year is expected to set a new record. Most of those travelers will be crossing ...
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Crude Oil Price Rises as Inventory Plunges

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories dropped by 7.2 million barrels last week, maintaining a total ...
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Gasoline Prices Climbing, but Price Spike Unlikely to Be Sustained

Gasoline prices are rising along with summer temperatures, as the price of fuel rose two cents to $2.28 per gallon Monday, according to gas-price website GasBuddy. Motorists in 42 states ...
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Saudi Arabia Takes Brunt of New OPEC Restrictions

It's no secret that the production cuts initiated in January by the Organization of Petroleum Exporting Countries (OPEC), Russia and their allies have done little to raise the price of crude ...
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Oil Rig Count Up by 393 From Year Ago; Crude Oil Price Inches Higher

The number of rigs drilling for oil in the United States in the week ended July 21 totaled 764, up by 393 from a year ago. Including 186 other rigs ...
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Natural Gas Price Ticks Down Following Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 28 billion cubic feet for the week ending July 14. Analysts surveyed by S&P ...
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U.S. Gas Prices Could Top 2017 High by End of Summer

The national average price for a gallon of regular gasoline Thursday morning is $2.28 a gallon, but that price could rise by more than 10 cents a gallon by the ...
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Crude Oil Price Hops Higher on Big Inventory Drop

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 4.7 million barrels last week, maintaining a total ...
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