crude oil prices

oil rig

Can NOV Really Fall Another 20%

National Oilwell Varco, Inc. (NYSE: NOV) had a reality check during Wednesday’s trading session. This oilfield and offshore giant equipment maker was on the wrong side of an analyst call ...
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Crude Oil Inventory Jumps by 9 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.9 million barrels last week, maintaining a total U.S. commercial ...
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Short Sellers Pounce on Major Oil and Gas Stocks

Oil has gotten kicked in the teeth, and common sense would say that short sellers have made huge bets and boatloads of money as the stocks and commodities around the ...
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crude oil prices

The Case for $200 Oil

The secretary-general of the Organization of Petroleum-Exporting Countries (OPEC) said Monday that if producers fail to invest in developing new supplies, crude oil prices could rise as high as $200 ...
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Texas Capitol

More Evidence That Low Oil Is Hurting Texas Businesses

Cheap oil acts as a pay raise for many consumers in the nation. It also acts as a serious drag on the local, state and regional economies where the oil ...
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Oil pumpjack

North Dakota 2.7% Unemployment Will Soar

No state has a lower unemployment rate than North Dakota, where it is 2.7%. No state is at a greater risk to have its unemployment rate soar. Low oil prices get the blame. ...
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153715598

Crude Oil Inventory Soars by 10 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning. U.S. commercial crude inventories increased by a whopping 10.1 million barrels last week, maintaining a total ...
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Drilling rig

Are Oil and Energy Stocks Becoming Too Cheap?

With West Texas Intermediate (WTI) crude oil trading in the mid-$40s for February delivery, there is little doubt that oil is cheap today. But is it too cheap and, more ...
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Sakhalin-1

What to Expect From Halliburton and Baker Hughes Earnings

Leading oilfield services companies Baker Hughes Inc. (NYSE: BHI) and Halliburton Co. (NYSE: HAL) are both scheduled to report their fourth-quarter results Tuesday before the U.S. markets open. This comes ...
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J.P. Morgan Slashes Crude Price Forecast to $49 a Barrel

Analysts at JPMorgan Chase & Co. (NYSE: JPM) have joined the herd of energy market players that have slashed forecasts for oil prices in 2015. In a Monday note, the ...
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Eagle-Ford-Shale-Map

5 Top Producers in the Eagle Ford Shale

In just the six years since 2008, crude oil production in the Eagle Ford shale play in south Texas has grown from 352 barrels of oil a day to more ...
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oil-jack-pumps

IEA: Non-OPEC Growth to Fall

The drop in oil prices, coupled with the decision by OPEC to keep production at current levels, will pressure the production of non-OPEC countries down. Faltering demand is the other ...
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Houston Ship Channel

Lower Oil Prices and the Initial Impact on Houston

If there is one major city in the United States that doesn't want oil to remain at or under $50 per barrel for very long, it has to be Houston, ...
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153715598

Crude Oil Inventory Surges to 80-Year High

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5.4 million barrels last week, maintaining a total U.S. commercial ...
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Waikiki

The City Where Gas Is Above $3

One major city has an average price for a gallon of regular gasoline above $3. In Honolulu, the price is $3.26, though that is lower than the rest of Hawaii, ...
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