oil and gas


Analyst Still Sees 50% Upside in Schlumberger

Schlumberger Ltd. (NYSE: SLB) received mixed news from independent research firm Argus after it reported earnings for its third quarter. As oil service companies and drillers saw their shares gutted ...
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Drilling Rig

Halliburton Earnings Confess Drop in New North American Drilling

Halliburton Co. (NYSE: HAL) reported third-quarter 2014 results before markets opened Monday. The oil and gas services company posted adjusted diluted earnings per share (EPS) of $1.19 on revenues of ...
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Biofuel Cans

Why It Matters That Ethanol Prices Are Collapsing

Another bit of fallout from the diving demand for gasoline is just about to hit the front pages. U.S. ethanol producers are approaching the so-called blend wall, a term that ...
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Crude Oil Posts 52-Week Low Before Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, a day later than usual due to the Columbus Day holiday on Monday. U.S. commercial crude ...
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Blue flames of a gas stove

Natural Gas Inventory Increase Weighs on Price

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 94 billion cubic feet for the week ending October 10. That compared with an ...
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Drilling Rig

Baker Hughes Earnings Weakened by Geopolitics, Gulf of Mexico Reductions

Baker Hughes Inc. (NYSE: BHI) reported third-quarter results before markets opened Thursday. The oil field services firm reported adjusted diluted earnings per share (EPS) of $1.02 on revenues of $6.25 ...
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refilling the car

Gasoline Prices at 44-Month Low

Wednesday’s national average price for a gallon of regular gasoline is $3.177 a gallon, the lowest it’s been since February of 2011. A year ago a gallon of gas cost ...
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oil storage terminal

Top High-Yielding and Quality MLPs On Sale After Stock Market Massacre

The plunge in energy prices had been a welcome relief to consumers, but for shareholders of energy companies, it has been a debacle. The energy master limited partnership (MLP) space ...
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The 10 Biggest Energy Company Bankruptcies

By Andrew Topf of Oilprice.com Running a multi-billion dollar energy company isn't easy. Just ask the executives in the corner suites of some of the energy companies that have gone ...
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Crude Tumbles Again as IEA Lowers Oil Demand Forecast

The International Energy Agency (IEA) released its October Oil Market Report Tuesday morning, and it is even gloomier for oil producers than last week’s report from OPEC. The IEA has ...
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4 Stocks to Buy That Could Benefit From an OPEC Production Cut

Unless you have been out of the country, then the chances are good you are seeing the lowest prices for gasoline in the past two years. In fact, in many ...
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Ruby Pipeline laying

Atlas and Targa: Another Very Complicated Major MLP Acquisition

Master limited partnership (MLP) Atlas Pipeline Partners L.P. (NYSE: APL) announced Monday morning that it has agreed to be acquired by Targa Resources Partners LP (NYSE: NGLS) in a cash ...
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Arab oil

Low Oil Prices Are No Problem for the Saudis

With the price of Brent Crude down to around $90 a barrel, the question on everyone’s mind is, “When will oil find a floor?” Well, almost everyone. Saudi Arabia doesn’t ...
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XOM Kara Sea Well

Morgan Stanley’s Asset Sale to Russian Oil Company in Jeopardy

Last December, Morgan Stanley (NYSE: MS) said that it had reached an agreement with Russia’s state-controlled oil company OAO Rosneft to sell the Russian company parts of the bank’s global ...
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oil rig and tanker

Major Oil Stocks Short Interest Surprise

Short interest data for major oil stocks was released for the September 30 settlement date. Most of the top oil stocks, with the exception of Petrobras, saw their short interest ...
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