Energy Economy - Page 2

Crude Oil Dives Again Under Weight of Politics

West Texas Intermediate (WTI) crude oil traded near $51 a barrel Friday morning as traders tote up the likelihood that Saudi Arabia and its partners will reduce production quotas at ...
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US Oil Rig Count Drops by 3, Prices Trying to Hold onto Gains

In the holiday-shortened week ending November 21, 2018, the number of land rigs drilling for oil in the United States totaled 885, a decline of 3 compared to the prior ...
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Natural Gas Price Skips Higher on Huge Inventory Drawdown

The U.S. Energy Information Administration (EIA) reported Wednesday morning that U.S. natural gas stockpiles decreased by 134 billion cubic feet for the week ending November 16. Analysts were expecting a ...
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Crude Oil Price Dips on Larger-than-Expected Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 4.9 million barrels last week, maintaining a total ...
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US Oil Rig Count Up by 2, Prices Inch Higher From Multi-Month Low

In the week ending November 16, 2018, the number of land rigs drilling for oil in the United States totaled 888, an increase of two compared to the previous week ...
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Crude Oil Price Creeps Higher Despite Another Massive Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning showing that U.S. commercial crude inventories increased by 10.3 million barrels last week, maintaining a total ...
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Natural Gas Price Slips From Multiyear High on Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles increased by 39 billion cubic feet for the week ending November 9. Analysts were expecting a ...
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Why the US Could Become a Net Exporter of Oil and Gas in the Next Decade

Overall, the boom in U.S. oil and gas production over the past decade has been a somewhat moderating force on what is a large domestic merchandise trade deficit by helping ...
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US Strategic Petroleum Reserve’s 700 Million Barrels Is Huge Safety Net

As Saudi Arabia plans to cut oil production by as much as 500,000 barrels a day and the Organization of Petroleum Exporting Countries (OPEC) threatens to cut as well, the ...
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US Gas Prices Drops for Fifth Straight Week

The average U.S. price for a gallon of regular gasoline dropped by nearly six cents in the past week, to start this week off at a price of $2.67, according ...
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Saudi Arabia to Cut Production, Likely Ending Drop in Oil Prices

The unprecedented drop in oil prices may be over. A bear market dropped the price of crude from $76 to $60 in one month. Much of the cause was an ...
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Gas Prices Slide Back Toward $2

Crude oil prices have fallen into bear territory, down 20% in just over a month, to under $60 a barrel. Drivers are always beneficiaries of low oil prices. After a ...
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US Oil Rig Count Soars by 12, Crude Now Solidly Wedged in Bear Territory

In the week ending November 9, 2018, the number of land rigs drilling for oil in the United States totaled 886, an increase of 12 compared to the previous week ...
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Natural Gas Price Dips Following Substantial Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stockpiles increased by 65 billion cubic feet for the week ending November 2. Analysts were expecting a ...
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Crude Oil Price Sinking on Large Increase to Inventory

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 5.8 million barrels last week, maintaining a total ...
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