crude oil prices

OPEC

Oil Rises Even as OPEC Oil Production Cuts Already Questioned

The price of oil has responded to news of OPEC, the Organization of the Petroleum Exporting Countries, production cuts. If there is one thing that seems true more often than not, ...
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Oil Barrels

Dip in Crude Oil Inventory Offset by Rise 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 1.9 million barrels last week, maintaining a total U.S. commercial ...
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crude oil terminal

Is West African Displacing Bakken Crude at Eastern US Refineries?

Back in the old days before horizontal drilling and hydraulic fracturing created a new source of crude oil production in North Dakota and Montana, refineries on the east coast of ...
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Silhouette of an oil worker using machinery at sunset

Short Sellers Run for Cover From Major Oil

The short interest data have been released for the September 15 settlement date. With oil prices seemingly on the slow path to recovery and the Dow and S&P 500 still ...
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fracking

Why Crude Prices Could Stay Low Regardless of Rig Counts

In the week ended September 23, the number of rigs drilling for oil in the United States totaled 418, up by two compared with the prior week and down from a ...
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Oil Barrels

Crude Price Soars on Huge Inventory Draw

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 6.2 million barrels last week, maintaining a total U.S. commercial ...
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fracking

Smart Sand Files for IPO

Smart Sand has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing terms were listed in the filing but the ...
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Pumpjack

6 Top Oil and Gas Stocks Analysts Want You to Buy

The markets have seemingly exited their holding pattern since the Brexit recovery, and volatility has returned. With this, crude oil has made a handy recovery from its lows this year, ...
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Offshore Drilling Rig

Why This Tiny Drop in the Rig Count May Bring at Least Some Concern

Baker Hughes Inc. (NYSE: BHI) released its weekly oil rig count late on Friday, and we have already started seeing some breaks in the growth of the number of rigs. ...
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Oil Barrels

Crude Price Cuts Losses on Small Inventory Drawdown

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 600,000 barrels last week, maintaining a total U.S. commercial crude ...
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Pumpjack

Short Sellers Decrease Bets in Major Oil

The short interest data have been released for the August 31 settlement date. With oil prices seemingly on the slow path to recovery and the Dow and S&P 500 still ...
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OPEC

OPEC Market Report Crushes Hopes for a Production Freeze

In its Monthly Oil Market Report for August, released Monday morning, the Organization of the Petroleum Exporting Countries (OPEC) noted that the cartel's price for its reference basket rose by ...
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oil field sunset

5 Top Oil and Gas Stocks Analysts Want You to Buy Now

The stock market finally has been reminded that volatility can return after weakness was seen on Friday, finally breaking the streak with 1% drops. Crude oil has recovered handily from ...
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oil refinery

Rig Count Up by 11, Hedge Funds Piling Up Short Bets Again

In the week ended September 9, the number of rigs drilling for oil in the United States totaled 414, up by seven compared with the prior week and a total of ...
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Gas Pump Nozzle

$50 Oil Equals $3 Gas

Driven by dwindling U.S. gasoline supplies and rumors about production increases by Iran in the face of a possible Russia-Saudi Arabia alliance, crude oil prices continue their wobbly rise. Oil ...
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