crude oil prices

Oil spill

Short Sellers Back Off as Oil Prices Rise

The short interest data have been released for the tax day settlement date (April 15). It just so happens that some of the latest short interest readings for major oil ...
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North Dakota State Quarter

North Dakota Passes Law to Lower Oil Tax

Both houses of North Dakota’s state legislature have passed a bill to lower the state’s extraction tax on oil and to eliminate the current practice of tying the tax to ...
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Oil drilling rig

Oil Rigs Drop by 31, Hedge Funds Look Elsewhere for Profits

In the week ended April 24, the number of rigs drilling for oil in the United States totaled 703, compared with 734 in the prior week and 1,534 a year ...
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oil-jack-pumps

Oil Well Completion Backlog Could Weigh on Crude Prices for Years

Crude oil prices rose nearly 3% on Thursday as traders bid barrels higher following more reports of lower U.S. rig counts and more airstrikes against Yemeni rebels. West Texas Intermediate ...
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153715598

Crude Oil Price Bounces Higher on Lower Gasoline Supplies

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5.3 million barrels last week, maintaining a total U.S. commercial ...
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Oil drilling rig

Oil Rigs Drop by 26, Hedge Funds Increase Long Bets as Crude Prices Rise

In the week ended April 17, the number of rigs drilling for oil in the United States totaled 734, compared with 760 in the prior week and 1,510 a year ...
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153715598

Crude Oil Price Jumps Following Light Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.3 million barrels last week, maintaining a total U.S. commercial ...
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Drilling Rig

US Crude Oil Production Begins to Fall

Earlier this week, the U.S. Energy Information Administration released its drilling productivity report for the month of April. The agency forecast a drop in production of 57,000 barrels of oil ...
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downgrade

Why 2 Major Analysts Downgraded BP in 2 Days

Even long after the Gulf oil spill, BP PLC (NYSE: BP) has had a rough run of things. It does not help that two analysts are making near identical calls ...
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coal train

What Drove Norfolk Southern Earnings Lower

We have another warning in the transportation sector. In March, Kansas City Southern (NYSE: KSU) warned that it would have a weaker-than-expected first quarter due to lower fuel revenues. It ...
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oil-jack-pumps

Why Oil Stocks Will Get More Expensive

Has oil bottomed out yet and what would the picture in the Middle East look like if it has? Oppenheimer suggests that there will be an increased wave of mergers ...
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Oil spill

Short Sellers Stay Aggressive on Big Oil Stocks

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

Low Crude Oil Prices Leave Thousands of US Wells Uncompleted

There are roughly 2,500 to 3,500 drilled but uncompleted oil wells in the United States, according to analysts at IHS Inc. (NYSE: IHS). As many as 1,400 of those wells are ...
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Oil drilling rig

Hedge Funds Add to Long Positions as Oil Rig Count Drops by 42

In the week ended April 10, the number of rigs drilling for oil in the United States totaled 760, compared with 802 in the prior week and 1,517 a year ...
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oil storage terminal

More Carnage in Oil and Gas Sector Jobs and Spending, but Looking Less Bad

The Federal Reserve Bank of Kansas City might not be the first place that oil and gas industry watchers think of for evaluating oil and gas trends in hiring and ...
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