oil and gas

Oil rig

3 Top Drilling Stocks to Buy for Higher Rig Activity

Despite the volatility in oil prices over the past month, one thing remains clear: the Permian Basin in West Texas is where the money is going, and it for sure ...
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oil field sunset

Venezuela: Country Hardest Hit by Low Crude Oil Prices

The plunge in oil prices that began at about this time in 2014 has cut the price of crude in half and put severe strains on countries that depend heavily ...
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buy now

9 Energy and Metals Stocks Analysts Want You to Buy Now

Stocks are trading close to all-time highs and this bull market is now seven and a half years old. Metals and energy prices have rebounded sharply so far in 2016. Most ...
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Venezuela flag

Venezuela Has World’s Largest Oil Reserves

What is wrong with Venezuela? Food riots. Wild inflation. But the country has the world's largest oil reserves, even greater than Saudi Arabia. According to the CIA Factbook, this is ...
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fracking

Rig Count Steady, Hedge Funds Dump Short Contracts on 63 Million Barrels

In the week ended August 26, the number of rigs drilling for oil in the United States totaled 406, unchanged compared with the prior week, and down from a total ...
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Gas Can

The Case for $3 Gas

The average price for a gallon of regular gasoline in the United States is $2.20. In California, the figure is $2.67. In some of its largest cities, the figure is ...
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Blue Flame

Natural Gas Price Dips on Small Inventory Injection

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 11 billion cubic feet for the week ending August 19. Analysts were expecting a ...
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Pumpjack

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

The short interest data have been released for the August 15 settlement date. With oil prices seemingly on the slow path to recovery and the Dow and S&P 500 hitting ...
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Oil platform on sea

How Seadrill Beat Profit Estimates

Offshore drilling company Seadrill Ltd. (NYSE: SDRL) posted second-quarter 2016 results before markets opened on Wednesday morning. The company reported diluted earnings per share (EPS) of $0.52 on revenues of $868 ...
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Oil Barrels

Rising Crude Oil Inventory Stifles Prices After Volatile Week

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.5 million barrels last week, maintaining a total U.S. commercial ...
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Oil pumps

What’s Up With Resolute Energy?

The day Resolute Energy Corp. (NYSE: REN) reported second quarter results, the stock jumped 24% — before the announcement, which came after the market closed that day. Shares added another ...
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Oil rig

10 Oil & Gas Stocks Analysts Want You to Buy Now

With stocks at all-time highs and with oil's price bottoming out six months ago, it has been some time since we have seen analysts issue a massive number of analyst ...
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fracking

Rig Count Rises by 10, Huge Short Covering in Crude Market

In the week ended August 19, the number of rigs drilling for oil in the United States totaled 406, up by 10 compared with the prior week but down from a ...
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BP Mad Dog

Mexico’s Deepwater Attracts Exxon, Chevron, Hess Partnership

America's two supermajor energy producers, Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX), are joining forces with Hess Corp. (NYSE: HES) to bid as a group for rights ...
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Kinder Morgan Terminal

What the Kinder Morgan Upgrade Indicates

Energy transportation and infrastructure partnerships (MLPs) have moved higher Thursday following a Morgan Stanley upgrade to former MLP Kinder Morgan Inc. (NYSE: KMI) and a downgrade to Enterprise Products Partners L.P. (NYSE: ...
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