Energy Economy - Page 2

Oil Rig Count Drops by 1, Total Rigs Now Up 424 Year Over Year

In the week ended September 22, 2017, the number of rigs drilling for oil in the United States totaled 744, down by five compared with the prior week and up ...
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OPEC Meeting Ends With No Extension to Production Cuts

The Organization of the Petroleum Exporting Countries (OPEC) ended its meeting in Vienna Friday by noting that the cartel and its oil-producing partners have been successful in draining 170 million ...
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Natural Gas Price Drops After Big Storage Addition

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 97 billion cubic feet for the week ending September 15. Analysts were expecting a ...
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Crude Oil Price Crumbles as Inventory Surges

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 4.6 million barrels last week, maintaining a total ...
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Oil Rig Count Drops by 7, Total Rigs Now Up 430 Year Over Year

In the week ended September 15, 2017, the number of rigs drilling for oil in the United States totaled 749, down by seven compared with the prior week and up ...
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Coal Faces a Gassy Death in the US

By the middle of the next decade, it will be cheaper to build a new combined-cycle, gas turbine natural gas-fired power plant than to operate 78% of currently existing coal-fired ...
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Natural Gas Price Dip on Large Addition to Storage

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 91 billion cubic feet for the week ending September 8. Analysts were expecting a ...
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Crude Oil Price Ticks Up Following EIA Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 5.9 million barrels last week, maintaining a total ...
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Crude Oil Finally Dropped in August: IEA

In its monthly Oil Market Report for September released Wednesday morning, the International Energy Agency (IEA) said that global crude supplies fell by 720,000 barrels per day in August, the ...
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More Than 50% of Gas Stations Without Fuel in Florida Metro Areas After Irma

More than 50% of the gas stations in seven metropolitan areas in Florida were without fuel, according to data published Tuesday from GasBuddy, a consequence of the disruptive force of ...
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Florida Gas Prices Top $2.70

Gas prices in certain areas of Florida have surged above $2.70 for an average gallon of regular. At some stations, the prices are much higher. Although local officials have taken ...
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Oil Rig Count Drops by 3, Total Rigs Now Up 436 Year Over Year

In the week ended September 8, 2017, the number of rigs drilling for oil in the United States totaled 756, down by three compared with the prior week and up ...
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Crude Oil Price Barely Blinks Following EIA Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories increased by 4.6 million barrels last week, maintaining a total ...
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Natural Gas Price Flat After Addition to Storage

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 65 billion cubic feet for the week ending September 1. Analysts surveyed by S&P ...
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Texas Oil & Gas Industry Recovering From Harvey

As water levels drop in the areas hardest hit by tropical storm Harvey, the focus has turned to the hundreds of thousands of people affected by the storm who require ...
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