The amount of natural gas in U.S. inventories rose by 48 billion cubic feet last week but remains about 20% below last year's level and the five-year average level for this time of year.
With oil hovering a few dollars under the $70 level, you can bet that the big integrateds are looking to produce and sell as much as possible, especially as the sanctions on Iran are…
U.S. commercial crude inventories dropped by 5.8 million barrels last week even though refineries are running nearly flat out. Prices pared their early gains, but still hold onto to an increase of more than…
Research firm IHS Markit has released a new estimate of remaining recoverable oil and natural gas resources on Alaska's North Slope. The firm's estimate is more than double the amount already extracted.
The U.S. Department of Energy Monday announced the sale of 11 million barrels of sour crude oil from the nation's Strategic Petroleum Reserve. The sale is part of a number of planned sales stretching…
The U.S. land-based rig count remained unchanged this week and the total number of land-based rigs also stayed the same. Crude prices dipped, however, as volatility tightens its grip on the market.
The U.S. natural gas stockpile rose by slightly more than expected last week. Combined with a forecast for moderating temperatures that should reduce demand for natural gas, prices fell after the report was released.
The U.S. commercial crude oil inventory blew the doors off the consensus estimate for a decline with an increase of nearly 7 million barrels last week. Prices plunged following the report.
Crude oil production from seven major U.S. shale plays is expected to rise by 93,000 barrels month over month in August and another 90,000 barrels a day in September.
Gasoline pump prices have dropped just over a penny in the last week according to GasBuddy. Crude has been trading in a relatively limited range partly due to a strengthening greenback.
The Trump administration's recent proposal to delay full implementation of fuel-economy regulations put in place by previous administrations has upended a settled framework that automakers and regulators agreed to years ago.