crude oil prices

Drilling Rig

2015 Outlook for Oilfield Services Inescapably Tied to Tumbling Crude Prices

The world’s four largest oilfield services companies posted all-time share price highs in mid-2008, when crude oil prices were nearing a record high above $140 a barrel. Then two of the four firms ...
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Crude Oil Price Hammered by Jump in Gasoline Stockpiles

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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Gas pipeline

Rice MidStream Sets Price for IPO

Rice Energy Inc. (NYSE: RICE) has announced the pricing of the Rice Midstream Partners L.P. initial public offering. The offering will consist of 25 million common units with an overallotment ...
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Oil Tanker

Why Oil Is Being Hurt by US, and Why Oil Goes Back Up in 2015

Trying to peg the bottom in oil is quite simply a guessing game. Still, with the gyrations and price swings, some investors have to wonder if the worst has been ...
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Railroad Oil Tank Cars

What This Bounce in Major Oil Giants Means

Oil did not start Tuesday on a good note, but it did make a strong recovery, and that is reflected in the stock prices of some major oil companies. Crude oil ...
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The World’s Top 10 Oil Companies

The price of a barrel of West Texas Intermediate (WTI) crude oil has fallen from more than $100 a barrel in late June to less than $60 a barrel. While ...
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Is $40 Oil Coming?

Depending on where you buy the stuff, crude oil already sells for less than $50 a barrel. Friday’s closing price for West Texas Intermediate (WTI) crude for January delivery was ...
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What the Federal Government Loses in Royalties From Cheap Oil

West Texas Intermediate (WTI) crude oil has traded below $60 since the current trading session started on Thursday evening. The price has posted yet another five-year low at $58.80 and ...
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Oil spill

IEA Cuts Oil Demand, Crude Collapses Below $60

In another blow to the price of oil, the International Energy Agency (IEA) cut its forecast for crude demand in 2015. Oil dove below $59. The agency's experts wrote: The ...
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Oil refinery

Refineries Not Acting How They Should With Falling Oil Prices

Dropping crude oil prices recently have had a large impact on the oil and gas sector, resulting in falling share prices for major oil companies. However, there is a silver lining for the ...
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Fuel pump in fuel tank

Is This Becoming the Second Worst Oil Chart of the Modern Era?

Finding a bottom in the price of oil has become an elusive game of cat and mouse -- or maybe a game of dollars versus logic. What is amazing to ...
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Crude Oil Price Crushed by Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.5 million barrels last week, maintaining a total U.S. commercial ...
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Major Oil Short Sellers May Have Missed the Boat

Short interest data for the November 28 settlement date has been released. Most of the top oil stocks, except for Exxon, saw their short interest fall in this period. Whether ...
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Conoco Logo

Conoco Enters Confessional: Sees 2015 Capex Down by 20%

The world’s largest independent energy exploration and production (E&P) company will be doing less exploration in 2015 and, it says, about 3% more production. ConocoPhillips (NYSE: COP), which is the ...
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Will Oil Drop to $40?

When oil prices topped $140 a barrel in 2008, predictions from many analysts and industry insiders pointed at $200 a barrel on the horizon and forecast all kinds of doom ...
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