oil and gas

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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bridge construction

11 Infrastructure Giants Loving Trump’s Infrastructure Ambitions

If you are surprised about the gains seen in the infrastructure stocks since the election, you haven't been reading 24/7 Wall St. or many other financial trends sites. While President Trump's ...
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LNG tanker

Energy Producers Heavy Into This Red-Hot Product Could Go Much Higher

We have said it before, and it remains perhaps the best way to look at the energy sector after its big roller-coaster ride: What a difference a year makes. The ...
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turtle

Short Sellers Can’t Make Up Their Minds on Major Oil

Since Trump has taken the White House, crude oil has been trading above $50 a barrel, and it seems to have solidified at this price level, which is a step ...
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fracking drilling

Why Chevron Is Still Expected to Greatly Outperform Exxon Mobil

Chevron Corp. (NYSE: CVX) is going higher, and perhaps leaving Exxon Mobil Corp. (NYSE: XOM) in the dust. That is the take from Jefferies, which raised its estimates and added Chevron ...
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Saudi Arabia

Wood-Mackenzie Thinks Saudi Aramco Is Only Worth $400B, not $2T

When Saudi Arabia first floated the idea of taking a portion of its giant Saudi Aramco oil company public, the government figured the firm could sell about 5% of Aramco ...
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fracking

Oil Rig Count Rises by 5, Hedge Funds at Record Long Futures Positions

In the week ended February 24, 2017, the number of rigs drilling for oil in the United States totaled 602, up by five compared with the prior week and up from a ...
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Oil Barrels

Crude Oil Price Rises on Modest Addition to Inventories

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

Natural Gas Price Bounces Higher After Inventory Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 89 billion cubic feet for the week ending February 17. Analysts were expecting a ...
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Nat Gas Field

Does Chesapeake Energy’s Adjusted Profit Signal a Turnaround at Last?

Chesapeake Energy Corp. (NYSE: CHK) reported fourth-quarter and full-year 2016 earnings before markets opened Thursday. For the quarter, the oil and gas exploration and production company posted adjusted earnings per share ...
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oil tanks

The Other Shoe Drops: Exxon Cuts Reserves Total by 20%

You can't say you weren't warned. After markets closed on Wednesday, Exxon Mobil Corp. (NYSE: XOM) announced that its proved reserves total at the end of 2016 amounted to 20 ...
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Facebook corporate

Facebook’s Market Value Passes Exxon’s

Earlier this month, the market value of Facebook Inc. (NASDAQ: FB) surged past that of Exxon Mobil Corp. (NYSE: XOM) to push the social media giant to sixth in the rankings ...
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ThinkstockPhotos-488849483

Natural Gas Inventory Posts Small Drawdown, Price Slips to YTD Low

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 114 billion cubic feet for the week ending February 10. Analysts were expecting a ...
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Oil Barrels

Crude Oil Price Dips on Record Inventory Levels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 9.5 million barrels last week, maintaining a total U.S. commercial ...
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fracking

RBC Has 4 Top Oil Services Stocks to Buy as Sector Rally Matures

If you were buying oil services this time last year, you had either years of experience in the sector, were a deep value investor with a very long time line, ...
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