crude oil prices

Could Oil Go Back to $100 and Threaten Economy?

Research firm Energy Aspects believes there is a chance oil prices could return to $100 a barrel. If that happens, the price of gas and other oil-based products would soar. ...
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US Oil Rig Count Drops by 10, Crude Price Continues Slide

In the week ended January 19, 2018, the number of land rigs drilling for oil in the United States totaled 747, down by five compared to the previous week and ...
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Quintana Energy Closes in on IPO

Quintana Energy Services has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were provided in this ...
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Crude Oil Price Turns Higher on Big Inventory Draw

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories decreased by 6.9 million barrels last week, maintaining a total ...
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OPEC Lifts 2018 Oil Demand Total to 98.51 Million Barrels a Day

In its Monthly Oil Market Report for January, released Thursday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's average price for its reference basket rose ...
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6 Most Important Things in Business Today

AT&T Inc. (NYSE: T) is under political pressure to end its relationship with a China-based telecom company. According to Reuters: U.S. lawmakers are urging AT&T, to cut all commercial ties to ...
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Will OPEC Stick With Its Production Cuts If Oil Prices Keep Rising?

The production cuts initiated last January by Organization of the Petroleum Exporting Countries (OPEC) and its allies — particularly Russia — had drawn down oil supplies in the world's developed ...
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15 Major Oil, Gas & Energy Stocks With Multiple Analyst Upgrades and Price Hikes for Big Gains in 2018

Now that 2018 has begun, many investors have been contemplating how they want to be invested for this year and beyond. Despite 2017's gains of 25% in the Dow and almost ...
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US Oil Rig Count Soars by 10, Crude Price Appears Unfazed

In the week ended January 12, 2018, the number of land rigs drilling for oil in the United States totaled 752, up by 10 compared to the previous week and ...
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After 3 Years, Brent Crude Tops $70 a Barrel Again

The benchmark crude oil used to set prices for about half the world's oil topped $70 a barrel in London on Thursday for the first time since December 2014. Brent ...
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Short Sellers Keep Backing Off Major Oil Stocks

Crude oil reached above $63 a barrel for the first time in over two years this week. The price held relatively steady above $50 for most of 2017, but with ...
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Crude Oil Price Dips as Petroleum Inventories Balance

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 4.9 million barrels last week, maintaining a total ...
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6 Most Important Things in Business Today

Oil prices hit a three-year high. According to Reuters: U.S. oil prices hit their highest since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as ...
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Nine Energy Announces Potential Pricing for IPO

Nine Energy Service has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company expects to price its 7 ...
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US Oil Rig Count Tumbles, Crude Price Dips Below $62

In the week ended January 5, 2018, the number of land rigs drilling for oil in the United States totaled 742, five less compared to the previous week and up ...
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