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Posts related to ‘oil prices’

Offshore drill rig

Oil Futures Fall as Energy Agencies Look into the Crystal Ball

Posted: June 12, 2013 at 7:00 am

The Organization of Petroleum Exporting Countries (OPEC) released its oil market report for June yesterday, and the International Energy Agency (IEA) followed suit this morning. The U.S. Energy Information Administration ...
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Gasoline pump

U.S. Gasoline Prices Still Dropping

Posted: May 28, 2013 at 7:20 am

The price of oil has dropped below $94 a barrel, and gasoline prices have been falling as well. The ongoing decline in gas prices in the United States may be ...
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gas sign

Falling Oil Prices Lead to Lower Gasoline Prices

Posted: May 15, 2013 at 7:05 am

One of the ironies of the current economic situation is that slow economies around the world have pushed the price of oil lower, and consequently with it, the future price ...
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Oil barrel

Oil Price Gains from Last Week Continue

Posted: May 6, 2013 at 1:12 pm

In the month of May so far, crude oil prices have risen nearly 2% after falling by 4% in April. In the past 30 days, the average price for a ...
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Drilling Rig

Varco Earnings Do Not Meet Lowered Expectations

Posted: April 26, 2013 at 7:35 am

National Oilwell Varco Inc. (NYSE: NOV) reported first-quarter 2013 results before markets opened this morning. The oil field services and drill rig technology firm posted adjusted diluted earnings per share ...
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Drilling Rig

Low Expectations Make Halliburton Results Look Good

Posted: April 22, 2013 at 7:50 am

Halliburton Co. (NYSE: HAL) reported first-quarter 2013 results before markets opened this morning. The oil & gas services company posted adjusted diluted earnings per share (EPS) of $0.67 on revenues ...
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Drilling rig

North Sea Pipeline Flow Restored, Crude Prices Fall

Posted: March 8, 2013 at 8:50 am

The price of Brent crude has dropped this morning on news that the leaky Brent pipeline system has been repaired and is flowing again. The Abu Dhabi-based company that owns ...
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Oil barrel

Oil and Gas Short Interest Turns to Pipelines, Refiners (BHI, BP, CHK, CVX, COP, EPD, XOM, KMI, NOV, PSX, SLB, RIG, VLO)

Posted: February 28, 2013 at 8:45 am

We have tracked the key short interest changes as of February 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy ...
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Gasoline pump

Gasoline Prices Creep Up Again

Posted: February 26, 2013 at 6:30 am

Gasoline prices have risen again. Yesterday, according to AAA Fuel Gauge, the price of a gallon of regular nationwide cost $3.782, compared to $3.777 the day before and $3.347 a ...
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Oil refinery

Outlook Remains Rosy for Refiners (TSO, MPC, PSX, ALJ, WNR, CVI, VLO, DK, HFC, HES)

Posted: February 21, 2013 at 8:00 am

Share prices appreciated by at least 80% for most major crude oil refiners in 2012, a far better performance than turned in by the integrated oil companies, the oil services ...
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Oil pipeline

Another Crude Oil Pipeline Aims at the Gulf Coast (ENB, ETP, ETE, EPD)

Posted: February 15, 2013 at 10:40 am

Canadian-based Enbridge Inc. (NYSE: ENB) announced this morning that it is joining forces with a subsidiary of Energy Transfer Partners L.P. (NYSE: ETP) and Energy Transfer Equity L.P. (NYSE: ETE) ...
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Drilling rig

Halliburton Earnings Look Better Than They Are

Posted: January 25, 2013 at 7:48 am

Halliburton Co. (NYSE: HAL) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the oil and gas services company posted adjusted diluted earnings per share ...
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Keystone XL route

Nebraska Governor OKs Keystone XL Pipeline

Posted: January 22, 2013 at 12:48 pm

Governor Dave Heineman of Nebraska has sent a letter to President Obama today expressing his approval for the re-worked Keystone XL pipeline project through the state. Heineman’s approval can now ...
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petro chemical plant

Uncertainties Push Oil Prices Higher

Posted: January 18, 2013 at 6:52 am

The Algeria hostage crisis shows how little it takes in the terms of geopolitical events to cause a spike in oil prices. As problems in the Middle East simmer, along ...
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Gasoline pump

Gasoline Prices Likely to Fall Well into 2013

Posted: December 17, 2012 at 6:45 am

Gasoline prices continue to fall, which could be a small counterweight to fiscal cliff effects. The national average price of a gallon of regular dropped to $3.248 yesterday, according to ...
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