Energy Economy

Saudi Arabian, US Oil Reserves Rising

In a statement posted Wednesday by Saudi Arabia's official news agency, Saudi Aramco officials announced that the kingdom's proved oil and gas reserves rose to 266.3 billion barrels and 302.3 ...
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Natural Gas Price Adds to Gains Following Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles decreased by 91 billion cubic feet for the week ending January 4. Analysts polled by Reuters ...
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US Car Buyers Get Record High Mileage in 2018

U.S. car buyers got the best mileage in history in 2018, according to an annual study. That was due both to the more efficient engines manufacturers put in their cars and ...
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Gas Prices Drop for 13th Consecutive Week

The price for a gallon of regular gasoline reached its lowest level in more than two years this week at a national average of $2.22 a gallon. That's three cents ...
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US Coal Consumption at 39-Year Low, but Will Its Decline Be Fast Enough?

Regardless of the Trump administration's efforts to boost coal burning to generate electricity, the fossil fuel that powered the Industrial Revolution is fading from the U.S. energy portfolio. But is ...
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Crude Oil Price Gives Back Some Gains After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Friday morning, showing that U.S. commercial crude inventories remained essentially unchanged last week, maintaining a total U.S. commercial ...
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Natural Gas Price Dips Following Small Inventory Draw

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stockpiles decreased by 20 billion cubic feet for the week ending December 28. Analysts were expecting a ...
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Energy Sector in the Doldrums: Dallas Fed

In its quarterly report on the energy industry, the Federal Reserve Bank of Dallas reported Thursday that energy sector growth slowed significantly in the fourth quarter of 2018. The bank's ...
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Gas Prices Drop Below $2 in 9 States, Boost to Consumers

The breathtaking plunge in oil prices has made its way to the gas pump, and in nine states, the cost per gallon has dropped below $2. At the current pace ...
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US Oil Rig Count Jumps by 10 This Week, Crude Price Holds Gains

In the week ending December 21, 2018, the number of land rigs drilling for oil in the United States totaled 883, an increase of 10 compared to the previous week ...
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Natural Gas Price Holds Slight Gain Following In-Line Inventory Withdrawal

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles decreased by 141 billion cubic feet for the week ending December 14. Analysts were expecting a ...
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Crude Oil Price Holds On to Gain 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 500,000 barrels last week, maintaining a total U.S. ...
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Gas Prices on Track to Dip Further Before Christmas

With Christmas Day just a week away, U.S. motorists can expect Santa to stuff their stockings with a little extra cash this year. Retail gas prices, already at 18-month lows, ...
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US Shale Oil Production to Rise by 134,000 Barrels a Day in January

Between January of 2018 and January of 2019, U.S. crude oil production from seven major shale regions is forecast to rise by 1.72 million barrels of oil per day to ...
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Gasoline Pump Prices at 18-Month Low

Gasoline prices have dropped for 10 straight weeks, pushing the national average cost of a gallon of regular gasoline down to around $2.36 a gallon early Monday morning. The national ...
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