crude oil prices

oil rig

$100 Billion Cut from Global Energy Projects

The collapse of crude oil prices that started last Fall and continued through the first half of March this year has forced many U.S. producers to delay new drilling or ...
Read Full Story »
Oil drilling rig

Hedge Funds Adding to Short Positions as Rig Count Stabilizes

In the week ended May 22nd, the number of rigs drilling for oil in the U.S. totaled 659 compared with 660 in the prior week and 1,528 a year ago. ...
Read Full Story »
gas sign

Gas Prices Jump Above $3 in 7 States

Just ahead of the Memorial Day weekend, one of the periods when Americans are on the road in the greatest numbers, gasoline prices have moved above $3 in seven states. ...
Read Full Story »
153715598

Crude Oil Inventory Decline Smaller Than Expected

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.7 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
Oil drilling rig

Hedge Funds Cut Long and Short Positions in Oil as Rig Count Falls

In the week ended May 15, the number of rigs drilling for oil in the United States totaled 660, compared with 668 in the prior week and 1,531 a year ...
Read Full Story »
153715598

Crude Oil Inventory Drop Does Not Support Higher Crude Price

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.2 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
124668669

As Oil Forecasts Go Lower, an Expected $675 Annual Pay Raise per Household

The U.S. Energy Information Administration (EIA) has now lowered its expectations on oil prices and its production forecast in 2015 and 2016. The move may not be a shock to ...
Read Full Story »
Flag of OPEC

OPEC Raises Crude Oil Demand Estimate

The Organization of Petroleum Exporting Countries (OPEC) released its May Oil Market Report Tuesday morning, and the cartel said that demand will rise by 1.18 million barrels a day in ...
Read Full Story »
Oil spill

Short Sellers Worry That the Bottom in Oil Has Been Seen

The short interest data have been released for the April 30 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
Read Full Story »
oil rig

9 Oil and Gas Stocks Analysts Want You to Buy Now

Now that oil has fallen from over $100 to under $50, and come back closer to $60, many long-term investors are looking for oversold value among the best oil and ...
Read Full Story »
Flag of OPEC

OPEC Production Jumps 210,000 Barrels a Day in April

The strategy that the Organization of Petroleum Exporting Countries (OPEC) outlined last November has taken hold with a vengeance. In an effort to limit the impact of U.S. production from ...
Read Full Story »
Oil drilling rig

As Oil Rig Count Slips by 11, Hedge Funds, Producers Add to Long Positions

In the week ended May 8, the number of rigs drilling for oil in the United States totaled 668, compared with 679 in the prior week and 1,528 a year ...
Read Full Story »
153715598

Crude Oil Price Rises as Inventory Drops by Nearly 4 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 3.9 million barrels last week, maintaining a total U.S. commercial ...
Read Full Story »
Shell Port Arthur TX refinery

What to Expect From Occidental and Chesapeake Earnings

A couple of major oil and gas companies are set to report their earnings Wednesday: Occidental Petroleum Corp. (NYSE: OXY) and Chesapeake Energy Corp. (NYSE: CHK). Occidental will report its ...
Read Full Story »
Gas pipeline

Even After the Pop, Why Golar LNG Could Rise Another 30%

As it looks like oil and natural gas prices may have bottomed out, some companies are looking to take advantage and set a strong pace for growth going forward. Golar ...
Read Full Story »