crude oil prices

Crude Oil Prices Tumble on Another Big Inventory Addition

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 5 million barrels last week, maintaining a total U.S. commercial ...
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Despite Energy Sector Weakness, Why Merrill Lynch Raised Its Energy Weighting

Oil may have run into a rough patch in the past week or so, and it was last seen still trading well below the $50 per barrel mark. In a ...
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Oil Rig Count Rises by 14, Hedge Funds Pile Into Short Positions

In the week ended March 17, 2017, the number of rigs drilling for oil in the United States totaled 631, up by 14 compared with the prior week and up ...
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Solaris Oilfield Files for IPO

Solaris Oilfield Infrastructure has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were listed in the filing, ...
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ProPetro Closes in on IPO

ProPetro Holding has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). The company expects to price its 20 million shares ...
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Crude Oil Prices Hold Gains After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 200,000 barrels last week, maintaining a total U.S. commercial crude ...
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What Canaccord Genuity Likes About Marathon Oil’s Recent Transactions

When Marathon Oil Corp. (NYSE: MRO) announced last Thursday that it had sold all its interests in Canada's Athabasca Oil Sands Project for $2.5 billion in cash, the stock added ...
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Oil Rig Count Rises by 8, Hedge Funds Now Wary of Massive Long Positions

In the week ended March 10, 2017, the number of rigs drilling for oil in the United States totaled 617, up by eight compared with the prior week and up 231 ...
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Big Oil Short Sellers Run for Cover

Since Trump has taken the White House, crude oil had been trading above $50 a barrel until this week. This level was once thought as a support level, but after ...
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Crude Oil Prices Remain Lower After Massive Inventory Addition

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.2 million barrels last week, maintaining a total U.S. commercial crude ...
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EIA Forecasts Rising Production, Slightly Higher Pump Prices

The U.S. Energy Information Administration (EIA) on Tuesday released the latest update to its Short Term Energy Outlook (STEO). The EIA is forecasting an average U.S. pump price for 2017 ...
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Why Credit Suisse Sees Strong Upside From Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) has long been a top name in the world of master limited partnerships (MLPs), with a reputation for raising its distributions. With the Enterprise ...
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Lack of Investment Poses Risk of Sharp Increase in Oil Price

At Monday's opening session of CERAWeek, an annual major energy industry conference in Houston, the International Energy Agency (IEA) released its latest medium-term oil market report, indicating strong growth in ...
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fracking

Oil Rig Count Rises by 7, Hedge Funds Reverse Course, Add Short Positions

In the week ended March 3, 2017, the number of rigs drilling for oil in the United States totaled 609, up by seven compared with the prior week and up 217 compared ...
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Oil Barrels

Crude Oil Inches Up on Inventory Report, Improved Compliance on OPEC Cuts

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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