Energy Economy

US Oil Rig Count Down 5, Crude Price Set to Post Small Weekly Loss

In the week ending July 20, 2018, the number of land rigs drilling for oil in the United States totaled 858, down by five compared to the previous week and ...
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How Trump Is Trying to Lower Crude Oil Prices

In an interview Thursday, President Trump allowed that he was "not thrilled" about the Federal Reserve's continuing interest rate hikes. He argued that raising rates strengthens the dollar and that ...
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Natural Gas Price Rises Following Small Inventory Gain

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 46 billion cubic feet for the week ending July 13. Analysts were expecting a ...
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Crude Oil Price Dips Again on Unexpected Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 5.8 million barrels last week, maintaining a total ...
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Intercontinental Exchange to Launch WTI Futures Contract for Houston Delivery

The Intercontinental Exchange Inc. (NYSE: ICE) announced plans Tuesday to launch a Permian West Texas Intermediate (WTI) crude oil futures contract with delivery in Houston. The contract is expected to ...
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US Gas Price Ticked Higher This Week

The average U.S. price for a gallon of regular gasoline added a penny last week to start the new week at $2.875 according to the latest data from GasBuddy. That ...
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US Oil Rig Count Unchanged, Prices Set to Close Down This Week

In the week ending July 13, 2018, the number of land rigs drilling for oil in the United States totaled 863, unchanged compared to the previous week and up by ...
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Gas Prices in Largest States Move Above $3

The average price of a gallon of regular gasoline nationwide is just below $2.90. However, this does not show the extent to which $3 gas prices have spread. Most of ...
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Natural Gas Price Ticks Down on Smaller Inventory Gain

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 51 billion cubic feet for the week ending July 6. Analysts were expecting a ...
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Oil Supplies ‘Stretched to the Limit’ Threaten Global Economy

The International Energy Agency (IEA) released its new reports on global oil supply and demand. It said that supply will be "stretched to the limit" due to a large extent ...
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Crude Oil Price Dips Following Massive Drop in Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by a whopping 12.6 million barrels last week, maintaining ...
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Why Germany Can’t Buy Natural Gas From the US

True to form, President Trump, kicked off Wednesday's NATO summit by tossing a grenade. This one was in German Chancellor Angela Merkel's direction and aimed at the country's dependency on ...
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US Gas Price Rises for First Time in Over a Month

The average U.S. price for a gallon of regular gasoline added a penny last week to start the new week at $2.86 according to the latest data from GasBuddy. Pump ...
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Investment in Solar Energy Looks to Fall in 2018

Falling prices and a drop in Chinese investment are on track to reduce year-over-year spending on new solar energy projects, according to Bloomberg NEF (BNEF). In the first six months ...
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US Oil Rig Count Up for First Time in 3 Weeks, Prices Rise 1%

In the week ending July 6, 2018, the number of land rigs drilling for oil in the United States totaled 863, five more compared to the previous week and up ...
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