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What Is The Right Price For Oil In A Balanced Market?
The price of West Texas Intermediate (WTI) crude oil, like the stock market, was overdue for a bit of a pullback or “correction”. After peaking at over $66/bbl on January 26, 2018 the front month NYMEX contract for WTI followed the stock market correction down to just above $59/bbl on February 13. By the close on February 16 it had rebounded back to $61.55/bbl. The fact that a key resistance level at $57.65 was not
U.S. Energy Dominance: Markets Trump Policy In 2017
U.S. President Donald Trump, center, speaks during the Unleashing American Energy event at the Department of Energy in Washington, D.C., U.S., on Thursday, June 29, 2017. Trump said he is lifting an Obama-era policy that curtailed the financing of coal-fired power plants overseas, as he seeks to reorient the […] Click here to view original web page at
Recent Legislation Mandates Additional Sales of U.S. Strategic Petroleum Reserve Crude Oil
Recent legislation has directed the sale of more than 100 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) in U.S. government fiscal years (FY) 2022 through 2027. Based on legislated sales established in multiple acts of Congress, the SPR could decline by about 40% in the coming decade while still meeting requirements for petroleum import coverage. Assuming no other legislation over this period, the SPR could decline from 695 million barrels at
The U.S. Added 38 Percent More Oil and Gas Rigs Last Year
The number of oil and gas rigs in the United States has increased an astonishing 38 percent over the past year. That’s according to S&P Global Platts Analytics, which reported this week that the country had 1,070 rigs at the end of January , up from just 773 a […] Click here to view original web page at
U.S. Coal Production, Exports, and Prices Increased in 2017
EIA expects total 2017 U.S. coal production to be 773 million short tons (MMst), 45 MMst higher than in 2016 and the largest year-over-year tonnage increase since 2001. Coal prices across the United States rose […] Source: U.S. Energy Information Administration, Coal Data Browser, Short-Term Energy Outlook, and Coal Markets Click here to view original web page at

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