oil and gas

Oil price fall graphic

What Happens When Oil Drops Below $90 a Barrel?

Since late June, West Texas Intermediate (WTI) crude oil is down more than $10 a barrel and Brent crude is down about $8 a barrel. And nearly every oil industry ...
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Kinder Morgan pipeline

MLP Watch: Columbia Pipeline Partners Files for IPO

Columbia Pipeline Partners L.P. has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were given for the offering, but it can ...
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PBR-logo

Election and Several Outside Issues Acting Against Petrobras

Petróleo Brasileiro S.A. –(NYSE: PBR), or Petrobras, saw more than just a garden variety sell-off on Monday morning. The Brazilian oil giant's ADSs in New York were down more than ...
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Oil pumpjack

Encana Pays $5.9 Billion for Texas-Based Athlon Energy

Calgary-based Encana Corp. (NYSE: ECA) announced Monday morning that it has entered a definitive merger agreement with Athlon Energy Inc. (NYSE: ATHL) to acquire the Texas-based oil company for $5.93 ...
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gas sign

States and Cities With the Cheapest Gasoline

Gasoline prices have been on a steady downward trend since late June and the average price of a gallon of regular gasoline in the U.S. is now $3.342 a gallon, ...
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XOM Kara Sea Well

Exxon, Rosneft Strike Arctic Oil, but Sanctions Force Well Shutdown

When Exxon Mobil Corp. (NYSE: XOM) asked the U.S. Treasury and Energy Departments for an extra two weeks to shut down its joint well offshore of Russia’s northern coast, the ...
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Oil spill

Key Changes in Short Interest for Major Oil Stocks

Short interest data for major oil stocks were released for the mid-September settlement date. Investors appeared to be shying away from shorting these oil companies, with the exception of BP. ...
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Blue flames of a gas stove

Natural Gas Prices Strengthen on Inventory Build, but the Outlook Is Weaker

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 97 billion cubic feet for the week ending September 19. That compared with an ...
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Crude Oil Inventory Falls, but Prices Remain Driven by Lack of Demand

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4.3 million barrels last week, maintaining a total U.S. commercial ...
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Why Merrill Lynch Switched Occidental and Pioneer on Its Prized US 1 List

The US 1 list at Bank of America Merrill Lynch is like the key focus lists at other top brokerage houses. When companies are added and removed, investors often take ...
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Gas pipeline

Hess Midstream Files for MLP IPO

Hess Midstream Partners L.P. filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). There were no terms given for the offering, ...
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Houston Ship Channel

5 Permian Basin Oil Stocks to Buy After Huge Oil Sell-Off

If any one area of the United States has become the poster child for the rebirth of the domestic oil production boom, it is probably the Permian Basin located in ...
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Gas pipeline

UBS Sees 4 Companies as Potential MLP Acquisition Targets

Once a major company with the size, depth and, most of all, deep pockets like Kinder Morgan Inc. (NYSE: KMI) plunges in and makes a huge deal come together with ...
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PBR-logo

Is Petrobras Becoming Too Tied to Brazil Elections and Sentiment?

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, is showing how dangerous it can be for one company to be considered such a key market barometer for upcoming elections. With Brazil ...
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Railroad Oil Tank Cars

MLP IPO Filing: PES Logistics Partners

PES Logistics Partners L.P. filed with the U.S. Securities and Exchange Commission (SEC) to have an initial public offering (IPO). No terms have been given on the offering, but it ...
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