Energy Economy

Crude Oil Prices Recovering Lost Ground

Since reaching a top of around $66 a barrel early this month, the price of a barrel of West Texas Intermediate (WTI) crude oil dipped nearly $7 a barrel before ...
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18% of US Energy Comes from Renewable Sources

Over the past 10 years, renewable power-generation capacity has accounted for 55% of all new construction. In 2017, the percentage of U.S. power generated from renewable sources rose from 15% ...
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US Oil Rig Count Rises by 7 as Crude Price Remains Steady

In the week ended February 16, 2018, the number of land rigs drilling for oil in the United States totaled 798, up by seven compared to the previous week and ...
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Natural Gas Price Ticks Up as Inventory Dips More Than Expected

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 194 billion cubic feet for the week ending February 9. Analysts were expecting a ...
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Crude Oil Price Improves on Small Rise to Stockpiles, but Gasoline, Exports Weigh

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 1.8 million barrels last week, maintaining a total ...
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US to Lead Charge in Global Oil Growth, May Become World’s Largest Producer

The new International Energy Agency (IEA) report on oil supply and demand is out. The organization's research shows that oil supply may top demand later this year. The primary cause ...
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US Shale Crude Oil Production to Rise 110,000 Barrels a Day in March

Between March of 2017 and March of 2018, U.S. crude oil production from seven major shale regions is forecast to rise by 1.88 million barrels of oil per day to ...
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US National Average Gasoline Price Sees First 2018 Drop

U.S. retail gasoline prices slipped last week to a national average of $2.57, down 2.5 cents from the prior week, and diesel fuel also slipped a bit, 2.0 cents a ...
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OPEC Lifts 2018 Oil Supply Based on US Production Growth

In its Monthly Oil Market Report, released Monday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket rose 7.7% to ...
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US Oil Rig Count Skyrockets by 26, Crude Price Tumbles Below $59

In the week ended February 9, 2018, the number of land rigs drilling for oil in the United States totaled 791, up by 26 compared to the previous week and ...
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Congress Plans Sale of 100 Million Barrels of US Petroleum Reserve

The budget deal that Congress struck yesterday includes the sale of 100 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) beginning in 2022. At today's prices ...
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Natural Gas Price Steady on Expected Withdrawal Size

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 119 billion cubic feet for the week ending January 26. Analysts were expecting a ...
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Crude Oil Price Stumbles on Big Additions to Oil, Refined Products Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories increased by 1.9 million barrels last week, maintaining a total ...
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EIA Outlines Future of Energy Exports, Oil & Gas, Renewables and Even Coal

The U.S. Energy Information Administration (EIA) has released its Annual Energy Outlook for 2018. This report includes projections for U.S. energy markets from now all the way out through 2050, ...
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US Gasoline Prices Up, Diesel Price Soars

U.S. retail gasoline prices rose last week to a national average of $2.60, up two cents from the prior week, and diesel fuel hit $3.00 a gallon, the highest level ...
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