oil and gas

Oil Barrels

Goldman Sachs Sees 4 Exploration & Production Winners For $35 Oil Long-Term

Now that West Texas Intermediate Crude oil has dipped under $30.00 per barrel, investors and industry watchers are even more concerned about the oil and gas stocks in the energy ...
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Pump Jacks Against at Dusk

US to Be Self-Sufficient by 2019 as Crude Oil Production Rises

U.S. oil production for 2015 from shale formations is expected to reach 5.2 million barrels of oil equivalent per day. By 2020 the shale total is forecast to reach 8 ...
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Oil Barrels

Crude Oil Stockpile Slips, Refining Runs Continue to Fall

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 800,000 barrels last week, maintaining a total U.S. commercial crude ...
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oil train

Major Oil Short Interest Backs Off

The short interest data have been released for the January 29 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
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Vintage Gas Sign

Midwest Gas Prices Hit 12-Year Low

Pump prices for gasoline could be well on their way to less than a dollar a gallon in some parts of the Midwest as refiners begin the switchover in production ...
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fracking

Oil and Gas Capex Needs to Fall Another 30% in 2016: IHS

By now, investors know that the low prices for crude oil and natural gas, while they may be welcomed by consumers, are putting enormous pressure on the exploration and production ...
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natural gas pipeline

Plains All American Earnings, Revenue Shortfalls Don’t Affect Distribution

Plains All American Pipeline L.P. (NYSE: PAA) and Plains G.P. Holdings L.P. (NYSE: PAGP) reported fourth-quarter and full-year 2015 results after markets closed on Monday. For the quarter, the midstream ...
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Oil platform on sea

Diamond Offshore Scratches Dividend After Huge Impairment Charge

Diamond Offshore Drilling Inc. (NYSE: DO) reported fourth-quarter and full-year 2015 results before markets opened on Monday. The offshore drill rig operator posted a quarterly diluted net loss per share ...
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oil train

Why Analysts Are Changing Tune on Exxon, Chevron and ConocoPhillips

The three largest U.S. oil and gas companies have now reported fourth-quarter earnings, and the results were about what most observers expected with one mildly positive surprise. Every one reported ...
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Oil rig

Oil Rig Count Drops by 31, Hedge Funds Pile Up Short Positions

In the week ended February 5, the number of rigs drilling for oil in the United States totaled 467, compared with 498 in the prior week and 1,140 a year ...
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oil rig

Will International Rig Counts Fall Toward 1,000?

Everyone is wondering just how low the price of oil can go. The reality is that we now have an oversupply issue, rather than demand erosion from past boom-bust cycles ...
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Pump Jacks Against at Dusk

Secondary Offering Sinks Hess Shares

Very early Friday morning, independent oil and gas producer Hess Corp. (NYSE: HES) announced that it had priced an underwritten offering of 25 million shares of common stock at $39 ...
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Blue Flame

Natural Gas Price Slips Following Lower-Than-Expected Inventory Drawdown

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 152 billion cubic feet for the week ending January 22. Analysts were expecting a ...
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oil tanks

Are US Crude Oil Storage Tanks About to Overflow?

The last time some analysts got jittery about the amount of crude oil in storage in the United States was March of last year, after the U.S. Energy Information Administration ...
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fracking

Deutsche Bank Raises Price Targets on 4 Exploration and Production Stocks

Smart investors who are not attending their first rodeo have seen this all before. The classic boom, then bust, then ultimately despair in the energy sector is not a new ...
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