crude oil prices

oil tanker

UBS Downgrades Energy Shipping Companies Close to 52-Week Lows

When investors see analysts downgrade a sector, they sometimes worry. But what about when that sector downgrade comes at the same time that the key sector's stocks are all down ...
Read Full Story »
Southwest Airlines

Why Southwest Scored 2 More Analyst Downgrades

Southwest Airlines Co. (NYSE: LUV) was performing decently in 2016, up until about the past quarter, and since that time shares have dropped over 20%. This put the stock in ...
Read Full Story »
fracking

Oil Rig Count Up by 14 Last Week, Hedge Funds Thinking Short Again

In the week ended July 22, the number of rigs drilling for oil in the United States totaled 371, up by 14 compared with the prior week and a total ...
Read Full Story »
Oil Barrels

Crude Oil Price Bounces Despite Addition to Gasoline Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.3 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
KMI Tanker

Can Kinder Morgan Afford to Raise Its Dividend? Can It Afford Not To?

Last December when Kinder Morgan Inc. (NYSE: KMI) sliced 75% off its quarterly dividend, the stock price plummeted, dropping nearly 50% before beginning to make a comeback. Shares closed Friday ...
Read Full Story »
fracking

Oil Rig Count Up by 6 Last Week, Hedge Funds Turn Long on Crude, Distillates

In the week ended July 15, the number of rigs drilling for oil in the United States totaled 357, up by six compared with the prior week and a total of ...
Read Full Story »
Pump Jacks Against at Dusk

Why Nomura Lowered Estimated Energy E&P Q2 Losses

In a note published Wednesday, Nomura Securities energy analysts lowered their estimate of second-quarter net losses by 26% over their coverage universe of 35 exploration and production (E&P) companies. The ...
Read Full Story »
Oil Barrels

Crude Oil Price Plummets on Big Jump in Gasoline Stockpile

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.5 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
Pumpjack

Major Oil Short Interest Surges With the Markets

The short interest data have been released for the June 30 settlement date. With oil prices seemingly on the path to recovery and the Dow and S&P 500 hitting new ...
Read Full Story »
oil tanks

EIA Outlook: Crude Prices Up, Gasoline Prices Down

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short-Term Energy Outlook (STEO). The agency lowered its average summer driving season price for a gallon ...
Read Full Story »
Oil worker

Shale Play Rig Counts Hit Bottom in 1H 2016

Since the beginning of the year, the Baker Hughes U.S. rig count had fallen from 578 on January 8 to low of 404 in late May. Since then, U.S. producers ...
Read Full Story »
fracking

Oil Rig Count Up by 10 Last Week, Hedge Funds Add to Short Positions

In the week ended July 8, the number of rigs drilling for oil in the United States totaled 351, up by 10 compared with the prior week and a total ...
Read Full Story »
Oil Barrels

Crude Oil Price Tumbles Following Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories decreased by 2.2 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
fracking

Oil Rig Count Jumped by 11 Last Week, Hedge Funds Changed Directions Again

In the week ended July 1, the number of rigs drilling for oil in the United States totaled 341, up by 11 compared with the prior week and a total ...
Read Full Story »
refinery

California Oil Refineries Investigated by State Attorney General

California Attorney General Kamala Harris has subpoenaed documents from the state's major oil refiners related to an investigation into whether the companies have artificially raised retail gasoline prices in the ...
Read Full Story »