Energy Economy - Page 2

Qatar Terrorism Accusations Threaten Low Oil Prices

Qatar has been cut off on a diplomatic, and in some cases physical, basis by its Arab neighbors who believe the country is a harbor for terrorist activities. Oil prices ...
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Pump Prices Remain Low as Refineries Soak Up US Crude Oil Inventories

When the U.S. Energy Information Administration (EIA) released its report on U.S. crude oil inventories Thursday, the agency noted a 6.4 million barrel week-over-week decline in crude oil and a ...
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Oil & Gas, Banks, Coal, Industrial and Power Companies That Want the US to Stay in Paris Climate Accord

With reports that President Donald Trump is leaning toward pulling the United States out of the Paris climate accord, it has been unsurprising that many industries and leaders have come ...
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Crude Oil Prices Jumps to $49 Following Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories decreased by 6.4 million barrels last week, maintaining a total U.S. commercial ...
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Natural Gas Price Dips on Larger-Than-Expected Inventory Rise

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 81 billion cubic feet for the week ending May 26. Analysts were expecting a ...
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Crude Prices Tumble Ahead of US Inventory Report

The price for a barrel of West Texas Intermediate (WTI) crude oil for July delivery tumbled more than 3.7% Wednesday morning to a low of $47.79, a four-week low. The ...
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OPEC Oil Production Cuts vs US Production Growth a Stalemate?

The announcement that the Organization of the Petroleum Exporting Countries (OPEC) and its 11 partners are extending their 1.6 million barrel per day production cuts through the first quarter of ...
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Gas Prices Drop to $2 in Some Parts of US

In several states, gasoline prices have dropped close to $2 for an average gallon of regular. And in some areas of these states, the price is already below that level. ...
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Natural Gas Price Dips Following Large Storage Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 75 billion cubic feet for the week ending May 19. Analysts were expecting a ...
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Crude Oil Prices Dip as Inventories Shrink

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.4 million barrels last week, maintaining a total U.S. commercial ...
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Renewable Energy Supports 9.8 Million Jobs Worldwide

According to the International Renewable Energy Agency's "Renewable Energy and Jobs – Annual Review 2017," the industry supports 9.8 million jobs worldwide. The number seems small based on the breadth ...
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A Quick Look at the Strategic Petroleum Reserve

President Donald Trump’s plan to sell off half of America’s oil reserves sent oil prices lower Tuesday, as investors fear a future glut of the commodity on the market. The ...
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Memorial Day Traveler Numbers Rise as Gas Prices Remain Low

The Memorial Day holiday weekend traditionally marks the beginning of the summer driving season, and if projections are accurate, this year will see more travelers on the road than last ...
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Crude Oil Prices Rise on Falling Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1.8 million barrels last week, maintaining a total U.S. commercial ...
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IEA Oil Market Report Sees Bumpy Road to Rebalancing

In its monthly Oil Market Report for May released Tuesday morning, the International Energy Agency (IEA) said that global crude supplies fell by 144,000 barrels per day in April, primarily ...
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