Energy Economy

OPEC+ Agrees to Cut Another 500,000 Barrels of Production

As expected, OPEC and its non-member partners (OPEC+) announced Friday that the group will reduce its production target by an additional 500,000 barrels a day, bringing total cuts down by ...
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Saudi Arabia, Russia to Propose Slashing Oil Production Cuts by Another 42% 

The Wall Street Journal reported Thursday morning that a select committee of OPEC members, including representatives of Saudi Arabia and Russia, will recommend that the cartel and its partners, collectively ...
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What to Expect From Thursday’s OPEC Ministers Meeting

When oil ministers from OPEC oil producers begin their meeting on Thursday, analysts and traders will be looking for an extension of the cartel's current production cuts, or even better, ...
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Gas Price Drops Are Tapering Off, Trending Higher Compared to Last Year

The national average price for a gallon of regular gasoline decreased by 0.6 cents last week to $2.58, according to industry analysts at GasBuddy. The drop marks the fourth consecutive ...
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New Light Vehicle Sales of Gas-Powered Vehicles Hit a Peak–in 2016

A recent study published by Third Way, a national think tank that "champions modern center-left ideas," suggests that sales of new light vehicles (passenger cars, pickups, and SUVs/crossovers) powered by ...
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Lower Gas Prices Give Millions Another Reason To Be Thankful

The national average price for a gallon of regular gas decreased by 2.2 cents per gallon last week to reach $2.58 according to industry analysts at GasBuddy. The drop marks ...
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Carbon Capture Technology Worse Than Doing Nothing to Halt Emissions

One of the best features of technology is its promise to solve a problem without forcing any change in how people behave. One such technology, called carbon capture, was touted ...
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A New Problem for Clean Energy: Dealing With Old Windmill Blades

If you live in a state where wind power is generating an increasing share of electricity, you've probably passed a windmill blade being towed down the highway and assumed that ...
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OPEC Maintains Forecasts as Crude Prices Remain Subdued

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components fall by 3.9% in October to $59.91 a barrel, following a ...
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Global Greenhouse Gas Emissions Won’t Peak Until After 2040

Worldwide demand for energy will continue to increase by 1% a year for the next 20 years. More than half of that demand growth will be met by expanding renewable ...
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Rhode Island Rejects New Natural Gas-Fired Power Plant

A proposed 850 to 1,000 megawatt (MW) natural gas-fired power plant was denied a siting permit Tuesday following a four-year process that may still not be over. The proposed Clear ...
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US Shale Oil Production Headed for a Fall

Total U.S. crude oil production reached a 20-year low of around 3.8 million barrels a day in August of 2005. As of last week, U.S. production has totaled 12.6 million ...
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Crude Price Gives Up Gains After Large Stockpile Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories jumped by 7.9 million barrels last week, maintaining a total ...
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OPEC Forecasts Higher Demand for Renewable Energy, Lower Demand for Oil

Between 2018 and 2040, global oil demand is expected to rise from 98.7 million barrels a day to 110.6 million. Oil and natural gas are forecast to continue to meet ...
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Will Trading Clean Air and Water for Profits Save the Coal Industry?

On Monday, the U.S. Environmental Protection Agency (EPA) issued a proposed rule that would relax the 2015 rules for treating wastewater created at coal-fired, steam-electric power generation plants. The 2015 ...
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