oil and gas


Why Oil Prices Jumped 8% on Friday

Looking at the chart for the price of West Texas Intermediate (WTI) crude oil for Friday, January 30, we see the closest thing we have seen in months to the ...
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Drilling Rig

US Drilling Rig Count at Lowest Point in More Than 5 Years

In the week ended January 30, the total number of rigs drilling for oil in the United States came in at 1,223, compared with 1,317 in the prior week and ...
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Bad Q4 at Chevron Looks Far Worse Ahead

Chevron Corp. (NYSE: CVX) reported fourth-quarter and full-year 2014 results before markets opened Friday. For the quarter, the oil and gas supermajor posted diluted earnings per share (EPS) of $1.85 ...
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Houston Ship Channel

Increasing Demand for Refined Products Will Increase Oil Prices

By Dan Steffens for Oilprice.com In last week's article I posted a chart from the International Energy Agency's recent Oil Market Report that shows global demand for refined products catching ...
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Blue flames of a gas stove

Natural Gas Price Dives After Storm Misses New York

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 94 billion cubic feet for the week ending January 23. The five-year average draw ...
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oil pipeline

Enterprise Earnings Report Signals Entering Another Commodity Price Cycle

Enterprise Products Partners L.P. (NYSE: EPD) is among the largest and best run master limited partnerships (MLPs) in North America. So what are investors supposed to make of it falling ...
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Oil refinery

How Long Can Valero, Phillips 66 Turn Cheaper Crude Into Profits?

Oil refiner Valero Energy Corp. (NYSE: VLO) reported fourth-quarter and full-year 2014 earnings before markets opened Thursday. Quarterly adjusted diluted earnings per share (EPS) totaled $1.83, compared with EPS a ...
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Dow Chemical logo

How Dow Chemical May Be Escaping Low Energy Prices

Dow Chemical Co. (NYSE: DOW) reported its fourth-quarter results Thursday before the markets opened as $0.85 in earnings per share (EPS) and $14.4 billion in revenue. That was against Thomson ...
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petro chemical plant

Plunging Gasoline Prices Help Top Refiners: 6 Stocks to Buy

While falling spot oil prices have hammered the major energy companies, the tumble in price at the gas pump has been a godsend to consumers -- and to some of ...
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oil rig

Can NOV Really Fall Another 20%

National Oilwell Varco, Inc. (NYSE: NOV) had a reality check during Wednesday’s trading session. This oilfield and offshore giant equipment maker was on the wrong side of an analyst call ...
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Lies and Deception in Ukraine’s Energy Sector

By Robert Bensh for Oilprice.com The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite ...
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Crude Oil Inventory Jumps by 9 Million Barrels

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.9 million barrels last week, maintaining a total U.S. commercial ...
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Short Sellers Pounce on Major Oil and Gas Stocks

Oil has gotten kicked in the teeth, and common sense would say that short sellers have made huge bets and boatloads of money as the stocks and commodities around the ...
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oil rig and tanker

U.S. Releases Draft Strategy for Offshore Drilling

While the low price of crude oil is threatening to shut down a fair amount of onshore drilling in the U.S., the Department of the Interior’s Bureau of Ocean Energy ...
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Oil Tanker

Oil Prices Changing the Face of Global Geopolitics

By Andrew Topf for Oilprice.com In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily ...
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