crude oil prices

Oil Barrels

Goldman Sachs Sees 4 Exploration & Production Winners for $35 Oil Long Term

Now that West Texas Intermediate Crude (WTI) oil has dipped under $30.00 per barrel, investors and industry watchers are even more concerned about the oil and gas stocks in the ...
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Oil Barrels

Crude Oil Stockpile Slips, Refining Runs Continue to Fall

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 800,000 barrels last week, maintaining a total U.S. commercial crude ...
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oil train

Major Oil Short Interest Backs Off

The short interest data have been released for the January 29 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Oil rig

Oil Rig Count Drops by 31, Hedge Funds Pile Up Short Positions

In the week ended February 5, the number of rigs drilling for oil in the United States totaled 467, compared with 498 in the prior week and 1,140 a year ...
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oil rig

Will International Rig Counts Fall Toward 1,000?

Everyone is wondering just how low the price of oil can go. The reality is that we now have an oversupply issue, rather than demand erosion from past boom-bust cycles ...
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Gas Pump Nozzle

Fuel Economy Rating Rises in January

The average fuel-economy rating for new vehicles sold in the United States in January 2016 was 25.1 miles per gallon, up from an average of 24.9 in December 2015. For ...
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Oil Barrels

Crude Oil Price Sinks as Inventory Rises by 7.8 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 7.8 million barrels last week, maintaining a total U.S. commercial ...
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Pump Jacks Against at Dusk

Exploration and Production Sector Takes Big Rating Downgrade From Standard & Poor’s

The credit ratings agency Standard & Poor's has just downgraded many of its official corporate credit ratings in the oil and energy patch. It took ratings actions on 20 different ...
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oil train

What to Look for in Exxon’s Earnings Report

Exxon Mobil Corp. (NYSE: XOM) is expected to release its fourth-quarter earnings before the markets open on Tuesday. Thomson Reuters has consensus estimates of $0.64 in earnings per share (EPS) ...
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fracking

Oil Rig Count Drops by 12, Hedge Funds Add Short Positions

In the week ended January 29, the number of rigs drilling for oil in the United States totaled 498, compared with 510 in the prior week and 1,223 a year ...
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Petrochina station

PetroChina Warns on Earnings

PetroChina Co. Ltd. (NYSE: PTR) filed a statement with Hong Kong authorities on Friday indicating that profits for the 2015 fiscal year are expected to fall by 60% to 70% ...
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Chevron_Logo.svg

Chevron Posts Surprise Q4 Loss

Chevron Corp. (NYSE: CVX) reported fourth-quarter and full-year 2015 results before markets opened Friday. For the quarter, the oil and gas supermajor posted a diluted earnings per share loss of ...
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Oil platform on sea

Short Interest Explodes in Major Oil Stocks

The short interest data have been released for the January 15 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Oil Barrels

Crude Oil Stockpile Jumps, Price Follows

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.4 million barrels last week, maintaining a total U.S. commercial ...
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Oil pumps

OPEC Chief Says Low Oil Prices Bad for Industry

Long-term demand for oil may help support prices over the next several decades, but Organization of the Petroleum Exporting Countries (OPEC) Secretary General Abdalla S. El-Badri says the current drop ...
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