Energy Economy

US Oil Rig Count Falls by 2, November Delivery Price Moves Higher

In the week ending September 21, 2018, the number of land rigs drilling for oil in the United States totaled 866, a one fewer than in the previous week and ...
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Crude Oil Price Steady Following Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 2.1 million barrels last week, maintaining a total ...
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US Shale Oil Production to Rise by 79,000 Barrels a Day in October

Between September of 2017 and September of 2018, U.S. crude oil production from seven major shale regions is forecast to have risen by 1.7 million barrels of oil per day ...
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US Gas Price Ticks Higher Again, but Lower Prices Seen Ahead

The average U.S. price for a gallon of regular gasoline rose by half a cent in the past week, to start this week off at a price of $2.84, according ...
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US Oil Rig Count Rises by 7, Prices on Track for Small Weekly Gain

In the week ending September 14, 2018, the number of land rigs drilling for oil in the United States totaled 867, a gain of seven compared to the previous week ...
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Natural Gas Price Moves Higher Briefly After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles increased by 69 billion cubic feet for the week ending August 31. Analysts were expecting a ...
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No Widespread Gas Price Hikes Forecast Due to Hurricane Florence

As residents of Virginia, the Carolinas and Georgia prepare for or seek to escape from the onslaught of Hurricane Florence, gasoline pump prices are not expected to experience widespread increases. ...
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America Becomes World’s Largest Oil Producer

According to the U.S. Energy Information Administration (EIA), America almost certainly has become the world's largest oil-producing nation. The report does not show whether the development will help keep global ...
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Major Threats May Drive Oil Prices Higher

The supply of crude oil worldwide is extremely high, but that could end quickly. The International Energy Agency reports that disruption in supply could press crude to the $70 to ...
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How the September Beige Book Looks for the Oil, Gas and Energy Sector

When investors and economists hear about a Beige Book release it is rarely a report that generates serious excitement. That said, there is almost always important information about the national ...
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Crude Oil Price Holds Gains as Gasoline, Diesel Inventory Gains Outweigh Crude Decline

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories decreased by 5.3 million barrels last week, maintaining a total ...
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OPEC Raised Oil Production Again in August, Saudis Added 124,000 Barrels

In its Monthly Oil Market Report for September, released Wednesday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket fell ...
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US Gasoline Price on Course to Rise More in 2019

The U.S. Energy Information Administration (EIA) on Tuesday released its Short-Term Energy Outlook (STEO) for August EIA forecasting that the average price retail price for a gallon of regular gasoline ...
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US Gas Price Ticks Higher but Should Begin Seasonal Decline Soon

The average U.S. price for a gallon of regular gasoline rose by 1.6 cents in the past week, to start this week off at a price of $2.84, according to ...
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US Oil Rig Count Remains Flat, Prices on Track for 3.5% Loss for the Week

In the week ending September 7, 2018, the number of land rigs drilling for oil in the United States totaled 860, two less than a week ago and up by ...
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