Energy Economy

The International Energy Agency now forecasts a demand decline of nearly 8 million barrels a day in 2020, largely due to the COVID-19 pandemic.
While gas prices have been creeping higher, they are on track to post a 16-year low for the July 4 holiday weekend. The reason for the decline is down to lack of demand due to the resurgence COVID-19...
U.S. crude oil production and crude oil inventories both rose last week. Gasoline inventories are falling, however, and pump prices continue rising.
The carefully followed International Energy Agency Monthly report for June says oil demand will drop by the largest amount in history in 2020.
The national average price for a gallon of regular gasoline rose by less than a penny last week. Analysts at GasBuddy, however, expect to see an average of more than $2 a gallon in the next couple of...
Energy generated from renewable sources passed coal-fired power consumption in the first quarter of this year.
Global investment in energy is expected to drop by around 20% year over year in 2010 according to a new report from the International Energy Agency.
Gasoline prices rose for the fourth consecutive week, according to the latest data from GasBuddy. The summer driving season has officially begun. Now we wait to see if Americans take to the highways...
U.S. crude oil production is expected to decline by 1.75 million barrels by next month, according to IHS Markit. Some production may resume, however, if prices remain above $30 a barrel, and more...
Gasoline prices have rebounded somewhat everywhere. The states with the priciest gas now have per-gallon prices above $2.80. And that universe of those is growing.
Gasoline prices have rebounded somewhat everywhere. The states with the cheapest gas now have per-gallon prices of under $1.50. However, the universe of those is dwindling.
Gasoline prices are rising as more states and cities lift restrictions imposed to combat the COVID-19 outbreak.
U.S. gas prices have risen for the second consecutive week after a nine-week run of declining prices.
Oil industry analysts at IHS Markit forecast the global over-production of crude will amount to 14 million barrels a day in the second quarter. About that much again is expected to go into storage.
In the latest revision to its Global Energy Review, the IEA estimates that global demand for energy will decline by 6% in 2020 due to the COVID-19 pandemic. U.S. demand is expected to fall by 9%.