oil and gas

Arab oil

Crude Oil Sinks Below $72

For some reason, analysts and traders seemed to think that Saudi Arabia did not mean what it said when it announced in October that the country didn’t care if the ...
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Analyst Trims Crude Oil Price, E&P Firms’ EPS Estimates

Lower crude oil prices typically mean lower profits for exploration & production (E&P) companies, and this time around is no different. The recent sharp drop in crude prices has generated ...
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Blue flames of a gas stove

Colder Weather Ups Natural Gas Demand, Weighs on Prices

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks decreased by 162 billion cubic feet for the week ending November 21st, compared with an expected ...
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Crude Oil Inventory Posts Gain Ahead of OPEC Meeting

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.9 million barrels last week, maintaining a total U.S. commercial ...
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Major Oil Short Interest Still Wary of Falling Prices

Short interest data for major oil stocks was released for the November 14 settlement date. Most of the top oil stocks, with the exception of ConocoPhillips, saw their short interest ...
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oil rig and tanker

SeaDrill Suspends Dividend After Weak Earnings Report

Offshore drilling company SeaDrill Ltd. (NYSE: SDRL) posted third-quarter 2014 results before markets opened on Wednesday morning. The company posted diluted earnings per share (EPS) of $0.31 on revenues of ...
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Are Oil Analysts Getting Too Pessimistic With Lower Oil Prices?

The drop in the price of oil has felt monumental considering that the U.S. economy is still holding up well when the world’s growth engine is idling. This may be ...
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Fracking

Follow the Sand to the Real Fracking Boom

By James Stafford of Oilprice.com When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand ...
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PBR-logo

Petrobras Reveals Receipt of SEC Subpoena

Brazil’s government-controlled oil giant Petroleo Brasileiro SA (NYSE: PBR), or Petrobras, issued a statement Tuesday morning saying that the company had received a subpoena from the U.S. Securities and Exchange ...
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Gas pipeline

How Analysts Rate Shell Midstream Partners

The quiet period for Shell Midstream Partners, L.P. (NYSE: SHLX) has been lifted and analysts are beginning to weigh in on the company and its post-IPO performance. While oil prices ...
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Biofuel Cans

EPA Delays Renewable Fuels Decision

The U.S. Environmental Protection Agency (EPA) on Friday announced that it would not issue a final standard for the percentage of renewable fuels use in 2014. The standard was due ...
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Offshore drill rig

Petrobras Stock Recovers 8% on Some Good News

Listing all the troubles that have hit Petrobras, formally Petroleo Brasileiro S.A. (NYSE: PBR), over the past several years would take a long time. Better just to look at the ...
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Blue flames of gas stove

Natural Gas Inventory Drop Sends Prices Higher

The U.S. Energy Information Administration (EIA) reported Friday morning that U.S. natural gas stocks decreased by 17 billion cubic feet for the week ending November 14. That compared with an ...
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Crude Oil Inventory Takes Unexpected Leap

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.6 million barrels last week, maintaining a total U.S. commercial ...
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Drilling Rig

Analyst Sees Post-Merger Halliburton Worth Less Than Before

The just-announced $35 billion acquisition of Baker Hughes Inc. (NYSE: BHI) by Halliburton Co. (NYSE: HAL) may be a hit in the long term, but at least one research firm ...
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