oil and gas

US Oil Rig Count Drops by 7, Total Rigs Down by 15

In the week ended October 20, 2017, the number of rigs drilling for oil in the United States totaled 736, seven fewer compared with the prior week and up by ...
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Jefferies Raises Price Targets on 3 Supermajor Oil Stocks to Buy

After trading in a tight range for the better part of 2017, oil looks to have finally broken out over the psychological $50 a barrel level, and given the massive ...
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Natural Gas Price Remains Low as Heating Season Approaches

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 51 billion cubic feet for the week ending October 13. Analysts were expecting a ...
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RBC Sees Huge 2018 Potential for 4 Top Refining Stocks

A few years ago, some of the hottest stocks in the energy sector were the refiners, as high prices pushed production and refining needs. Then along came a huge drop ...
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Kinder Morgan Earnings, Revenues Solid, Forecast on Target

Kinder Morgan Inc. (NYSE: KMI) reported third-quarter 2017 results after markets closed Wednesday. The midstream giant posted adjusted earnings per share (EPS) of $0.15 per share on revenues of $3.28 ...
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Exxon Mobil Expands With Permian Basin Terminal Acquisition

It seems like Exxon Mobil Corp. (NYSE: XOM) is located in just about every major oil and gas effort around the planet. After all, it is the largest American oil ...
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Crude Oil Price Tumbles After Week of Storm Threats

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning, showing that U.S. commercial crude inventories decreased by 5.7 million barrels last week, maintaining a total ...
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Gas Prices Decline for Fifth Week Running

For over a month now, gasoline prices have slowly backed off in the wake of Hurricane Harvey. The damage from Harvey was substantial in the Houston area and precipitated some ...
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Why There Are Growing Worries About the Saudi Aramco IPO

If a company is coming public for the first time ever with a market cap that was rumored to be more than $1 trillion, or anywhere close to it, there ...
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Jefferies Out With 5 New Top Pick Energy Stocks to Buy

Oil and the energy sector has been a fickle mistress in recent years. After soaring to over $100 a barrel, the black gold then proceeded to come crashing back to ...
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Crude Oil Price Stems Losses as Inventories Shrink

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories decreased by 2.8 million barrels last week, maintaining a total ...
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Natural Gas Price Ticked Down on Expected Storage Increase

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 87 billion cubic feet for the week ending October 6. Analysts were expecting a ...
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US Energy Agency Forecasts Higher Oil Prices

The U.S. Energy Information Administration (EIA) has raised its forecast for the price of a barrel of Brent crude oil for this year to $52, up from $51 in last ...
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Major Oil Scares Off Short Sellers

Crude oil had traded above $50 a barrel in the first quarter of this year, and finally it’s back to that magic number. If the price can hold near this ...
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US Oil Rig Count Drops by 2, Total Rigs Now Up 412 Year Over Year

In the week ended October 6, 2017, the number of rigs drilling for oil in the United States totaled 748, down by two compared with the prior week and up ...
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