Energy Economy

Despite Threats to Iraqi Supplies, Global Oil Markets in Good Shape: IEA

The U.S. drone attack that killed Iranian Lieutenant General Qasem Soleimani sent shivers through global oil markets earlier this month. Crude prices had been climbing all through December following the ...
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OPEC Forecasts Higher Demand for Crude as Global Economy Improves

The Organization of the Petroleum Exporting Countries (OPEC) saw the price of its reference basket of crude oil components rise by 5.6% to 66.48 a barrel in December, following a ...
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US Targeting of Top Iranian Leader Likely to Have Only a Temporary Effect on Crude Prices

Until last Thursday when a U.S. rocket attack killed Qasem Soleimani, the commander of Iran's Revolutionary Guards' Quds Force, the outlook for crude oil prices for 2020 called for some ...
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Gas Prices Turn Higher as the New Year Rolls In

The national average price for a gallon of regular gasoline increased by 1.6 cents per gallon last week to $2.57, according to industry analysts at GasBuddy. The drop ends a ...
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US Clean Energy 2020: The Glass Is Half Full — or Half Empty

The federal budget bill passed last week and signed by the president last Friday is the usual grab bag of funding for military and domestic programs, along with a generous ...
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Falling Gas Prices Add to Holiday Cheer

The national average price for a gallon of regular gasoline decreased by 2.4 cents per gallon last week to $2.53, according to industry analysts at GasBuddy. The drop marks the ...
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Saudi Arabia, Kuwait Near Deal on More Oil

A 2,330-square-mile area bordering the Persian Gulf between Saudi Arabia and Kuwait, known as the Neutral Zone, has produced no oil for more than four years. Not because there's none ...
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Gasoline Prices Move Back Under $2 in Some Places as Year Ends

Gasoline prices are as low as they have been since April. At $2.54 per gallon for regular, the price has been flat for a month. The sharp fall-off of prices ...
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Gas Prices Expected to Drop, Still Higher Than Last Year for Holiday Motorists

Americans planning to drive to holiday celebrations can expect to pay between $2.40 and $2.45 a gallon for regular gasoline, according to AAA. That's about a dime to $0.15 less ...
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Gas Prices Continue Dropping as Christmas Holiday Nears

The national average price for a gallon of regular gasoline decreased by three cents per gallon last week to $2.55, according to industry analysts at GasBuddy. The drop marks the ...
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Permian Basin Crude Oil Production Growth Loses Steam

Last week, the U.S. Energy Information Administration (EIA) reported that U.S. exports of crude oil and petroleum products exceeded U.S. imports for the first time since the agency began keeping ...
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IEA Does Not See Oil Supply Dropping in Q1 Despite OPEC Production Cuts

The two big stories about oil markets over the past month have been the initial public offering of Saudi Aramco and the deeper production cuts agreed to by the oil-producing ...
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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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