oil and gas

Oil refinery

Valero Profits Jump on Lower Prices for Crude Oil and Corn

Oil refiner Valero Energy Corp. (NYSE: VLO) reported second-quarter 2014 earnings before markets opened Wednesday. Diluted earnings per share (EPS) totaled $1.22, compared with EPS a year ago of $0.84. ...
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5 Industries Worried About Peak Oil

By Chris Dalby for Oilprice.com The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing ...
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Blue flames of gas stove

What Happened to All of the Natural Gas Bulls?

What happened to that natural gas boom that was supposed to continue throughout 2014? We have certainly not had a cool summer universally in the United States, but it also turns ...
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The 10 Most Oil-Rich States

The U.S. energy industry is booming. As new technologies make oil easier and more affordable to extract, the United States is poised to become the world’s leading oil producer as ...
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PBR-logo

Barclays Sees Huge Discounted Value in Petrobras Ahead of Elections

Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, has had some unusual victories so far in 2014. After looking as though it might challenge a sub-$10 handle earlier this year, Petrobras ...
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Blue flames of a gas stove

Natural Gas Inventory Posts Another Weekly Gain, Prices Remain Low

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 90 billion cubic feet for the week ending July 18. Natural gas futures prices ...
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Gasoline Prices Stay Low Even as Crude Supply Falls

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4 million barrels last week, maintaining a total U.S. commercial ...
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oil rig

Transocean Partners Submits IPO Filing

Transocean Partners LLC, a spin-off from Transocean Ltd. (NYSE: RIG), has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of 17.5 million common ...
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Oil Tanker

As Russia’s Isolation Grows, Oil Companies Caught in Middle

By Nicholas Cunningham of Oilprice.com The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that ...
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Offshore drill rig

Obama Administration OKs Oil & Gas Searches Off Atlantic Coast

Saying that the status quo does not meet the “need for action,” the U.S. Bureau of Ocean Energy Management (BOEM) on Friday issued a decision on what the agency will ...
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Blue flames of gas stove

Natural Gas Inventory Gain Grows, but Still Way Behind Averages

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 107 billion cubic feet for the week ending July 11, compared with an expected ...
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crude oil prices

Deutsche Bank Says Strong Earnings Can Drive Top Oil Service Stock Picks

Despite West Texas Intermediate (WTI) finally poking its nose briefly below $100 a barrel after what seems an eternity, one thing remains a steady constant in the oil services sector. ...
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Drilling Rig

Baker Hughes Grows Earnings Outside North America

Baker Hughes Inc. (NYSE: BHI) reported second-quarter results before markets opened Thursday morning. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.92 on revenues ...
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Gasoline Prices Drop Below Last Year’s Level as Crude Supply Falls

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 7.5 million barrels last week, maintaining a total U.S. commercial ...
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Drilling Rig

Looking for the Next Oil Boom? Follow the Tech

By James Stafford of Oilprice.com Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin ...
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