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Posts related to ‘Oil & Gas’

Fitch Reviews Oil & Gas Operations and Reserves

Posted: May 11, 2012 at 1:34 pm

Fitch Ratings is out with a statistical review of operational metrics at a number of oil & gas companies. The review notes a handful of emerging trends: Finding, development, and ...
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IEA Oil Market Data: Demand, Supply Rise

Posted: May 11, 2012 at 7:37 am

The International Energy Agency this morning released its April report on the global oil market. The short version of the story is that global consumption of oil is expected to ...
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Natural Gas Inventories Rise Slightly, Price Essentially Flat

Posted: May 10, 2012 at 2:26 pm

The US Energy Information Administration today reported the US natural gas stocks rose by a total of 30 billion cubic feet, identical with the increase that analysts had expected. Natural ...
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OPEC Market Forecast Sees Global Crude Demand of 89 Million Barrels/day

Posted: May 10, 2012 at 7:43 am

In the May version of OPEC’s monthly Oil Market Report, the cartel keeps its previously forecast global demand total for 2012 at just under 89 million barrels/day. Demand is growing ...
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US Crude Oil Inventories Rise, Gasoline Stocks Drop

Posted: May 9, 2012 at 10:49 am

The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 3.7 million barrels last week, bringing the total US commercial ...
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MarkWest Prices Another Secondary Offering (MWE, APC, CVX, CHK, REXX)

Posted: May 9, 2012 at 10:37 am

For the second time in two months, MarkWest Energy Partners L.P. (NYSE: MWE) has launched a secondary offering of common units to support the company’s expansion plans. In March, MarkWest ...
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Oil Drops To $97

Posted: May 9, 2012 at 6:30 am

Oil has passed $97 on its way down to what some analysts believe will be $90 or less. That would be a reset of more than 15% down over two ...
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Crude Oil on Five-Day Losing Streak

Posted: May 8, 2012 at 4:40 pm

WTI crude oil fell for a fifth straight day today, closing down -1% at $97.01. The price of crude futures fell as low as $95.52 at one point during the ...
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US Average Gasoline Price Forecast Lowered

Posted: May 8, 2012 at 3:01 pm

The US Energy Information Administration (EIA) released its updated Short-Term Energy Outlook today, and the good news for drivers is that the forecast for gasoline prices for the Spring and ...
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Iran Trades Oil for Yuan, Rupees, and Junk

Posted: May 8, 2012 at 7:44 am

One way that Iran has found to combat the tightening international sanctions on its crude oil sales is to accept payment in something other than US dollars. The Iranians have ...
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Chesapeake’s Largest Shareholder Gets More Aggressive (CHK)

Posted: May 7, 2012 at 2:40 pm

Southeastern Asset Management, Inc. is getting aggressive against Chesapeake Energy Corporation (NYSE: CHK).  This is no ordinary shareholder either: it is the largest listed shareholder.  The new filing shows some ...
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Icahn Prevails on Bid for CVR Energy (IEP, CVI, UAN, DAL)

Posted: May 7, 2012 at 11:08 am

As recently as last week it appeared that Carl Icahn’s Icahn Enterprises L.P. (NASDAQ: IEP) may not receive enough shares to complete his takeover of CVR Energy Inc. (NYSE: CVI). ...
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As Crude Prices Fall, Are Refiners Going to Benefit? (HFC, WNR, VLO, TSO, MPC, PSX, SUN)

Posted: May 7, 2012 at 9:57 am

As of about 9:30 this morning, Brent crude is trading at its lowest price in three months, and the price differential between Brent and WTI crude closed to about $12/barrel ...
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A Sharp Drop In Gas Prices

Posted: May 7, 2012 at 6:15 am

The widely followed Lundberg Survey showed that gas prices fell 6.75 cents to $3.8452 a gallon for the average price of regular based on national samples. The data for was ...
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Falling Oil Puts Airline Sector Up In First Class (UAL, DAL, LCC, LUV)

Posted: May 4, 2012 at 1:19 pm

Is the economy so weak that the summer and rest of 2012 will be punishing on the airline industry?  Apparently not.  Have you been to an airport and flown lately?  ...
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