crude oil prices

Dallas

Texas Manufacturing Starts to Shrink: Sub-$50 Oil Reality Sets In

The Federal Reserve Bank of Dallas has released its Manufacturing Outlook report for the month of March. It was widely expected that regional manufacturing would be at least at risk ...
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Saudi pipeline Yemen

Yemen, Iran and the Price of Crude

When the Saudi Arabian Air Force began bombing targets in Yemen last week, the price of West Texas Intermediate (WTI) crude oil for April delivery spiked to more than $52 ...
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Oil drilling rig

Hedge Funds Maintain Long Positions as Oil Rig Count Dips

In the week ended March 27, the number of rigs drilling for oil in the United States totaled 813, compared with 825 in the prior week and 1,487 a year ago. ...
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Yemen Map

If Yemen Can Help Move Crude Prices, Here Is Its Economy by the Numbers

The stock market may have tanked on Wednesday, but geopolitical risk from Yemen was one of the excuses that was used for the rally in oil on this day. It ...
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Crude Oil Price Gains Despite Another Large Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.17 million barrels last week, maintaining a total U.S. commercial ...
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Oil spill

Short Sellers Get Even More Aggressive Against Big Oil Stocks

Oil prices are continuing to make a slight recovery on the last short interest report, but it seems that the industry has slid back, and common sense would say that ...
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Blue flames of gas stove

Does Carl Icahn Trump Capex Cuts at Chesapeake?

Chesapeake Energy Corp. (NYSE: CHK) has been unable to avoid the trap of lower oil and gas prices in 2014 and 2015. That being said, famed activist investor Carl Icahn ...
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Why the Whiting Capital Raise Destroys Buyout Chances

Due to falling prices in the oil and gas industry, one of the hoped-for trends in the energy sector has been mergers and acquisitions. Some even call this cannibalization. The hope had ...
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Kinder Morgan

Why 1 Analyst Is Now So Positive on Kinder Morgan

In the months after everyone jumped ship on the energy sector due to falling oil prices, independent research firm Argus thinks it might be time to get back on board ...
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ten dollar bills

Oil Starts Move Down to $20

CNBC ran an article about a prediction by FACTS Global Energy that oil could drop to $35 a barrel soon, and then go much lower. Saudi officials say they will keep production ...
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Oil drilling rig

Oil Rig Count Falls; Hedge Funds Pile In on Short Positions

In the week ended March 20, the number of rigs drilling for oil in the United States totaled 825, compared with 866 in the prior week and 1,473 a year ...
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oil rig and tanker

Transocean Woes Hammer Offshore Drillers

When the world’s largest offshore driller sneezes, the entire industry gets a cold. That is what’s happening Thursday after Transocean Ltd. (NYSE: RIG) said last night that it had stacked ...
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tanker

Nordic American Tankers Dividend Yield May Go Over 10%

It is no secret that investors love dividends. The higher the better, particularly if they are safe dividends or if they are rising ones. The chairman and chief executive of ...
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Oil drilling rig

Did Willbros Fall Too Much?

Most companies make their filings on time, or at least within the range of the following quarter. When a company misses this time frame it usually signals that there are ...
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Crude Price Slammed on Another Huge Inventory Build

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 9.6 million barrels last week, maintaining a total U.S. commercial ...
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