Energy Economy - Page 2

EIA Forecasts Rising Production, Slightly Higher Pump Prices

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short Term Energy Outlook (STEO). The EIA is forecasting an average U.S. pump price for 2017 ...
Read Full Story »

Lack of Investment Poses Risk of Sharp Increase in Oil Price

At Monday's opening session of CERAWeek, an annual major energy industry conference in Houston, the International Energy Agency (IEA) released its latest medium-term oil market report, indicating strong growth in ...
Read Full Story »

Gas Hits $3 in California

Amid news that gasoline prices will rise in coming weeks, the price of a gallon of regular, on average, has hit $3 in California. The state now has the highest ...
Read Full Story »
Gas Pump Nozzle

Gas Prices Expected to Rise in Next Several Weeks

The price of gasoline on Monday morning was up nearly three cents a gallon compared with last week's national average pump price for regular. Compared with the same day last year, the ...
Read Full Story »
fracking

Oil Rig Count Rises by 7, Hedge Funds Reverse Course, Add Short Positions

In the week ended March 3, 2017, the number of rigs drilling for oil in the United States totaled 609, up by seven compared with the prior week and up 217 compared ...
Read Full Story »
ThinkstockPhotos-488849483

Natural Gas Price Dips Following Unusual Winter Inventory Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 7 billion cubic feet for the week ending February 24. Analysts were expecting a ...
Read Full Story »
Oil Barrels

Crude Oil Inches Up on Inventory Report, Improved Compliance on OPEC Cuts

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.5 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
Pumping Gas

Gas Prices Remain Low Even as Maintenance Slows Refineries

The price of gasoline on Monday morning was down less than one cent compared with last week's national average pump price for a gallon of regular gasoline. Compared with the ...
Read Full Story »
fracking

Oil Rig Count Rises by 5, Hedge Funds at Record Long Futures Positions

In the week ended February 24, 2017, the number of rigs drilling for oil in the United States totaled 602, up by five compared with the prior week and up from a ...
Read Full Story »
Oil Barrels

Crude Oil Price Rises on Modest Addition to Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories increased by 600,000 barrels last week, maintaining a total U.S. commercial crude ...
Read Full Story »
Blue Flame

Natural Gas Price Bounces Higher After Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 89 billion cubic feet for the week ending February 17. Analysts were expecting a ...
Read Full Story »
ThinkstockPhotos-527168125

Cybercrime Rising in the Oil Patch

While reports of hacking attacks on sectors like health care and business are relatively frequent these days, one less obvious target of hackers is the energy sector. In 2016, 68% ...
Read Full Story »
Wind Turbine Technician

Are 3 Million Clean Energy Jobs at Risk?

Clean energy companies support more than 3 million jobs in the United States, according to the recently released second annual U.S. Energy and Employment Report from the U.S. Department of ...
Read Full Story »
ThinkstockPhotos-488849483

Natural Gas Inventory Posts Small Drawdown, Price Slips to YTD Low

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 114 billion cubic feet for the week ending February 10. Analysts were expecting a ...
Read Full Story »
Oil Barrels

Crude Oil Price Dips on Record Inventory Levels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 9.5 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »